By IBRAHIM MOMOH, Lokoja – The Kogi State Livestock Productivity and Resilience Support Project (Kogi L-PRES), has been selected by World Bank as one of five implementing States to host Livestock Service Center (LSC). The State Project Coordinator of Kogi L-PRES, Dr. Olufemi Bolarin, disclosed this in a press...
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The Federal Government has sad it will collaborate with the World Bank to provide decent jobs directly or indirectly to no fewer than 10 million youths within the next five years. Minister of Youth Development, Mr Ayodele Olawande, communicated this when he hosted the World Bank team lead by...
By EZEKIEL OBI, Abuja – Former Presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, has criticized President Bola Tinubu over the recent loan proposal. Alhaji Abubakar expressed his concerns about the World Bank’s report, which shows Nigeria as the third most indebted country to the International...
President Michael Higgins of Ireland, says Africa is likely to pay 163 billion dollars in 2024 in debt service, up from 61 billion dollars recorded in 2010. A statement by the African Development Bank (AfDB) qupted Higgins as saying this during the 2024 Kofi Annan Eminent Speakers Lecture, in...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Babagana Zulum has called for expanded collaboration with the World Bank to accelerate the state’s post-conflict recovery efforts. Governor Zulum made this call during a meeting with the newly appointed Country Director of the World Bank, Dr. Ndiame Diop, on Friday...
The World Bank has released the Nigeria Development Update report, stating that over 129 million Nigerians are currently trapped in poverty. It released the report on Thursday in Abuja as headline inflation rises, forcing millions of Nigerians into hunger. According to the global financial body, the over 129 million...
The World Bank has said it could take more than a century to eliminate poverty for nearly half the world. According to the Bank’s new Poverty, Prosperity, and Planet Report released on Tuesday, this accounts for people who live on less than 6.85 dollars per day. A statement issued...
The World Bank says 26 poorest countries worldwide “are deeper in debt than at any other time since 2006,” while being increasingly vulnerable to natural disasters and other catastrophes. In its analysis, the World Bank found that these 26 nations, which have an annual per capita income of less...
Nigeria is facing a worsening food security crisis, with over one million additional people experiencing severe food insecurity in 2024 compared to the previous year, according to a report by the World Bank. The recently released Food Security Update Report highlights that countries like Nigeria, Ethiopia and Yemen have...
The World Bank has approved a 500 million dollar loan to support the Sustainable Power and Irrigation for Nigeria (SPIN) project aimed at reducing climate-induced challenges. Mr Chakib Jenane, World Bank’s Regional Director, Sustainable Infrastructure Development for West and Central Africa, announced this during a visit to Water Resources...
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and appropriate anti-corruption agencies to promptly and thoroughly investigate the spending of $1.5 billion World Bank...
By AUSTINE TSENZUGHUL, Bauchi – Committed to improving agricultural activities to ensuring food security in Bauchi State, Agro-Climatic Resilience in Semi-Arid Landscape (ACReASAL) Projects with the support of the state government has facilitated the provision of 20 brand new tractors in view of the demands of tractors by...
The deplorable state of the nation, the hardship level, heartbreaking state of Internally Displaced Persons (IDP) camps and the Increasing Poverty Rate in Nigeria is a damning indictment of President Tinubu Renewed Hope Mandate promise to Nigerians. The further suspension of the Activities of Humanitarian affairs and all departments...
By SADIQ ABUBAKAR, Maiduguri – The management team of the Rural Electrification Agency (REA) along with members of the World Bank led by the Acting Managing Director of REA, Abba Aliyu, visited Maiduguri on an inspection tour of the ongoing construction of 12 mega watts Solar Hybrid Power...
Kogi State Governor, Ahmed Ododo on Wednesday disbursed N370 million Community Revolving Fund (CRF), to farmers to boost food production in the North-Central State The News Agency of Nigeria (NAN), reports that the CRF loan disbursement is in partnership with the World Bank under the ACReSAL project....
The World Bank Group (WBG) and the International Monetary Fund (IMF) deepen cooperation to help countries scale up action to confront the threat of climate change. This is according to a statement by the IMF, a copy obtained by the News Agency of Nigeria (NAN) in Abuja on...
The World Bank Group (WBG) and African Development Bank(AfDB) Group are partnering to provide no fewer than 300 million people in Africa with electricity access by 2030. This is contained in a statement issued by the World Bank Online Media Centre , a copy made available to the...
The World Bank has projected that growth will rebound in African economies from 2.6 per cent in 2023 to 3.4 per cent in 2024 and 3.8 per cent in 2025. This is contained in a statement issued by the World Bank on its latest Africa’s Pulse Report released...
A new World Bankworld World w wereport says the global digital landscape remains uneven and is becoming synonymous with a development divide. This is contained in a statement issued by the World Bank on its new “Digital Progress and Trends Report 2023″, a copy of which was obtained...