World Bank
1 day ago
After reviewing the progress made by Nigeria in issuing the National Identification Number (NIN), the World Bank has set a new target of 180 million from the initial 148 million under the Digital Identity for Development (ID4D) project. The World Bank, acknowledging Nigeria's progress, emphasized that efforts must be intensified to ensure the project's success.…
2 days ago
The Federal Government will provide $1 billion, half of the $2 billion required to deliver the country’s 90,000-kilometre fibre project.
20 Dec
The Federal Government has met with the World Bank in its bid to advance the solid minerals sector in Nigeria. The Minister of Solid Minerals Development Dr. Dele Alake disclosed the FG's plan to improve the sector in a post on his official X account on Thursday after a meeting with the officials of the…
15 Dec
The Federal Government has secured a $500 million facility from the World Bank for the scale-up of the Rural Access and Agricultural Marketing Project (RAAMP) across states of the federation. The federal and participating state governments are expected to pay a counterpart fund of $100 million to further increase the reach of the project. The…
12 Dec
Delta State Governor, Sheriff Oborevwori, has issued a scathing critique of the economic policies implemented by President Bola Tinubu’s administration, accusing them of plunging Nigerians deeper into hunger, poverty, and unemployment, while turning Nigeria into the global poverty capital. In a statement signed by his Executive Assistant on New Media, Felix Ofou, Oborevwori highlighted the…
12 Dec
The Federal Government said it is negotiating a $500 million loan facility from the World Bank to implement the Human Capital Opportunities for Prosperity and Equity (HOPE) project.
11 Dec
The Federal Government says it is negotiating a $500 million loan facility from the World Bank for the Human Capital Opportunities for Prosperity and Equity (HOPE) project in the country. Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu disclosed this during a courtesy visit to him by the International Monetary Fund (IMF) Mission…
11 Dec
The Rural Access and Mobility Project (RAMP), a World Bank-funded project, is to construct 534 kilometres of rural roads across Benue to facilitate the transportation of agricultural produce. The State Project Coordinator (SPC), Mr Stephen Numbeve, made the disclosure in an interview with the News Agency of Nigeria (NAN) on Wednesday in Makurdi. Numbeve said…
3 Dec
Developing countries spent a record $1.4 trillion to service their foreign debts, as their interest climbed to a 20-year high in 2023, the World Bank’s latest International Debt report has shown.
25 Nov
Understandably, the economic reforms of the Federal Government under President Bola Tinubu have attracted mixed reactions from sections of the populace. While some feel that the government is getting it wrong, others believe that time will eventually vindicate
25 Nov
Political or governance norms assist or hinder economic performance of a nation. These norms include transparency, equity or fairness, rule of law, participation, responsiveness subsidiarity and accountability to mention a few.
22 Nov
The Federal Government has said it will collaborate with the World Bank to expand Nigeria's credit support funds by 50 million dollars to reach more young people, including businesses led by going women, people with disabilities, and young rural dwellers. Minister of Youth Development, Comrade Ayodele Olawande, who communicated this when he hosted the World…
Latest
2 mins ago
Gov. Inuwa Yahaya of Gombe State has urged Nigerians to use the occasion of the Christmas to pray for the country, to enable President Bola Tinubu administration’s to succeed in transforming Nigeria to prosperity. This is contained in a statement on Tuesday by Ismaila Uba-Misilli, Director-General, Press Affairs, Gombe Government House, to felicitate with Christians…
9 mins ago
INTERPOL has published Red Notices for 14 Nigerian nationals wanted across several countries for crimes including human trafficking, drug smuggling, and organised fraud. These individuals are accused of participating in criminal activities spanning multiple continents, highlighting the international dimension of such offences involving Nigerian suspects. Felix Omoregie, one of the suspects, is wanted by Belgian…
10 mins ago
Mrs. Bimbola Salu-Hundeyin, the Secretary to the Lagos State Government has tasked the military and paramilitary on innovations to ensure a safer city. Salu-Hundeyin gave the charge at the Quarterly Meeting with the Military, Police Community Relations Committee (PCRC) and Secretaries to the Local Government Areas and Local Council Development Areas (Scribes 57) in Ikeja.…
12 mins ago
The Imo Government has urged its youths to avoid the tendency to abuse drugs and other substances while celebrating Christmas. This is contained in a statement by Gov. Hope Uzodinma’s Special Adviser on Narcotics and Illicit Drugs Monitoring, Chief Ezechukwu Obonna in Owerri on Wednesday. The News Agency of Nigeria (NAN) recalls that Obonna, who…
21 mins ago
American rapper Kendrick Lamar, also known as K.Dot, has closed out 2024 with a bang by topping Billboard’s list of Greatest Pop Stars of the Year. Andrew Unterberger of Billboard hailed Lamar’s achievements, noting that his hit song Not Like Us and other captivating releases this year showed fans just how much he could still bring to the…
22 mins ago
Gov. Chukwuma Soludo of Anambra, has urged Nigerians to demonstrate selfless love to one another and keep hope alive in the face of challenges during the Christmas season. Soludo, while making the call in his Christmas message signed by his Press Secretary, Mr Christian Aburime on Wednesday, rejoiced with residents, especially Christians, on their celebration…
25 mins ago
The Gombe state government says it will spend N32.24 billion on payment of workers salaries in the 2025 fiscal year. Malam Muhammad Magaji, Commissioner for Finance and Economic Development, stated this during the 2025 budget breakdown exercise, on Tuesday in Gombe. The News Agency of Nigeria (NAN) reports that Gov. Inuwa Yahaya on Monday assented…
27 mins ago
An Azerbaijan Airlines passenger jet with 67 people on board crashed on Wednesday in western Kazakhstan after veering from its scheduled route, officials said. Kazakh authorities said 28 people had survived the crash of the Embraer 190 near the city of Aktau, an oil and gas hub on the eastern shore of the Caspian Sea.…
31 mins ago
Some travellers in Akwa Ibom have expressed displeasure over the high cost of transportation during the Christmas season. A News Agency of Nigeria (NAN) checks around major motor parks in Uyo metropolis revealed that many transport companies have increased their fares. NAN reports that the cost of transportation witnessed a huge increase compared to what…
43 mins ago
President of the Nigerian Bar Association (NBA), Mr Afam Osigwe (SAN), has urged Nigerian lawyers to cherish gains of the profession over the years as the world celebrated Christmas. Osigwe made this known in a Christmas message on Wednesday. He noted that the christmas season invited us to pause, reflect, and reconnect with our loved…