World Bank expects global growth at 3.1 per cent
The World Bank has assured that the global economy would return a growth of 3.1 per cent in 2018, despite recent softening and headwinds.But it also warned in its June 2018 Global Economic Prospects, that after 2019, there would be a gradual slowdown over the next two years, as advanced- economies’ growth decelerates..
Africa needs another million PhD scientists to develop homegrown solutions
It’s been a recurring refrain: Africa still lags woefully behind the rest of the world in generating new scientific knowledge.
Nigeria’s GDP growth is over two per cent, says World Bank
The World Bank has said that since Nigeria emerged from recession, its Gross Domestic Product (GDP) growth in 2018 is expected to be a little over two per cent, and largely oil sector driven.
Nigeria commits $300m to eliminate malaria
The Federal Government has committed to secure US$300 million from the World Bank, Islamic Development Bank and African Development Bank to eliminate malaria in the country.
‘13 states may be denied World Bank loan if Kaduna’s approval is rejected’
Kaduna State Governor Nasir el-Rufai has said that if the state is denied the $350 million World Bank loan turned down by the Senate, 13 other states whose foreign loans had been approved may stand the risk of losing the assistance.
El-Rufai flays senators over rejection of $350m World Bank loan
Following the Senate’s refusal to assent Kaduna State’s request for $350 million World Bank loan, Governor Nasir Ahmad El-Rufai has lambasted the three Senators from Kaduna...
Senate rejects El-Rufai’s $350m World Bank loan request
The Senate on Thursday rejected the request of Governor Nasiru El-Rufa’i to secure a 35 million dollar World Bank loan for Kaduna State.
World Bank raises the alarm over learning crisis
The World Bank Group has raised alarm over looming global learning crisis, saying education is presently tilting towards schooling without learning.This was contained in the World Development Report (WDR) 2018 launched in Abuja in collaboration with the Federal Ministry of Finance and Education.
Transparency International and the bigger picture
It is no longer news that Transparency International’s recently published rankings for 2017 show that Nigeria has plummeted several places to 146th out of a total of 180 countries.
World Bank approves $486m to boost electricity in Nigeria
The World Bank has approved $486million credit and scale up facility to boost electricity in Nigeria. The Senior Communications Officer, Nigeria, Olufunke Olufon, disclosed this in a statement. He said the International Development Association (IDA) facility is for the rehabilitation and upgrading of electricity transmission substations and lines. The fund, which is under the Nigeria…