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…
The World Bank has listed Nigeria and nine other countries as nations with high-debt risk exposure. In a financial statement for the International Development Association (IDA) released on Monday, the World Bank pegged Nigeria at number five with a $11.7b…
Bankole Taiwo, Abeokuta More rural communities across 20 local government areas of Ogun State have been selected to benefit from the Community Engagement on Nigeria Electrification Project, using renewable energy sources, an initiative of the Federal Government Rural Electrification Agency…
The Nigeria Erosion and Watershed Project (NEWMAP) is to construct N1.5 billion storm water drains in five Nasarawa local government councils, to mitigate flooding, Mr Kwa’Kaha Jonathan, NEWMAP’s coordinator in the state, has said. Launching the project in Lafia, on…
The Rural Electrification Agency (REA) has announced the provision of $550m in funding by the World Bank (WB) and the African Development Bank (AfDB) to support the implementation of its off-grid solution projects. Mr Ahmed Abubakar, Communication Expert, REA, who…
The number of Nigerians active in the labour force plunged by 20 million between 2018 and 2020, the World Bank has said. The bank said this in a report titled ‘Of roads less travelled: Assessing the potential for migration to…
The World Bank has commended Governor Yahaya Bello of Kogi for refunding $4.63 million surplus funds under the Nigeria Erosion and Watershed Management project (NEWMAP). The World Bank commended Bello in a letter of appreciation signed by its Regional Director,…
By Olaleye Aanuoluwapo Rachael, Abuja A World Bank report has estimated that the collapse of ecosystem services provided by nature including wild pollination, food from marine fisheries and timber from forests could result in Nigeria’s Gross Domestic Product (GDP) declining…
