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…
World Bank approves $486m credit to Nigerian power grid work
World Bank has approved a 486 million dollars credit facility to Nigeria for electricity grid improvements, the lender said on Friday.
UK’s increased collaboration with Nigerian businesses
The British Prime Minister has highlighted the need for the UK to have a ‘new, long-term approach to Africa’, one that addressees the long-term demographic and economic...
World Bank trains staff of 11 MDAs on mineral resources support system
World Bank, in conjunction with Ministry of Mines and Steel Development, has organised an advanced course on Mineral Resources Decision Support System for staff of 11 Ministries, Departments and Agencies (MDAs). The training is aimed at growing the capacity of workers and makes them focal points of a web-based decision support system that would help…
Development partners unveil new framework for eco-industrial parks
Three development organizations have joined forces to create a new framework defining the key elements of eco-industrial parks, setting up a common understanding of how to promote...
World Bank raises $14 billion for ‘economically weak’ African nations’
The World Bank Group has allocated over $14 billion to help weak economic activities in African Countries in order to meet the target of achieving its twin goals and delivering 2030 Agenda.
Ethiopia rejects World Bank mediation in Nile water dispute
Ethopia’S Prime Minister Hailemariam Desalegn has rejected a call by Egypt for World Bank arbitration in a dispute over a hydroelectric dam Addis Ababa is building along its share of the Nile. The two countries are at odds over the construction of the Grand Ethiopian Renaissance Dam; with Cairo fearing the project would restrict waters…
Abacha loot: Much ado for nothing
Nigeria must have had a swell Christmas if the provision of the Memorandum of Understanding (MoU) signed with the Swiss Federal Council and the World Bank...