World Bank Country Director for Nigeria, Dr Mathew Verghis, has commissioned seven legacy projects executed by the administration of Governor Babaganda Umara Zulum of Borno State. The projects, comprising a flyover bridge, three state-of-the-art mega schools and three dual-carriageway road projects, represent Zulum’s giant strides in Borno’s post-insurgency urban...
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Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, has raised fresh concerns over Nigeria’s worsening poverty crisis, warning that the country is sliding deeper into hardship while political actors remain preoccupied with power struggles. In a post on his verified X (formerly Twitter) handle titled “While...
World Bank has commended the Sustainable Procurement, Environmental and Social Standards Enhancement (SPESSE), Environmental Node for commencing professional certification examinations. The bank described the development as a critical milestone that marks the transition of the SPESSE Project from theoretical capacity building to standards-based certification in practice. It noted that...
Nigeria’s quest to close critical manpower gaps in procurement, environmental and social standards has received a major boost as the World Bank has given a strong nod to the Sustainable Procurement, Environmental and Social Standards Enhancement (SPESSE) project, rating its performance satisfactory and approving additional financing to sustain its...
Borno State Governor, Professor Babagana Umara Zulum, alongside Rt. Hon. Ahmodu Umoru Fintiri of Adamawa and Hon. Mai Mala Buni of Yobe State, on Monday, paid a familiarization visit to the new World Bank Country Director for Nigeria, Mr. Matthew Verghis, in Abuja. The visit is aimed at reinforcing...
Minister of Agriculture and Food Security, Sen Abubakar Kyari has said that the $500 million loan facility from the World Bank would accelerate development in the agriculture ecosystem in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda in the Agricultural sector. The Minister made this known during the...
By JOHN ONAH, Abuja Nigeria has initiated moves to secure $150 million in development funding from the World Bank for the implementation of the Africa Centres of Excellence, ACE, Innovate Project. The initiative, which is aimed at sustaining cutting-edge research and innovation in Nigerian universities, is the next phase...
A conclave of diverse economists have recently been crowing about the prospects of recovery in the Nigerian economy. It is not strange. Professional economics is a variant of madness. A mad man may have no compass indicating where he is coming from or where he is headed. But he...
National Emergency Management Agency (NEMA) in partnership with the World Bank Group and the Borno State Emergency Management Agency, SEMA on Monday held a stakeholders Engagement on Emergency Preparedness and Response (EP&R) in Maiduguri the State capital. The event, which is aimed at boosting disaster management capacity in Borno,...
World Bank Group is rolling out a new strategic roadmap aimed at mobilising private capital and accelerating job creation, particularly in developing economies. Speaking during a plenary session at the institution’s Annual Meetings in Washington, President Ajay Banga announced the development of the IFC2030 Strategy, designed to unlock greater...
All Progressives Congress (APC) said it is heartened by global acclaim of President Bola Tinubu’s economic reforms that are yielding extraordinary results, and signaling that Nigeria now stands on the cusp of prosperity of a kind never before seen in our history. National Publicity Secretary of APC, Felix Morka,...
By DAVID IORJA, Abuja- Central Bank of Nigeria (CBN) Governor, Mr Olayemi Cardoso, will lead Nigeria’s delegation to the World Bank and International Monetary Fund Annual Meeting in Washington DC, which opens on Monday, October 13. A statement issued by the presidential spokesman, Bayo Onanuga, said Cardoso, as the...
On Saturday, Ghanaian President John Mahama equipped the Buzstop Boys, a dedicated sanitation group, with a major donation of tools. The contribution includes hundreds of wheelbarrows, shovels, brooms, gloves, and brushes to bolster their cleanup efforts nationwide, with a special focus on maintaining cleanliness in the capital city...
Federal Government, in collaboration with the World Bank, has evaluated the performance of Independent Verification Agents (IVAs) to pave the way for a $500 million reimbursement to stakeholders of the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) 2.0 Programme, covering all 36 states and the Federal Capital...
Dynamic leader of South Africa’s Economic Freedom Fighters (EFF), Julius Malema, has delivered a powerful address at the Nigerian Bar Association (NBA) Annual General Conference in Enugu on Sunday, August 24, 2025. He called on African nations to regulate loans from international financial institutions like the World Bank and...
The national Summit on Nutrition and Food Security organized by Nigeria’s House of Representatives entered its third day in Abuja on Thursday with various critical stakeholders and professionals offering suggestions on how to increase food production and combat hunger in Africa’s most populous nation. With its theme as “Curbing...
By AMOS MATHEW, Kaduna – Kaduna State Government is set to go into partnership in bringing together global development partners, government agencies, and education stakeholders to co-create a homegrown and inclusive education model. To achieve this desired goal, the state government is to host a high-level international education summit,...
By JOHN ONAH, Abuja – Kogi State Government has said it is accelerating reforms under the $750 million World Bank-supported SABER programme aimed at improving ease of doing business across the 36 states of the federation. Governor Ahmed Usman Ododo stated this while playing host to a one-day strategic...
By EMMANUEL KUJE, Abuja- Oilserv Limited, the contractor handling the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project, has successfully crossed the River Niger using the Horizontal Directional Drilling (HDD) special technique. This milestone marks a significant achievement in the 614km natural gas pipeline project designed to transport gas for power generation,...