The Gombe State government has signed a N12 billion contract with Triacta Nigeria Limited for a 21-kilometre gully erosion control works in six communities within Gombe metropolis. The contract signing ceremony, which took place in Gombe on Wednesday between the state government and Triacta, was witnessed by Gov....
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The World Bank says Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme is doing well in addressing poverty in the country. Prof. Foluso Okunmadewa, World Bank Task Team Leader for NG-CARES, stated this in an interview with newsmen on the sidelines of Mid-Term Review Mission meeting held...
The World Bank has come under criticism from Ugandan opposition leader Robert Kyagulanyi, alias Bobi Wine, for selectively championing gays rights and ignoring others. On August 8, 2023, the global lender halted new loans for Uganda’s development projects, following the country’s enactment of Anti-homosexuality Act, 2023. The move will affect...
The World Bank/Federal Government Agro-Processing, Productivity Enhancement and Livelihoods Improvement Support (APPEALS), Project, says the project has lifted over 55,000 Nigerians out of poverty. Mr Mohammed Jobdi, the National Project Coordinator of APPEALS disclosed this during the inspection of the level of implementation of the project in Enugu State on...
Gov. Peter Mbah of Enugu State has pledged his administration’s commitment to sustain World Bank/Federal Government Agro-Processing, Productivity Enhancement and Livelihoods Improvement Support (APPEALS), Project in the state. Mbah made the pledge when the World Bank, FG, and APPEALS teams paid him a courtesy visit at Government House, Enugu...
The World Bank has provided one billion dollars to strengthen resilience and improve the livelihood of the people in the countries affected by the insurgency in the Lake Chad. The bank’s Country Manager for Chad, Mr Rasit Pertesv, made this known on Thursday during the Fourth Lake Chad Governor’s...
The World Bank said on Tuesday that it planned to commit additional 750 million dollars to deepen Nigerians access to electricity through the Nigeria Electrification Project (NEP).o of Ms Elizabeth Huybens, the World Bank’s Director of Strategy and Operations for Western Central African Region, said this while inspecting the 60...
The World Bank has approved a fresh $500 million loan for Nigeria to help improve the livelihood of women in Nigeria. Disclosing this in a statement, the World Bank said, “it has approved $500 million for Nigeria for Women Program Scale Up (NFWP-SU). The scale-up financing will further support...
No fewer than 6,062 farmers in Lagos State have received agricultural inputs and production assets from the Nigeria COVID-19 Action Recovery and Economic Stimulus (N-CARES) programme, a World Bank supported project. Mr Jonathan Obayemi, State Project Coordinator, Lagos N-CARES, stated this at the distribution exercise in Alimosho Local Government...
High interest rates and the Russian war in Ukraine continue to significantly slow global economic growth, according to a new report from the World Bank. Following growth of 3.1 per cent last year, the global economy would slow to 2.1 per cent in 2023, the World Bank said on...
The Minister of State for Budget and National Planning, Prince Clem Agba says that the World Bank has extended the federal government’s COVID-19 Action Recovery and Economic Stimulus (NG CARES) Programme by 12 months. Agba, represented by Rev. Aso Vakporaye, the Chairman, Federal CARES Technical Committee disclosed this at...
By EMMANUEL KUJE, Abuja – The Human and Environmental Development Agenda (HEDA Resource Center) has strongly criticized the World Bank Country office in Nigeria, for its engagement with practices that is considered illegal under Nigeria’s legal regime, relating to borrowing and indebtedness. The Bank in its engagement with some Civil...
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP), has urged the World Bank President, Mr David Malpass, to use his “good offices to suspend any disbursement of the $800m loan to the Federal Government and to request the incoming administration to provide satisfactory explanations for the...
Prof. Foluso Okunmadewa, the World Bank Task Team Leader for Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), says the programme is on the right track in supporting the poor and vulnerable groups in the country. Okunmadewa stated this on Monday in Abuja, at a Ministerial Town Hall Meeting...
As competition for skilled workers continues to rise globally, while populations in rich and middle-income countries age, the World Bank says migration can be a powerful force for prosperity and development if managed properly. This is contained in a new report from the World Bank, which also states that...
The World Bank on Friday released its 2023 Logistics Performance Index (LPI) report, urging developing economies to boost their economic growth through improvements in logistics for goods transportation. The report is a measure of countries’ ability to move goods across borders with speed and reliability. This is contained in...
The Global Sovereign Debt Roundtable (GSDR), on Wednesday discussed debt sustainability and debt restructuring challenges and ways to address them. This is contained in a statement issued by the International Monetary Fund (IMF) Press Centre, a copy of which was obtained by the News Agency of Nigeria(NAN) in Abuja....
In recent times, the media has been awash with news about the huge debt burden that the incoming government would inherit from the President Muhammadu Buhari administration. This started after Buhari signed the 2023 budget of 21.83 trillion Naira into law in December, 2022, and said the country could...
Eight hundred and fifty million people across the world do not have proof of identity, with half of the number being people in Sub -Saharan Africa, an official of the World Bank, Mr Christian Bodewig, said on Wednesday. Bodewig is Practice Manager for Social Protection and Jobs, West and Central Africa,...
A new World Bank report says economic growth in Sub-Saharan Africa (SSA) is set to slow from 3.6 per cent in 2022 to 3.1 per cent in 2023. This is contained in a statement issued by the World Bank on the latest Africa’s Pulse, the World Bank’s April 2023...