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…

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…

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.

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

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.

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…

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…

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…

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

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.

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…

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.