By Matthew Denis In order to enhance effective power distribution and connection, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has met with Guangzhe Chen, Vice President for Infrastructure at the World Bank, to discuss…
By Esther Agbo Lagos State Governor Babajide Sanwo-Olu has earned the commendation of the World Bank for the transformation recorded in the State over the last five years. The multilateral institution said the State had not only been implementing programmes…
The World Bank Finances has revealed that Nigeria is still repaying $10.6 billion in loans taken out during the presidencies of Obasanjo, Yar’Adua, and Jonathan. The Debt Management Office reported that as of March 31, 2024, Nigeria’s total debt was…
Nigeria has secured at least $1.25 billion in loans from the World Bank and the African Development Bank (AfDB) to boost electricity supply under the administration of President Bola Tinubu. On December 14, 2023, the World Bank approved the $750…
Federal Government, through the Federal Ministry of Housing and Urban Development (FMH&UD), Rural Access and Agricultural Marketing Project (RAAMP), as well as the World Bank, have sought partnership with the Ogun State Estate Surveyors and Valuers to deliver harmonised compensation…
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…
