…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…
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…
