World Bank
2 days ago
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…
14 Nov
The Federal Government is set to partner with the World Bank to develop a National Land Digital System to ensure transparency, efficiency, and accessibility of land transactions. Minister of Housing and Urban Development, Ahmed Dangiwa, stated this during the meeting with state commissioners responsible for lands and housing matters in Gombe State. Dangiwa also said…
13 Nov
Katsina State Government is set to expend N20 billion on an extensive water infrastructure project under the World Bank-funded Nigeria Sustainable Urban and Rural Water Supply and Sanitation (SURWASH) programme. The state Commissioner of Water Resources, Dr Bashir Saulawa, who stated this while speaking with newsmen yesterday, said the state government has already invested ₦5…
11 Nov
Recently, the World Bank and International Monetary Fund (IMF) have been in the news arguably for the wrong reason. According to these institutions, the economic reforms being carried out by Nigeria’s economic managers
11 Nov
Disturbed by the continued environmental degradation occasioned by gully erosion in some parts of the state, Governor Abba Kabir Yusuf has renewed plan to deploy necessary mechanism to address the situation.
9 Nov
Gov. Babagana Zulum of Borno, has called for closer collaboration with the World Bank to accelerate post-conflict recovery process in the state. Dauda Iliya, the Special Adviser to the governor on Media, said this in a statement on Saturday in Maiduguri. He said the governor made the call during a meeting with the newly appointed…
9 Nov
With an estimated youth population of 151 million out of a national total of slightly above 217 million, Nigeria possesses significant potential for economic growth and development, according to the Federal Ministry of Budget and Economic Planning.
7 Nov
An estimated 47 per cent of Nigerians now live in poverty or below the international poverty line of $2.15 as economic
5 Nov
The idea of monetization policy by the Nigerian Government has been described as terrible advice taken from the World Bank. Director of Abuja School of Social and Political Thought, Dr. Sam Amadi, stated this in his keynote address at the sixth annual public lecture of JustFriends Club of Nigeria held in Abuja on Tuesday. Amadi,…
31 Oct
Former Independent National Electoral Commission (INEC) Chairman, Attahiru Jega, has cautioned the Nigerian government against blindly following the advice of 'Bretton Woods institutions,' particularly the World Bank and International Monetary Fund (IMF). Jega gave this advice on Wednesday while speaking at the Chartered Institute of Directors of Nigeria's (CIoD) 2024 Annual Directors' Conference. He argued…
29 Oct
ActionAid has said that the 2024 International Monetary Fund (IMF) and World Bank Annual Meetings in Washington, D.C., were a damp squib that failed to address the growing debt crisis burden and other issues affecting people living in poverty. The organisation, in a statement, said the IMF’s forecasts of high debt and slow growth—especially among…
29 Oct
The Peoples Redemption Party (PRP) has urged President Bola Tinubu to jettison economic policies recommended by the World Bank and the International Monetary Fund. PRP stressed the need for the president to embrace homegrown measures that reflect the realities of Nigerians. The party described the twin policies of currency devaluation and removal of subsidies as…
Latest
6 mins ago
To achieve sustained economic prosperity and overcome current challenges such as foreign exchange market illiquidity, rising inflation, and sluggish economic growth, Nigeria must implement strategic measures. Specifically, the country's path to economic sustainability lies in increasing domestic production and exports and less reliance on imported goods. Economic experts unanimously agreed on this strategy, as stressed…
14 mins ago
The Chairman of the Police Service Commission (PSC), DIG Hashimu Argungu (retd), has described the rejection of a massive sum of N174 million by detectives of the Raider team from Zone 2 Command, Lagos, and the swift recovery of N10 million from some policemen from Zone 16 Command Headquarters, Yenagoa, Bayelsa State, as refreshing signposts…
20 mins ago
Mohamed Salah wants Liverpool to pile more misery on Manchester City and also deliver a hammer blow to their fading title hopes after inspiring the Premier League leaders' dramatic 3-2 win against Southampton on Sunday. Arne Slot's side moved eight points clear of second-placed City thanks to Salah's second half double at St Mary's. After…
38 mins ago
Former Edo State governor, Godwin Obaseki, has mourned the passing of the oldest Catholic priest in Nigeria, Msgr. Thomas Oleghe, describing him as a great missionary of the Catholic faith. Obaseki, in a statement by his media aide, Crusoe Osagie, said: “I am deeply saddened by the news of the passing of the oldest Catholic…
45 mins ago
An aggrieved community in Southern Kaduna has cried out to the Federal and Kaduna State governments over the activities of terrorists and kidnappers, saying that they have paid over ₦1 billion to bandits as ransom to free victims. Subsequently, the Ruruma community in the Kauru Local Government Area of Kaduna State has appealed to the…
59 mins ago
A coalition of civil society groups, non-governmental organisations, human rights activists, and other stakeholders have lamented the prevalence of Sexual and Gender-Based Violence (SGBV) in Osun State and have called for urgent actions to curb the menace. With a view to sensitising members of the public on the dangers of SGBV in society, these concerned…
2 hours ago
The President of the Nigerian Institute of Public Relations (NIPR), Dr Ike Neliaku, has called on Nigerian leaders to embrace and display the core values of honesty, integrity and selflessness in their dealings for the betterment of the country and humanity in general. Neliaku, who was represented by the NIPR Vice President, Prof. Emmanuel Dandaura,…
2 hours ago
A Development Consultant and Public Affairs Analyst, Mr Jide Ojo, says six-year single tenure and rotational presidency will not solve the challenges currently confronting Nigeria. Ojo states this on Sunday in Abuja in an interview with the News Agency of Nigeria (NAN), while reacting to the rejection of a single tenure and rotational presidency bill…
2 hours ago
Patrick Vieira was denied a winning start as Genoa manager on Sunday after a late penalty gave fellow Serie A struggles Cagliari a 2-2 away draw. Roberto Piccoli lashed home his spot-kick two minutes from the end after being fouled by Aaron Martin, snatching a point for Cagliari with his team's second penalty of the…
2 hours ago
Bayer Leverkusen's injury crisis worsened on Sunday with the news French striker Martin Terrier has a broken arm, the third blow suffered by the Bundesliga champions in three days. Terrier, 27, added to coach Xabi Alonso's worries ahead of Tuesday's Champions League match with RB Salzburg. He had already lost centre-forward Victor Boniface "for a…