Anambra State Governor, Chukwuma Soludo has said his administration pulled out of an existing loan arrangement with the World Bank to save the state from “debt overhang”. Soludo said this while addressing members of the Late Sen. Ifeanyi Ubah Media team, who were on inspection of the ongoing Government...
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By JOHN ONAH, Abuja – Kogi State Government is set to benefit from a $500 million World Bank-assisted fund allocated across the 36 states of the federation and the Federal Capital Territory, Abuja to enhance access to high-quality basic education and primary healthcare services. The Kogi State Commissioner for...
A new World Bank report has revealed a steady rise in the adoption of Nature-Based Solutions (NBS) projects in Sub-Saharan Africa (SSA) to promote green and resilient development. This was stated in a press release obtained from the World Bank on Thursday by the News Agency of Nigeria (NAN)....
Zamfara State Governor, Dauda Lawal has assured the World Bank that his administration is gradually winning the war against banditry. This is contained in a statement by Lawal’s media aide, Suleiman Idris on Saturday in Gusau. Idris said Lawal gave the assurance when he visited the World Bank office...
) The World Bank has announced that it has earmarked 1.2 billion dollars for investment in girls’ education across 18 states. The states include; Borno, Ekiti, Kebbi, Kaduna, Plateau, Katsina, Kano, Adamawa, Kogi, Nasarawa, Niger, Bauchi, Jigawa, Yobe, Kwara, Gombe, Sokoto and Zamfara. The World Bank Country Director, Mr...
By CHRISTIANA LOT, Jos – The Plateau State Government has launched the Nigeria Solar for Health Project (NISHP) to equip 25 Primary Healthcare Centres (PHCs) across its 17 Local Government Areas with solar energy. This collaboration with the European Union (EU) marks a significant step in Governor Caleb Mutfwang’s...
By SADIQ ABUBAKAR, Maiduguri – Seven newly constructed landmark projects, including two housing estates, three schools, and a 1.2 km dual carriage way, executed by Borno State Governor Babagana Zulum have been commissioned. Nigeria’s World Bank’s representative, Dr Ndiame Diop, commissioned the two senior and one junior secondary schools;...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Babagana Zulum has called on the World Bank to assist in reconstructing bridges destroyed by recent flooding and dredging the silted Alau Dam. Zulum made the request during a courtesy visit by the World Bank Country Director for Nigeria, Dr. Ndiame...
The Transmission Company of Nigeria (TCN) has said it is expanding its capacity nationwide with a $200m World Bank project to ensure sufficient electricity supply. The Managing Director, TCN, Mr Sule Abdulaziz, disclosed this on Wednesday when he visited the TCN substations in Lagos and Ogun States. The News...
By IBRAHIM MOMOH, Lokoja – The Kogi State Livestock Productivity and Resilience Support Project (Kogi L-PRES), has been selected by World Bank as one of five implementing States to host Livestock Service Center (LSC). The State Project Coordinator of Kogi L-PRES, Dr. Olufemi Bolarin, disclosed this in a press...
The Federal Government has sad it will collaborate with the World Bank to provide decent jobs directly or indirectly to no fewer than 10 million youths within the next five years. Minister of Youth Development, Mr Ayodele Olawande, communicated this when he hosted the World Bank team lead by...
By EZEKIEL OBI, Abuja – Former Presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, has criticized President Bola Tinubu over the recent loan proposal. Alhaji Abubakar expressed his concerns about the World Bank’s report, which shows Nigeria as the third most indebted country to the International...
President Michael Higgins of Ireland, says Africa is likely to pay 163 billion dollars in 2024 in debt service, up from 61 billion dollars recorded in 2010. A statement by the African Development Bank (AfDB) qupted Higgins as saying this during the 2024 Kofi Annan Eminent Speakers Lecture, in...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Babagana Zulum has called for expanded collaboration with the World Bank to accelerate the state’s post-conflict recovery efforts. Governor Zulum made this call during a meeting with the newly appointed Country Director of the World Bank, Dr. Ndiame Diop, on Friday...
The World Bank has released the Nigeria Development Update report, stating that over 129 million Nigerians are currently trapped in poverty. It released the report on Thursday in Abuja as headline inflation rises, forcing millions of Nigerians into hunger. According to the global financial body, the over 129 million...
The World Bank has said it could take more than a century to eliminate poverty for nearly half the world. According to the Bank’s new Poverty, Prosperity, and Planet Report released on Tuesday, this accounts for people who live on less than 6.85 dollars per day. A statement issued...
The World Bank says 26 poorest countries worldwide “are deeper in debt than at any other time since 2006,” while being increasingly vulnerable to natural disasters and other catastrophes. In its analysis, the World Bank found that these 26 nations, which have an annual per capita income of less...
Nigeria is facing a worsening food security crisis, with over one million additional people experiencing severe food insecurity in 2024 compared to the previous year, according to a report by the World Bank. The recently released Food Security Update Report highlights that countries like Nigeria, Ethiopia and Yemen have...
The World Bank has approved a 500 million dollar loan to support the Sustainable Power and Irrigation for Nigeria (SPIN) project aimed at reducing climate-induced challenges. Mr Chakib Jenane, World Bank’s Regional Director, Sustainable Infrastructure Development for West and Central Africa, announced this during a visit to Water Resources...