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…
…Cancels, completes activities in project restructuring effort By Sodiq Adelakun The Innovation Development and Effectiveness in the Acquisition of Skills (IDEAS) Project in Nigeria, which was launched with a funding of $200 million, is set to undergo significant changes to…
The World Bank has predicted that Nigerian Gross Domestic Product will grow by 3.7 percent in 2025. The World Bank in its latest report titled “Global Economic Prospect: Subdued Growth, Multiple Challenges,” projected that the African largest economy will improve…
The World Bank says improved access to internet coverage in three years led to a seven per cent extreme poverty reduction in Nigeria and Tanzania. The apex development bank made this known in a recent report titled, “Digital transformation drives…
…Considers tapping domestic dollar savings The Federal Government has revealed its intention to obtain a loan facility of $1.5 billion from the World Bank. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun stated this in an…
