World Bank
4 Jan
The Federal Government has been urged to implement reforms that would enhance the efficiency and competitiveness of Nigerian ports, as this is critical to improving the industry’s global ranking.
3 Jan
Vice President Kashim Shettima on Friday performed the groundbreaking ceremony for a World Bank-funded State Action on Business Enabling Reforms (SABER) project in Nasarawa State. According to a statement by the Spokesman/Senior Special Assistant to the President on Media & Communications (Office of the Vice President), Stanley Nkwocha, the project includes a one-stop investment centre…
24 Dec
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.…
23 Dec
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