The World Bank has recently urged Nigeria to implement immediate structural changes in its macroeconomic management, emphasising the need to enhance revenue collection and financial management. In its Country Policy and Institutional Assessment (CPIA) for 2022, the international financial institution…
The World Bank has urged the federal government to prioritize the effective use of public funds. The bank’s Country Director, Mr Shubham Chaudhuri, made this known during a courtesy visit to the Minister of Budget and Economic Planning, Atiku Bagudu,…
World Bank Country Director, Nigeria Office, Shubham Chaudhuri, has lauded President Bola Tinubu’s reform policies. Chaudhuri, who commended the policies at a symposium on Thursday in Ibadan, however, called for speedy roll out of palliatives to cushion their effects on…
World Bank Country Director, Nigeria Office, Shubham Chaudhuri, has lauded President Bola Tinubu’s reform policies. Chaudhuri, who commended the policies at a symposium on Thursday in Ibadan, however, called for speedy roll out of palliatives to cushion their effects on…
President Bola Tinubu says his administration has embarked on a comprehensive forensic audit of the Central Bank of Nigeria (CBN) and a thorough overhaul of the Civil Service payroll system. The President disclosed this while speaking with the World Bank…
World Bank’s commitment to supporting rural electrification in Nigeria has taken a significant step forward with its plan to build 1,000 mini-grid power plants across the country. This ambitious initiative is part of the Nigeria Electrification Project (NEP), which aims…
By Bankole Taiwo, Abeokuta The World Bank has adjudged the Ogun State government qualified for the second phase of the Nigeria For Women Project (NFWP), as it has demonstrated its commitment as a proactive partner in terms of Women empowerment…
By Sodiq Adelakun The World Bank has raised concern over government borrowing from the Central Bank. World Bank Group urged Nigeria to reduce government’s borrowing from the Central Bank if it wants to reduce the inflationary pressure on the economy.…
By Agunsoye Adenike The World Bank has attributed the frequent building collapse in Lagos State to gaps and loopholes in the permitting process and the use of unqualified professionals in the design and construction of buildings. It also stated that…
By Joel Oladele, Abuja The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has faulted the corruption ranking issued by the World Bank and Transparency International, challenging the international organisations to hold accountable, countries receiving corruption proceeds. Transparency International…
