By Esther Agbo The World Bank has disbursed $751.88 million to Nigeria as part of a recently approved $1.5 billion loan. This disbursement falls under the Nigeria Reforms for Economic Stabilisation to Enable Transformation (RESET) Development Policy Financing Program (DPF)…
The Federal Government has sought the assistance of the World Bank to provide funding worth $50 million to support state governments for the installation of solar plant pilots and infrastructure upgrades. The Minister of Finance and Coordinating Minister of the…
By Esther Agbo The World Bank has pledged over $200 million for developmental projects in Ekiti State, with $60 million already disbursed, according to an official statement from the Ekiti State Government shared on their X page. During a strategic…
The World Bank has appointed Dr Ndiamé Diop as the new Country Director for Nigeria, a statement by the Bank has said. The statement obtained by the newsmen said Diop assumed his new position in Abuja on Monday and succeeded…
Nigeria’s debt to the World Bank has increased by $1.07 billion under President Bola Tinubu’s administration. According to an analysis of data from the Debt Management Office (DMO), the debt rose from $14.51 billion at the end of the second…
Mr Ashish Khanna, the World Bank Practice Manager for West Africa has commended the level of work on the 12 megawatts University of Maiduguri (UNIMAID) solar power project. Also satisfied with the level of work on the project, expected to…
By Mohamed Bouden According to World Bank estimates, the interest in the Atlantic Ocean is constantly growing, driven by the desire to exploit its opportunities and capitalise on shared benefits to address global challenges. Oceans play a crucial role in…
The Socio-Economic Rights and Accountability Project, SERAP, has said that the over $36 billion loans to fund 197 projects in Nigeria have failed to impact citizens as the country’s debt profile rose to N121.67 trillion. Kolawole Oluwadare, SERAP Deputy Director,…
The World Bank has supported Oyo State Government with N3.5 billion grant for the renovation of selected 105 public primary schools across the state. The state Governor, Mr Seyi Makinde, made the disclosure on Friday in Ibadan during a symbolic…
By Opeyemi Abdulsalam The World Bank is providing a $750 million loan to Nigeria to support the federal government’s policy reforms. The loan’s purpose was disclosed in a programme appraisal document dated May 17, 2024. The document outlined the terms…
