The World Bank Group’s Board of Executive Directors announced that Ajay Banga, a U.S. national, was the only nominee for the position of the next President of the bank. This is contained in a statement issued by the World Bank in Abuja on Friday. “The World Bank Group’s Board...
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A new World Bank report says the global economy’s “speed limit” is set to drop to a three-decade low by 2030. The” speed limit” is the maximum long-term rate at which the economy can grow without sparking inflation. This is contained in a statement issued by the World Bank,...
A new World Bank report says accelerating the use of digital technologies is key to creating productive jobs and boosting economic growth in Africa. This is contained in a statement issued by the World Bank, a copy of which was obtained by the News Agency of Nigeria (NAN) in...
By CALLISTUS OFFOR, Abuja – The Minister of Communications and Digital Economy of Nigeria, Professor Isa Ali Ibrahim Pantami, had meetings at Space Exploration Technologies Corporation (Space X) headquarters in Hawthorne, California, as well as a meeting at the World Bank Headquarters and another meeting with Google Corporation in...
The debate on climate change is among the most presently discussed topics on the surface of the earth. All these years, I have, going by the commentaries from the Western world believed that Africa’s non commitment to the call for global action on climate change was responsible for the...
The World Bank Group says it has designed an innovative initiative to accelerate electrification in Africa to achieve universal access by 2030. This is contained in a statement obtained from the World Bank website on Wednesday in Abuja by the News Agency of Nigeria (NAN). According to the bank,...
By JOHN ONAH, Abuja – Participants at the national conference on out-of-school children in Nigeria have called for political will, consistency in policy delivery and good leadership in tackling the Out-Of-School Children (OOSC) menace confronting the nation. The stakeholders also called for adequate and consistent funding as well as...
Mr Abebe Selassie, the Director, International Monetary Fund (IMF), African Department, says tackling food insecurity should be the first policy priority for government in Sub-Saharan Africa (SSA). Selassie said this in his opening remarks at the News Conference on the October Regional Economic Outlook for SSA at the IMF/World...
United Nations agencies on Wednesday said severe drought followed by floods has led to rocketing food prices and left a record of 2.1 million people acutely hungry in Chad. The United Nations children’s fund said as a result of the climate disaster, 10 per cent of all children under...
Lagos State Government says it has sought collaboration with World Bank for rapid delivery of technology-driven and affordable mass housing schemes in the state. This is contained in a statement issued by Spokesperson of the state Ministry of Housing, Mrs Adeola Salako, on Sunday in Lagos. Salako quoted the...
The World Bank says African Government urgently need to restore Macroeconomic stability and protect the poor in a context of slow growth and high inflation. This is contained in a statement obtained from the World Bank website on Tuesday in Abuja by the News Agency of Nigeria (NAN). The...
The World Bank has approved 750 million dollars for the Nigeria State Action on Business Enabling Reforms (SABER) Programme-for-Results. This is contained in a statement obtained by the News Agency of Nigeria (NAN) from the World Bank website on Friday in Abuja. The statement said the 750 million dollars...
The Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), has expressed confidence in the commitment of 36 states and the Federal Capital Territory to utilise the 750 million dollars NG-CARES fund before June 2023. Prof. Foluso Okunmadewa, Task Team Leader (TTL) for NG-CARES, stated this is an interview with...
By PATRICK ABANG, Calabar – The World Bank in collaboration with the Nigeria Erosion and Watershed Project (NEWMAP) have warned against the indiscriminate dumping of refuse in drainage and other illegal sand mining in Cross River State. The communities which includes, Atakpa, Ikot Anwantim, Nyangasang, Lemna/ Federal Agriculture, Ikot...
Katsina State Government has awarded a N2.4 billion contract for the construction of a 24.5km road on Tuesday. The road connects Danja, headquarters of Danja Local Government Area to two rural communities, Bazanga and Nahuce. The project is expected to be completed in 18 months. Katsina State awarded the...
The Kaduna State Adolescent Girls Initiative for Learning and Empowerment (AGILE), a World Bank-supported project, on Thursday began disbursement of N102.4 million Conditional Cash Transfer (CCT) to 8,475 schoolgirls in the state. At the disbursement ceremony in Kaduna, the Project Coordinator, Mrs Maryam Dangaji, said that the CCT intervention...
…As World Bank tasks FG on data protection No fewer than two hundred and fifty stakeholders, Wednesday, unanimously gave their nod to the steps towards enacting a principal Data Protection law for Nigeria. Rising from a two-day Policy Dialogue on Nigeria’s Data Protection law, held in Abuja, the participants...
The World Bank Group says it has responded to the overlapping global crises by deploying 114.9 billion dollars in financing in 2022. This is contained in a statement obtained from the World Bank website by the News Agency of Nigeria (NAN) on Saturday in Abuja. The bank said in...
By CALLISTUS OFFOR, Abuja – The National Commission for Persons with Disabilities (NCPWD) on Wednesday said it is partnering with relevant agencies to ensure that it meets the needs of the 15% of the population of Persons Living With Disabilities (PLWD) in Nigeria. The Executive Secretary of NCPWD, Mr....
The Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), has urged the 36 states of the federation and the Federal Capital Territory (FCT) to accelerate the implementation of the programmes. Prof. Foluso Okunmadewa, the World Bank, Lead Specialist, Social Protection and Task Team Leader for NG-CARES, made the call...