Tag: World Bank
World Bank set to approve $500m Agriculture loan for Nigeria
June 30, 2025, Nigeria’s total external debt stood at $46.98 billion. Out of this, the World Bank Group accounted for…
“Your reforms now global reference point,” World Bank tells Tinubu
President Tinubu reaffirmed his commitment to transparency and accountability, describing fuel subsidy removal and exchange rate unification as difficult but…
Sanwo-Olu to World Bank: We’re ready for you
Speaking during the courtesy visit, Governor Sanwo-Olu read out achievements of his administration in the last six years through the…
Nigeria secures $500M boost from World Bank for NG-CARES
The World Bank has approved an extra $500 million for Nigeria’s Community Action for Resilience and Economic Stimulus (NG-CARES) Programme.
FG, World Bank join forces to deliver 3.45 million electricity meters nationwide
The initiative, backed by both FAAC funding and international support, marks a significant step toward modernising Nigeria’s power system and…
Nigeria’s population may reach 350 million by 2050 — World Bank
Banga said that in the past decade, the bank has helped 120 governments tackle corruption and is currently working with…
Nigeria’s debt rises as World Bank prepares new $750m loans
Others warn that Nigeria’s rising debt now at about N149 trillion compared to N87 trillion when President Buhari left office …
TCN expands grid capacity, commissions Bauchi power substation
Mbah added that the project shows TCN’s commitment to expanding Nigeria’s power transmission network and improving electricity infrastructure across the…
World Bank bolsters Yobe’s Climate-Smart Farming with N3.8bn Loan
Mohammed emphasized the initiative’s significance, stating that it represents a pivotal step toward building sustainable, resilient farming communities.
World Bank delivers verdict on Nigeria’s economy
However, Samad acknowledged that challenges remain, particularly the persistence of high inflation. He underscored the importance of the Central Bank…
Tinubu excited by Dangote’s World Bank’s appointment
The World Bank announced appointment of Africa's richest man, Dangote, on Wednesday as part of a broader expansion of its…
Tinubu issued ultimatum to reject World Bank loan, probe missing N233bn
According to SERAP, “the Federal Government should not collect any loan from the World Bank or any other institutions and…
Why I pulled out of World Bank loan — Soludo
“I looked at the terms of the loan and I said it was not sustainable; it was easy to continue…
World Bank team assesses Lagos’ e-Government Procurement system
During the visit, the World Bank team witnessed a live demonstration of the e-GP system by Agency officials and assessed…
ACReSAL Project disburses 250,000 dollars to 10 FCT communities
Dr Mariya Mahmoud, FCT Minister of State, said during the disbursement in Abuja on Tuesday, that each of the 10…
World Bank okays Livestock Centre for Kogi
By Richard Elesho/Kogi The Kogi Livestock Productivity and Resilience Support Project (Kogi L-PRES) has been selected by the World Bank…
World Bank, IMF annual meeting to start in Washington
As part of the meeting, the IMF also plans on Tuesday to present a new forecast for future growth in…
World Bank’s 15-year death sentence on Nigeria
Ecuador, too, suffered a devastating financial crisis when it adopted policies that hollowed out its middle class. The World Bank…
World Bank expresses support for Tinubu’s economic reforms
He, however, pleaded with the Federal Government to ensure that safety nets are provided for poor people who sre most…
Sanwo-Olu’s Lagos gets World Bank commendation for groundbreaking developments
Diop praised the reforms initiated by the Sanwo-Olu administration, particularly in the transportation sector, which has expanded Lagos' multimodal transport…
Lagos Procurement Agency seeks further support from World Bank
Onafowote expressed gratitude for the Bank’s previous support and emphasized the need for additional assistance in procurement reforms, system modernization,…
₦121.67trn debt: SERAP asks Inspection Panel to hold World Bank to account
“Under Article 1 of the World Bank Articles of Agreement, the stated purposes of the Bank include ‘to assist in…
World Banks lists seven Nigerian states that may have severe food crisis
Already, there have been outcries and protests in Nigeria over the current food crisis. But the Federal Government has moved…
99.9% poor households yet to get cash transfer from FG, says World Bank
The Conditional Cash Transfer Programme, an initiative of the President Bola Tinubu enjoys a funding support of $800 million from…
Oyo govt seeks World Bank’s support for portable water
The Oyo State Government has sought assistance from the World Bank in its efforts to provide universal access to safe…
World Bank stops new loans to Uganda over gay law
"No new public financing to Uganda will be presented to our Board of Executive Directors until the efficacy of the…
World Bank approves $1bn to improve security in Lake Chad region
The World Bank has provided one billion dollars to strengthen resilience and improve the livelihood of the people in the…
Nigeria’s inflation rate to hit 25%, says World Bank
According to the June 2023 issue of the Nigeria Development Update, the bank predicted a considerable increase in 2023 to…
SGBV: Ogun govt, World Bank sensitize students in Ijebu Ode
Prof. Arigbabu said for gender-based violence to stop, the students also have their part to play.
World Bank announces Ajay Banga as sole President-nominee
Banga was nominated by US President Joe Biden to lead the World Bank in February, saying he is "well equipped"…