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…
…As Minister pledges to respect CBN autonomy, Ways & Means borrowing limit The Federal Government of Nigeria is eyeing a $1.5billion World Bank loan to finance the country’s budget. This follows the falling oil prices and shortfall of production projected…
By Sodiq Adelakun Naira has been unequivocally identified as one of the most underperforming currencies in the vast continent of Africa, as astutely highlighted in a recent report by the esteemed World Bank titled “Africa’s Pulse: An analysis of issues…
…As domestic debt surges to N54.13trn By Sodiq Adelakun In a bid to enhance the delivery of basic education and primary healthcare services, the Bola Tinubu-led Federal Government of Nigeria is currently in talks with the World Bank for a…
In a move to empower and uplift adolescent girls in Nigeria, the World Bank has granted a fresh loan of $700 million. This funding will be allocated to the ongoing Adolescent Girls Initiative for Learning and Empowerment project, aiming to…
