World Bank approves $486m to boost electricity in Nigeria
The World Bank has approved $486million credit and scale up facility to boost electricity in Nigeria. The Senior Communications Officer, Nigeria, Olufunke Olufon, disclosed this in a statement. He said the International Development Association (IDA) facility is for the rehabilitation and upgrading of electricity transmission substations and lines. The fund, which is under the Nigeria…
World Bank approves $486m credit to Nigerian power grid work
World Bank has approved a 486 million dollars credit facility to Nigeria for electricity grid improvements, the lender said on Friday.
World Bank trains staff of 11 MDAs on mineral resources support system
World Bank, in conjunction with Ministry of Mines and Steel Development, has organised an advanced course on Mineral Resources Decision Support System for staff of 11 Ministries, Departments and Agencies (MDAs). The training is aimed at growing the capacity of workers and makes them focal points of a web-based decision support system that would help…
Development partners unveil new framework for eco-industrial parks
Three development organizations have joined forces to create a new framework defining the key elements of eco-industrial parks, setting up a common understanding of how to promote...
European Union, World Bank earmark N60b for resettlement projects in Borno
The European Union and World Bank have earmarked N60 billion to execute rehabilitation, resettlement and livelihoods projects by FAO and eight other implementing partners in Borno State.
Ethiopia rejects World Bank mediation in Nile water dispute
Ethopia’S Prime Minister Hailemariam Desalegn has rejected a call by Egypt for World Bank arbitration in a dispute over a hydroelectric dam Addis Ababa is building along its share of the Nile. The two countries are at odds over the construction of the Grand Ethiopian Renaissance Dam; with Cairo fearing the project would restrict waters…
World Bank supports sub-Sahara Africa with $10b
The World Bank and ECOWAS Commission have concluded a high-level consultation event on Regional Integration, as a possible catalyst to reignite Africa’s economic growth engine.
After a bleak 2017, what hope for Nigeria in 2018?
2017 was bleak; blighted by inflation, recession, government prevarication on important decisions, an insincere war on corruption, uptick in Boko Haram attacks (mostly on soft targets) and needless pastoral conflicts. The gloom that the year represented was accentuated by the promise that heralded it. At the beginning of the year, the Muhammadu Buhari administration had…