The World Bank has said that economic growth in Nigeria is being threatened by certain macroeconomic challenges, including dollar shortage, petrol subsidy and the fiscal deficit financing by the Central Bank of Nigeria. The bank disclosed this in its Nigeria Development report, which was released on Tuesday. The report...
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The Governor of Kaduna State, Malam Nasir El-Rufai, has said the state governments are ready to support the Federal Government in the elimination of fuel subsidy regime. El-Rufai gave the assurance on Tuesday in Abuja, at the presentation of the World Bank Nigeria Development Update, November 2021 edition titled...
The project monitoring committee in Ikot-Nkebre community in Calabar Municipality has appealed to the World Bank not to abandon their erosion work at the Agro-field and the community road that was destroyed while reclaiming the gully in the community. Speaking to journalists in Calabar, Mr Emmanuel Ewa, Secretary of...
Afghanistan’s acting Foreign Minister Amir Khan Muttaqi has written an open letter to U.S. Congress, calling on the United States to unfreeze Afghanistan’s assets, the ministry confirmed in a statement on Wednesday. “Despite the fact that following the signing of the Doha Agreement in February 2020, we no longer...
The Bauchi state government is poised to access N30billion grant from the World Bank, to address the state’s myriad environmental challenges, Kabir Ibrahim, The Director-General of the state Environmental Protection Agency (BASEPA) has said. Ibrahim told the News Agency of Nigeria (NAN) in an interview in Bauchi, on Sunday,...
The Governor of Borno State, Babagana Zulum on Thursday laid the foundation stone of 2,275 length township road and drainage system in Gwoza Local Government Area of the state. The construction work is to be handled by Nigeria Erosion and Watershed Management Project (Newmap) which is being funded jointly...
The Federal Government in collaboration with the World Bank Assisted Mineral Sector Support for Economic Diversification (MinDiver) Project has begun a National training programme on Jewellery making for 40 Nigerian youths. Mr Olamilekan Adegbite, Minister of Mines and Steel Development (MMSD) made this known at the Gemstone and Jewelry...