Federal Ministry of Finance has dismissed recent claims suggesting that Nigeria is diverting federation revenue, describing such interpretations as inaccurate and based on a misreading of the World Bank’s latest Nigeria Development Update. In a statement issued on Saturday, the Honourable Minister of State for Finance, Taiwo Oyedele, said...
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Former Labour Party presidential candidate, Peter Obi, has raised serious concerns over what he described as massive financial leakages in Nigeria, warning that the country is “bleeding from within” despite rising revenues. In a statement shared on his official X handle on Saturday, Obi cited recent World Bank reports...
Nigeria Police Force has recorded major breakthroughs in cybercrime investigations, dismantling a cross-border fraud syndicate, arresting a fake World Bank official, and apprehending two suspects over an ₦85 million Business Email Compromise (BEC) scheme. Force spokesman, DCP Anthony Placid, disclosed the developments, noting that the operations were carried out...
By TOM CHIAHEMEN – Officials of the West African Health Organisation (WAHO), are currently participating in the technical Experts’ Meeting taking place in Banjul, Republic of The Gambia, ahead of the Forum of First Ladies of SWEDD+ countries on zero tolerance of gender-based violence. The meeting brings together...
The Independent Media and Policy Initiative (IMPI) wants the President Bola Tinubu administration to use benefits that would accrue to the country from the current surge in global crude price in the aftermath of the ongoing Middle East conflict to continue to build a more resilient economy. This is...
By AMOS MATHEW, Kaduna Kaduna State has been recognised as a leading state in land administration and selected as one of the pilot states for the Nigeria Land Titling, Registration and Documentation Programme (NLTRDP). The Deputy Governor, Dr Hadiza Balarabe, disclosed this on Monday when officials from the Federal...
Global Director for the Water Global Practice at the World Bank Group, Mr.Saroj Kumar Jha, has called on universities and young researchers to play a more active role in tackling the global water crisis through innovation, research and technology. Jha made the call while delivering the 1st Sustainable Urban...
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...
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,...