By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP), has urged the World Bank President, Mr David Malpass, to use his “good offices to suspend any disbursement of the $800m loan to the Federal Government and to request the incoming administration to provide satisfactory explanations for the...
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Prof. Foluso Okunmadewa, the World Bank Task Team Leader for Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), says the programme is on the right track in supporting the poor and vulnerable groups in the country. Okunmadewa stated this on Monday in Abuja, at a Ministerial Town Hall Meeting...
As competition for skilled workers continues to rise globally, while populations in rich and middle-income countries age, the World Bank says migration can be a powerful force for prosperity and development if managed properly. This is contained in a new report from the World Bank, which also states that...
The World Bank on Friday released its 2023 Logistics Performance Index (LPI) report, urging developing economies to boost their economic growth through improvements in logistics for goods transportation. The report is a measure of countries’ ability to move goods across borders with speed and reliability. This is contained in...
The Global Sovereign Debt Roundtable (GSDR), on Wednesday discussed debt sustainability and debt restructuring challenges and ways to address them. This is contained in a statement issued by the International Monetary Fund (IMF) Press Centre, a copy of which was obtained by the News Agency of Nigeria(NAN) in Abuja....
In recent times, the media has been awash with news about the huge debt burden that the incoming government would inherit from the President Muhammadu Buhari administration. This started after Buhari signed the 2023 budget of 21.83 trillion Naira into law in December, 2022, and said the country could...
Eight hundred and fifty million people across the world do not have proof of identity, with half of the number being people in Sub -Saharan Africa, an official of the World Bank, Mr Christian Bodewig, said on Wednesday. Bodewig is Practice Manager for Social Protection and Jobs, West and Central Africa,...
A new World Bank report says economic growth in Sub-Saharan Africa (SSA) is set to slow from 3.6 per cent in 2022 to 3.1 per cent in 2023. This is contained in a statement issued by the World Bank on the latest Africa’s Pulse, the World Bank’s April 2023...
The World Bank Group’s Board of Executive Directors announced that Ajay Banga, a U.S. national, was the only nominee for the position of the next President of the bank. This is contained in a statement issued by the World Bank in Abuja on Friday. “The World Bank Group’s Board...
A new World Bank report says the global economy’s “speed limit” is set to drop to a three-decade low by 2030. The” speed limit” is the maximum long-term rate at which the economy can grow without sparking inflation. This is contained in a statement issued by the World Bank,...
A new World Bank report says accelerating the use of digital technologies is key to creating productive jobs and boosting economic growth in Africa. This is contained in a statement issued by the World Bank, a copy of which was obtained by the News Agency of Nigeria (NAN) in...
By CALLISTUS OFFOR, Abuja – The Minister of Communications and Digital Economy of Nigeria, Professor Isa Ali Ibrahim Pantami, had meetings at Space Exploration Technologies Corporation (Space X) headquarters in Hawthorne, California, as well as a meeting at the World Bank Headquarters and another meeting with Google Corporation in...
The debate on climate change is among the most presently discussed topics on the surface of the earth. All these years, I have, going by the commentaries from the Western world believed that Africa’s non commitment to the call for global action on climate change was responsible for the...
The World Bank Group says it has designed an innovative initiative to accelerate electrification in Africa to achieve universal access by 2030. This is contained in a statement obtained from the World Bank website on Wednesday in Abuja by the News Agency of Nigeria (NAN). According to the bank,...
By JOHN ONAH, Abuja – Participants at the national conference on out-of-school children in Nigeria have called for political will, consistency in policy delivery and good leadership in tackling the Out-Of-School Children (OOSC) menace confronting the nation. The stakeholders also called for adequate and consistent funding as well as...
Mr Abebe Selassie, the Director, International Monetary Fund (IMF), African Department, says tackling food insecurity should be the first policy priority for government in Sub-Saharan Africa (SSA). Selassie said this in his opening remarks at the News Conference on the October Regional Economic Outlook for SSA at the IMF/World...
United Nations agencies on Wednesday said severe drought followed by floods has led to rocketing food prices and left a record of 2.1 million people acutely hungry in Chad. The United Nations children’s fund said as a result of the climate disaster, 10 per cent of all children under...
Lagos State Government says it has sought collaboration with World Bank for rapid delivery of technology-driven and affordable mass housing schemes in the state. This is contained in a statement issued by Spokesperson of the state Ministry of Housing, Mrs Adeola Salako, on Sunday in Lagos. Salako quoted the...
The World Bank says African Government urgently need to restore Macroeconomic stability and protect the poor in a context of slow growth and high inflation. This is contained in a statement obtained from the World Bank website on Tuesday in Abuja by the News Agency of Nigeria (NAN). The...
The World Bank has approved 750 million dollars for the Nigeria State Action on Business Enabling Reforms (SABER) Programme-for-Results. This is contained in a statement obtained by the News Agency of Nigeria (NAN) from the World Bank website on Friday in Abuja. The statement said the 750 million dollars...