The Nigerian National Petroleum Company (NNPC) Limited started its activities for the week at the World Bank Nigeria Development Update in Abuja, with a fresh commitment to the ongoing reform in the oil and gas sector in Nigeria. The event…
The Federal Ministry of Finance, Budget and National Planning has secured $2,000,000.00 for each of the States, totalling $72,000,000.00 for the 36 states to developed States’ Land Information System from the world bank. This was disclosed by the Honourable Minister…
The World Bank says immediate policy action is needed to curb the long-term impacts of the COVID-19 crisis on the lives and livelihoods of Nigerian households. The bank said this in a report it released on Wednesday, titled “COVID-19 in…
Livestock farmers in Ogun will benefit from a 500 million dollar lifeline offered by the World Bank to boost productivity in the livestock sector. This was disclosed at a stakeholders’ meeting held on Tuesday in Abeokuta between officials of the…
By Matthew Denis, Abuja World Bank has said energy prices soared in the third quarter of 2021 and are expected to remain elevated in 2022. The Bank added that soaring energy prices drive global inflationary pressures and potentially shifting economic…
World Bank in its latest report said while measures were aimed at addressing the health emergency, cushioning the impact of the pandemic on the poor and vulnerable and putting countries on a path to recovery, the resulting debt burden of…
By Uthman Salami The World Bank said that the wealth value of Nigeria and some countries with abundant nonrenewable energy or recent oil and gas discoveries will be at risk due to a shift from oil, gas and coal. This…
The World Bank expects the Nigerian economy to grow by 2.4 percent in 2021. The projection is contained in the bank’s Africa Pulse, a biannual analysis of the near-term macroeconomic outlook for the region. In June, the World Bank had…
The World Bank’s Board of Directors, has approved a $400 million dollar credit to Nigeria in additional financing, from its International Development Association (IDA), for COVID-19 vaccine acquisition, the bank announced in a statement it issued on Friday, in Washington.…
The World Bank says that apart from smart investments, reforms in tertiary education systems are very instrumental to rebuilding COVID-hit economies and the transformations needed by societies. The bank said this in a statement issued in Washington after the release…
