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...
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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...
The Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), has expressed confidence in the commitment of 36 states and the Federal Capital Territory to utilise the 750 million dollars NG-CARES fund before June 2023. Prof. Foluso Okunmadewa, Task Team Leader (TTL) for NG-CARES, stated this is an interview with...
By PATRICK ABANG, Calabar – The World Bank in collaboration with the Nigeria Erosion and Watershed Project (NEWMAP) have warned against the indiscriminate dumping of refuse in drainage and other illegal sand mining in Cross River State. The communities which includes, Atakpa, Ikot Anwantim, Nyangasang, Lemna/ Federal Agriculture, Ikot...
Katsina State Government has awarded a N2.4 billion contract for the construction of a 24.5km road on Tuesday. The road connects Danja, headquarters of Danja Local Government Area to two rural communities, Bazanga and Nahuce. The project is expected to be completed in 18 months. Katsina State awarded the...
The Kaduna State Adolescent Girls Initiative for Learning and Empowerment (AGILE), a World Bank-supported project, on Thursday began disbursement of N102.4 million Conditional Cash Transfer (CCT) to 8,475 schoolgirls in the state. At the disbursement ceremony in Kaduna, the Project Coordinator, Mrs Maryam Dangaji, said that the CCT intervention...
…As World Bank tasks FG on data protection No fewer than two hundred and fifty stakeholders, Wednesday, unanimously gave their nod to the steps towards enacting a principal Data Protection law for Nigeria. Rising from a two-day Policy Dialogue on Nigeria’s Data Protection law, held in Abuja, the participants...
The World Bank Group says it has responded to the overlapping global crises by deploying 114.9 billion dollars in financing in 2022. This is contained in a statement obtained from the World Bank website by the News Agency of Nigeria (NAN) on Saturday in Abuja. The bank said in...
By CALLISTUS OFFOR, Abuja – The National Commission for Persons with Disabilities (NCPWD) on Wednesday said it is partnering with relevant agencies to ensure that it meets the needs of the 15% of the population of Persons Living With Disabilities (PLWD) in Nigeria. The Executive Secretary of NCPWD, Mr....
The Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), has urged the 36 states of the federation and the Federal Capital Territory (FCT) to accelerate the implementation of the programmes. Prof. Foluso Okunmadewa, the World Bank, Lead Specialist, Social Protection and Task Team Leader for NG-CARES, made the call...
The World Bank says economic growth in Sub-Saharan Africa (SSA) is expected to decline to 3.7 per cent in 2022 as against 4.2 per cent recorded in 2021. This is according to the World Bank’s latest Global Economic Prospect Regional Outlook on Sub-Saharan Africa Report released on Tuesday. According...
The Minister of Communication and Digital Economy, Prof. Isa Pantami has reiterated the Federal Government’s commitment to protecting Nigerians from the harmful use of data. Pantami said this in Abuja on Thursday, at the inauguration of the World Development Report (WDR) 2021 in Nigeria. The theme of the report...
ARMSTRONG ALLAHMAGANI, Bauchi – President Muhammadu Buhari on Thursday commissioned the upgraded Bauchi Township Water Supply Scheme which worth about N23.5 billion naira. NATIONAL ACCORD reports that the World Bank provided 90 percent of the funds while the State government provided the remaining 10 percent counterpart funding. Represented by...
President Muhammadu Buhari has urged the World Bank, African Development Bank (AfDB) and other partners to support the One Planet Summit initiative and activate the US$19 billion pledge. He said the pledge, meant for the activities of the Pan African Great Green Wall Agency (PAGGW), would be utilized for...
The World Bank says global progress to reduce gas flaring, the wasteful industry practice of burning natural gas during oil production has stalled in the last 10 years. This is contained in a statement obtained from the World Bank website on Saturday in Abuja by the News Agency of...
The African Development Bank’s (AfDB) Africa Digital Financial Inclusion (ADFI) facility will receive 15 million dollars to develop and extend digital financial solutions to women-owned small and medium businesses in Africa. The bank on its website, on Wednesday, said that Women Entrepreneurs Finance Initiative (We-Fi) said the new round...
Introduction In the last week, there was a big match between the World Bank team captained by the President, Mr. David Malpass and Nigeria captained by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed ably assisted by the Central Bank of Nigeria (CBN) Governor Godwin Emiefele....
The Federal Ministry of Mines and Steel Development in collaboration with the World Bank had embarked on an Airborne Geophysical Survey activity to determine the accurate mineral deposits in Ekiti State. The survey is being implemented through the Mineral Sector Support for Economic Diversification Project (MINDIVER), a World-Bank assisted...
World Bank Group President, David Malpass has expressed concern over higher poverty rates in developing countries due to war in Ukraine and COVID-19 related shutdown. A statement issued on Monday by the Bank quoted Malpass as making this known in his opening remark at the World Bank Spring Meetings...
By BENJAMIN ORISEMEKE, Abuja – The economy of Europe and Central Asia is expected to shrink by 4.1 percent this year, compared with the pre-war forecast of 3 percent growth, as the economic shocks from the war compound the ongoing impacts of the COVID-19 pandemic. In its Economic Update...