World Bank to stop financing oil, gas projects from 2019
The World Bank will stop financing oil and gas exploration and extraction from 2019, it announced Tuesday at a climate summit seeking to boost the global economy's shift to clean energy.
Experts urge more economic reforms for growth
To take the economy out of secular stagnation in 2018, experts have called on the Federal Government to deepen its structural and institutional reforms and attract more participation of Multi-National Enterprises (MNE).
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.…
Taking an intelligent approach to Africa’s promising mobility revolution
Despite the continent’s transport infrastructure lagging behind global standards for decades, Africa is bracing itself for a transport revolution as more countries embrace the onset of new technology.
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.
Abia to get $25m from World Bank programme
Abia State has been selected to reap $25million from the $500million World Bank Rural Access and Agricultural Marketng Project (RAAMP) facility.
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.