Nigeria’s quest to close critical manpower gaps in procurement, environmental and social standards has received a major boost as the World Bank has given a strong nod to the Sustainable Procurement, Environmental and Social Standards Enhancement (SPESSE) project, rating its performance satisfactory and approving additional financing to sustain its...
world bank
Borno State Governor, Professor Babagana Umara Zulum, alongside Rt. Hon. Ahmodu Umoru Fintiri of Adamawa and Hon. Mai Mala Buni of Yobe State, on Monday, paid a familiarization visit to the new World Bank Country Director for Nigeria, Mr. Matthew Verghis, in Abuja. The visit is aimed at reinforcing...
Minister of Agriculture and Food Security, Sen Abubakar Kyari has said that the $500 million loan facility from the World Bank would accelerate development in the agriculture ecosystem in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda in the Agricultural sector. The Minister made this known during the...
By JOHN ONAH, Abuja Nigeria has initiated moves to secure $150 million in development funding from the World Bank for the implementation of the Africa Centres of Excellence, ACE, Innovate Project. The initiative, which is aimed at sustaining cutting-edge research and innovation in Nigerian universities, is the next phase...
A conclave of diverse economists have recently been crowing about the prospects of recovery in the Nigerian economy. It is not strange. Professional economics is a variant of madness. A mad man may have no compass indicating where he is coming from or where he is headed. But he...
National Emergency Management Agency (NEMA) in partnership with the World Bank Group and the Borno State Emergency Management Agency, SEMA on Monday held a stakeholders Engagement on Emergency Preparedness and Response (EP&R) in Maiduguri the State capital. The event, which is aimed at boosting disaster management capacity in Borno,...
World Bank Group is rolling out a new strategic roadmap aimed at mobilising private capital and accelerating job creation, particularly in developing economies. Speaking during a plenary session at the institution’s Annual Meetings in Washington, President Ajay Banga announced the development of the IFC2030 Strategy, designed to unlock greater...
All Progressives Congress (APC) said it is heartened by global acclaim of President Bola Tinubu’s economic reforms that are yielding extraordinary results, and signaling that Nigeria now stands on the cusp of prosperity of a kind never before seen in our history. National Publicity Secretary of APC, Felix Morka,...
By DAVID IORJA, Abuja- Central Bank of Nigeria (CBN) Governor, Mr Olayemi Cardoso, will lead Nigeria’s delegation to the World Bank and International Monetary Fund Annual Meeting in Washington DC, which opens on Monday, October 13. A statement issued by the presidential spokesman, Bayo Onanuga, said Cardoso, as the...
On Saturday, Ghanaian President John Mahama equipped the Buzstop Boys, a dedicated sanitation group, with a major donation of tools. The contribution includes hundreds of wheelbarrows, shovels, brooms, gloves, and brushes to bolster their cleanup efforts nationwide, with a special focus on maintaining cleanliness in the capital city...
Federal Government, in collaboration with the World Bank, has evaluated the performance of Independent Verification Agents (IVAs) to pave the way for a $500 million reimbursement to stakeholders of the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) 2.0 Programme, covering all 36 states and the Federal Capital...
Dynamic leader of South Africa’s Economic Freedom Fighters (EFF), Julius Malema, has delivered a powerful address at the Nigerian Bar Association (NBA) Annual General Conference in Enugu on Sunday, August 24, 2025. He called on African nations to regulate loans from international financial institutions like the World Bank and...
The national Summit on Nutrition and Food Security organized by Nigeria’s House of Representatives entered its third day in Abuja on Thursday with various critical stakeholders and professionals offering suggestions on how to increase food production and combat hunger in Africa’s most populous nation. With its theme as “Curbing...
By AMOS MATHEW, Kaduna – Kaduna State Government is set to go into partnership in bringing together global development partners, government agencies, and education stakeholders to co-create a homegrown and inclusive education model. To achieve this desired goal, the state government is to host a high-level international education summit,...
By JOHN ONAH, Abuja – Kogi State Government has said it is accelerating reforms under the $750 million World Bank-supported SABER programme aimed at improving ease of doing business across the 36 states of the federation. Governor Ahmed Usman Ododo stated this while playing host to a one-day strategic...
By EMMANUEL KUJE, Abuja- Oilserv Limited, the contractor handling the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project, has successfully crossed the River Niger using the Horizontal Directional Drilling (HDD) special technique. This milestone marks a significant achievement in the 614km natural gas pipeline project designed to transport gas for power generation,...
Nigeria’s nutrition and early childhood development (ECD) landscape came into sharp focus this week with the release of a new country report based on the General Household Survey – Panel (Wave 5). The report, “Early Childhood Development in Nigeria: A Country Report on Early Childhood Development using the General...
By CALLISTUS OFFOR, Abuja- The Director General of the Nigeria Centre for Disease Control (NCDC), Dr. Jide Idris, has emphasized the urgent need for regional collaboration to combat public health threats across Western and Central Africa. Dr. Idris made the call while declaring open a pivotal Health Security Program...
World Bank has cut its global growth forecast for 2025 to 2.3%, citing mounting trade tensions and policy uncertainty, with growth forecasts being cut in nearly 70% of economies across all regions and income groups. According to the bank’s latest Global Economic Prospects report, this slowdown would mark the...
The Minister of Water Resources and Sanitation, Prof. Joseph Utsev, has urged the World Bank to increase its support for Nigeria’s plans to upgrade existing dams and develop new irrigation systems. He said the enhanced support would help advance the Federal Government’s vision of achieving food security and boosting...