Tag: World Bank
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Nigeria’s GDP per capita falls to $824, worse than 1960 levels –AfDB President Adesina
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By Olalekan Adigun The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has warned that Nigeria is facing a deeper economic regression than many realise, stating that with…
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World Bank appoints Aliko Dangote to Elite Group
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…Tasks him to drive Investment and job creations in emerging economies The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private…
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World Bank approves Nigeria’s $1.13bn loan request
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By Adebari Oguntoye The World Bank says a total of a $1.13 billion loan request from Nigeria has been approved. According to details from the bank’s website on Wednesday, three…
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Leaving No Country Behind: Africa’s Path Breaking Collective Action On Vaccines
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By Axel Van Trotsenburg World Bank’s Managing Director of Operations As the health systems of countries across Africa are put under increasing pressure by new waves of COVID-19, there…
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Ibadan Flood Control: We remain committed to World Bank-backed Project – Makinde
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…Prospect for resolution of issues high Governor ‘Seyi Makinde of Oyo State has expressed his avowed commitment to the timely completion of the World Bank-backed Ibadan Urban Flood Management Project,…
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N76bn World Bank Project: Oyo Not Losing Any Fund – Makinde’s CPS
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..says commentators are misguided The Chief Press Secretary to Governor Seyi Makinde of Oyo State, Mr. Taiwo Adisa, has dismissed claims that the state was about to lose a World…
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Countries Can Take Steps Now to Rebuild from COVID-19 – World Bank Group’s Global Economic Prospects report.
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Securing core public services, getting money directly to people and maintaining the private sector will limit the harm and help prepare for recovery WASHINGTON, June 2, 2020 – The coronavirus (COVID-19)…
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COVID-19: How the World Bank is helping countries procure critical medical supplies
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BY ENZO DE LAURENTIIS In these dire circumstances, the World Bank is stepping up its support and offering a new procurement option to help countries access critically needed medical supplies.…
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A simple way to close the multi-trillion-dollar infrastructure financing gap By Jason Zhengrong LU
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Even in the best of times, infrastructure is notoriously difficult to get right. It’s capital intensive, complicated, time-consuming to develop, and involves multiple stakeholders. Challenging environmental, social and governance (ESG)…
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Nigeria needs the IMF/World Bank debt relief, debt moratorium and debt pardon – NLC
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NIGERIA NEEDS THE IMF/WORLD BANK DEBT RELIEF, DEBT MORATORIUM AND DEBT PARDON …
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$3.4 bn facility from World Bank/IMF not a loan – Finance Minister
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$3.4BN FACILITY FROM WORLD BANK/IMF IS NOT A LOAN”- Mrs. Zainab Shamsuna Ahmed By Yunusa Tanko Abdullahi There is a misconception in the media that the Government is taking a…
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World Bank Group announces up to $12 billion immediate support for COVID-19 country response
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WASHINGTON, March 3, 2020 — As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to…
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Eliminating extreme poverty requires urgent focus on fragile and conflict-affected countries – World Bank
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People, Peace, Prosperity CONTEXT While extreme poverty is going down around the world, it is increasing in countries affected by fragility, conflict and violence (FCV). It’s estimated that by…
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Buhari Happy With World Bank Rating Of Nigeria On 2020 Doing Business Index
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President Muhammadu Buhari has expressed delight with the World Bank’s 2020 Doing Business Index (DBI) which ranked Nigeria 131 out of 190 countries, up 15 places from 146th position last…
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Insecurity: World Bank to invest $510m in Lake Chad Basin
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The World Bank is willing to invest $510m, in three tranches, in the Lake Chad Basin to address insecurity, desertification and humanitarian challenges, among others. Nigerian Minister of Finance,…
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Staying focused on better outcomes for the world’s poorest people
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Global growth remains subdued, with the pace of investment and trade softening, and downside risks persisting due to policy uncertainty, trade tensions, financial volatility, and rising debt. The World Bank…
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Nigeria: Some statistics from IMF, World Bank, are wild estimates, says Buhari as he inaugurates Economic Advisory Council
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President Muhammadu Buhari Wednesday in Abuja administered oaths of office on members of the newly constituted Presidential Economic Advisory Council (PEAC), and also set an agenda of what they…
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Ekiti To Benefit From World Bank Rural Access & Agric Marketing Project
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The World Bank has said Ekiti would soon join the list of states that will benefit from the Rural Access and Agricultural Marketing Project (RAAMP) in year 2020. Engr. Fahard…
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Malaysia’s need for speed: How regulatory action is unleashing ultrafast Internet
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With new regulatory reforms in place, Malaysia is set to benefit from faster Internet connections for all its citizens, closing the gap in Internet speed with leading countries. In Malaysia,…
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World Bank investments in Nigeria hit $11 billion
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The World Bank Country Director for Nigeria, Mr. Rachid Benmessaoud, has said the bank’s net portfolio commitment to the country currently stood at over $11 billion, with 30 operational projects…