…Recommends reduction of import tariffs to reduce cost of doing business, poverty level …Applauds fiscal reforms, predicts decline in inflation by H1, 2024 Over $300 million was lost as revenue to tax evasion between 2015 to 2019 due to import…
The Nigeria Port Authority, NPA, and World Bank are working on a partnership towards revamping Nigeria’s decaying port infrastructure. Managing Director of NPA, Mohammed Koko, disclosed this on Tuesday through his official X (formerly Twitter) handle after meeting the World…
In a report released by the World Bank on Friday, a total of 321,867 Micro, Medium, and Small Enterprises (MSMEs) in Nigeria have received wholesale funding amounting to $1.4 billion over the course of six years. The funds were disbursed…
The Federal Capital Territory Administration (FCTA) and the World Bank said they will provide grants to 12,283 farmers, under the FCT Fadama Covid -19 Action Recovery and Economic Stimulus (FCT CARES) Programme. The Minister of State for FCT, Dr Mariya…
The World Bank has announced plans to allocate $5 billion towards bringing electricity to 100 million people in Africa by 2030. The announcement was made by the President of the World Bank, Ajay Banga, during his speech at the mid-term…
The World Bank President, Ajay Banga, says the Bank is taking action to decisively slash methane emissions to help increase agricultural yields and improve health outcomes. Banga said this in his address at a High-Level Segment Summit on Methane at…
The Socio-Economic Rights and Accountability Project, SERAP, has written to the World Bank, asking it to suspend loans to the country’s 36 states. In a letter addressed to Mr Ajay Banga, the World Bank President, SERAP urged him “to promptly,…
The Socio-Economic Rights and Accountability Project, SERAP, has written to the World Bank, asking it to suspend loans to the country’s 36 states. In a letter addressed to Mr Ajay Banga, the World Bank President, SERAP urged him “to promptly,…
The World Bank has recently disbursed $299.99 million to Nigeria as part of the approved $800 million loan for the National Social Safety Net Program-Scale Up, a source within the World Bank confirmed the information. The disbursement represents 37.5 percent…
In line with plans to implement the Single Window platform at Nigerian ports, the Managing Director of the Nigerian Ports Authority (NPA), Mr. Mohammed Bello-Koko on Tuesday met with some World Bank officials on the sidelines of the ongoing IAPH…
