World Bank
14 Dec
If Nigeria’s economy tumbles off this current cliff the next moment, it would not happen for want of sufficient early warning signs but, perhaps, for lack of the required willpower to make necessary adjustments and damn the soothsayers.
13 Dec
World Bank Lead Economist for Nigeria, Alex Sienaert, said the country’s economy is expected to grow at an average annual rate of 3.5% in 2023-2026 with the continued implementation of macroeconomic stabilization reforms. Sienaert said this in a statement on the Nigeria Development Update (NDU) report by the World Bank. The NDU is a biannual…
12 Dec
The Federal Government, through the Ministry of Solid Minerals Development, on Tuesday, explored collaboration with the World Bank to unlock financing and technical support for the development of the mining sector. Speaking during a courtesy visit to the Minister of Solid Minerals Development Dele Alake, World Bank Country Director for Nigeria, Shubham Chaudhuri expressed satisfaction…
29 Nov
The Minister of Education, Professor Tahir Mamman, has called for judicious use of the $1.2billion World Bank loan to tackle adolescent girls education in Nigeria. Professor Mamman stated this in Abuja yesterday while inaugurating the National Steering Committee of the Adolescent Girls Initiative for Learning and Empowerment (AGILE) Project. He said the programme is aimed…
28 Nov
A World Bank consultant and former Director-General of the Nigerian Institute for Social and Economic Research (NISER), Prof. Olu Ajakaiye; President of Nigeria Association of Macroeconomic Modelers (NAMM), Prof. Adeola Adenikinju; a former consultant to the Organisation of Petroleum Exporting Countries (OPEC)
27 Nov
Socio-Economic Rights and Accountability Project (SERAP) has urged World Bank President, Ajay Banga, to promptly, transparently and effectively conduct an investigation into spending of loans and other facilities by Nigeria’s 36 state governors.
10 Nov
The World Bank on Friday provided Sri Lanka $150 million to underwrite savings of millions of depositors in a move that highlights the bankrupt country's financial fragility as it recovers from a crisis last year.
2 Nov
The World Bank says it has so far disbursed over $300 million out of its $750 million commitment for the implementation of the Nigerian COVID-19 Action Recovery and Economic Stimulus (NG-CARES).
19 Oct 2023
The World Bank has urged the federal government to adopt the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) social protection programme for the distribution of the fuel subsidy removal palliatives if it is desirous of reaching the real poor and vulnerable citizens.
18 Oct 2023
To a lot of people in the developing world, and especially Sub-Saharan Africa, where desperately striving to eke a living on the World Bank’s estimation of a per capita income of $1626; and where life assumes Hobbesian dimensions - short, nasty and brutish; the phrase, circular economy, sounds, just like yet another, fanciful piece of…
15 Oct 2023
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has emerged the Chairman of the African Governors’ Forum of the World Bank.
11 Oct 2023
The World Bank, on Wednesday, expressed its vision to channel its intervention “Global South” countries to economic inclusion of women and children in the global economy. Its President, Ajay Banga, said this while addressing the press during THE 2023 Annual Meetings of the bank and IMF in Marrakech, Morocco. The News Agency of Nigeria (NAN)…