World Bank lauds Ondo’s medical project
World Bank has rated Ondo State high on Performance-Based Financing (PBF) in the ongoing Nigeria State Health Investment Project (NSHIP) in the country, especially on the improvement of maternal and child health service quality and outcomes.
World Bank support to Nigeria energy sector hits $3billion
The World Bank on Tuesday disclosed that its contribution to the Nigeria's national electrification projects in support of the energy sector has grown in portfolio to over $3billion. The Bank said it is contributing $350million to these projects of which $150million is channelled to mini-grids, as part of its support to boosting access to electricity.…
World Bank report raises concern on states’ rising debt stock
A new World Bank report on Nigeria has raised concerns on fiscal pressures of state governments arising from revenue shortfalls.
UN, World Bank plan roadmap for sustainable climate finance
The United Nation’s (UN) top environmental body and the World Bank Group have released data to help governments and the private sector design a global financial system that is fit-for-purpose.
‘If it’s for common good, nothing bad in godfather politics’
Former governor of Anambra State and acclaimed estranged godfather of incumbent governor, Willie Obiano of the All Progressives Grand Alliance...
Senate approves $350m World Bank loan for Ogun, okays N222b as FCT 2017 budget
The Senate yesterday approved the request by Ogun State government to borrow $350 million from the World Bank through the State Development Policy Operation (DPO).
‘Landmark infrastructure conceived by Oando jetty to impact economy positively’
The World Bank established that a target of $93billion annually is required to meet the infrastructural needs of sub-Saharan Africa. This lack of infrastructure makes it difficult for African markets to grow sustainably.
Restrictions on foreign banks affect growth, says World Bank
The rising level of restrictions imposed on foreign banks operating in developing countries has been assessed as an impediment to growth in those countries, the World Bank Group has said.
When not to contract external loans
Well. Buhari made a second loan request amounting to $2.5 billion for the financing of the deficit and capital projects in the 2017 budget. China is generally regarded as the source of the loan.