By Seun Ibiyemi The World Bank has approved a 700 million dollar credit from its International Development Association (IDA) for the Nigeria Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) Project. It said this in a statement issued in Washington on Thursday…
The World Bank has approved a 700 million dollar credit from its International Development Association (IDA) for the Nigeria Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) Project. It said this in a statement issued in Washington on Thursday. According to it,…
The World Bank says the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country The bank disclosed this in the November edition of its Nigeria Development Update. While highlighting the role of the Central…
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…
