The Ebonyi State Government has debunked the report that it was among the states that borrowed N111.24 billion from domestic and foreign financiers in its first six months in office. The Ebonyi State Commissioner for Finance, Dr. Leonard Uguru, affirmed…
The federal government plans to provide subsidy to developers and operators of solar mini-grids in unserved and underserved areas in the country. The subsidy will be provided through a World Bank approved loan of $750 million under the Distributed Access…
The World Bank has estimated that Nigeria’s inflation rate will drop to around 24.8 percent this year and further to 15.1 percent by 2026. It noted that the projected decline was premeditated by monetary policy tightening and exchange rate stabilisation in…
By Saka Laaro, Ilorin Kwara State Governor AbdulRahman AbdulRazaq has flagged off the Livestock Productivity and Resilience Support Project (L-PRES), a six-year $500m food security programme supported by the World Bank and the Federal Government. Both the Federal Government and…
By Matthew Denis The Auditor General of the Federation, Shaakaa Kanyitor Chira has disclosed that lack of sustenance measures by policies has eroded the implementation of the $1.5 billion World Bank-Assisted States Fiscal Transparency Accountability and Sustainability (SFTAS) programme. He…
Gov. Ahmad Aliyu of Sokoto State has urged the World Bank to ease procurement processes to address bottlenecks in project implementation. Aliyu made the call during a stakeholders’ meeting organised by the Sokoto State Agro-Climatic Resilience in Semi-Arid Landscapes Project…
The Kano State Government has called for the extension of the World Bank intervention projects to fast track social and economic development of the state. Gov. Abba Kabir-Yusuf stated this during a courtesy visit by the World Bank Country Director,…
The World Bank has given Zambia and Tanzania a 270-million-U.S.-dollar grant to help improve transportation and trade connectivity. Achim Fock, the World Bank Country Manager for Zambia, said in a statement that the project is a significant commitment to regional…
By Matthew Denis, Abuja The Federal Government of Nigeria and the World Bank will today host the Central and Western Africa Ministers of Finance in Abuja. This was disclosed during a bilateral meeting with the World Bank Managing Director of…
…Says food inflation remains a concern for low, middle, high-income nations By Sodiq Adelakun The World Bank has projected that seven states in Nigeria’s North-west and North-east regions are on the brink of a food security crisis by 2024. The…
