Nigeria targets sub-100 on World Bank doing business ranking
The Federal Government has expressed optimism to double its target this year by moving Nigeria’s ranking to sub-100 in the 2020 World Bank Doing Business Report. It expressed more optimism following last year’s target that was surpassed, where the country moved up 24 places in the last two years, with sub-Sahara at 140, and Nigeria…
Jim Yong Kim resigns as World Bank President
World Bank President Jim Yong Kim has resigned, more than three years before his term ends in 2022, the multilateral lender disclosed yesterday.
The Atiku dream to make Nigeria work
The much-anticipated Atiku Abubakar policy document to make Nigeria Work Again has been launched and now available for public scrutiny. Alhaji Atiku Abubakar, a former customs officer, a consummate politician and successful businessman was for eight years, the Vice President of the federal republic of Nigeria (1999- 2007). Atiku has been a constant feature in…
World Bank to establish gemstone institute in Abuja
The World Bank has concluded arrangements to establish a gemstone institute in Abuja to boost the production of the commodity and the jewelry industry in Nigeria.
EU, World Bank, NAPTIP hail Edo government on campaign against human trafficking
Accolades came the way of Edo State government yesterday from the European Union (EU), the World Bank and the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) for its efforts to curb human trafficking and illegal migration in the state. The stakeholders poured the encomia at the second Roundtable Dialogue on Managing Migration…
Cross River: Communities on the brink as world bank-sponsored project stalls
The are palpable fears that the World Bank may withdraw from funding major erosion projects in Cross River State as a result of alleged arm-twisting and undue interference by vested interests. Already the N3.1b Ikot Nkebre erosion control project in Calabar Municipal Council, which was awarded to Akpaven Construction Company in 2017, has been put…
Modern forms of slavery at international day for the abolition of slavery
Who could believe that even after official abolition of slavery that slavery still exists even in this jet age? The International Labour Organisation declares that more than 40 million people are victims of modern slavery. To address this perennial problem, December 2nd has been set aside as International Day for the Abolition of Slavery. This…
FG, World Bank present commendation letter to Yobe government
The World Bank and the Federal Government on Friday presented a commendation letter to Yobe government for prompt payment of counterpart funds under the the Fadama lll Additional Funding (AF) ll programmes. The National Programme Coordinator of Fadama 111, Mr Tayo Adewumi, represented by Alhaji Ibrahim Alkali, National Desk Officer and Mission Team Leader to…
Nigeria’s economy is bleak, says World Bank
The World Bank has said that Nigeria’s Gross Domestic Product (GDP) growth is expected to hover slightly below two per cent in 2018, largely driven by non-oil industry and services.
Nigeria’s fiscal deficit may further widen, World Bank warns
Increased pre-election expenditure and sustained revenue shortfalls may further widen Nigeria’s fiscal deficit this year, the World Bank has warned.