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…
The federal government of Nigerian is requesting a $500 million loan from the World Bank to repair rural roads, enhance agricultural product access, and combat rising food prices. The World Bank stated that this loan will benefit 92 million rural…
By Opeyemi Abdulsalam The World Bank has approved two financing facilities of $2.25 billion for Nigeria to support the Federal Government’s efforts to stabilize the economy. This was disclosed in a statement signed by the ministry’s director of information and…
By Seun Ibiyemi The Ministry of Trade and Investment, alongside the World Bank and the Nigeria Shippers’ Council (NSC), have identified simplified trade processes and procedures at the seaports, across states and regional borders as imperative for economic growth. Speaking…
By Opeyemi Abdulsalam Food inflation remained high in May, with 59 percent of low-middle-income countries, including Nigeria, experiencing increases. According to the World Bank’s latest report, Nigeria’s real food inflation jumped 41 percent compared to last year, while nominal food inflation…
As the global food crisis continues to wreak havoc, the World Bank says it has scaled up its efforts to tackle rising food insecurity, particularly in Africa. According to the latest update released on Monday, the Bank has now made available $45…
