The World Bank Group has advised Nigeria and other African countries to shift their focus away from subsidies and excessive spending, and instead strengthen social safety nets to curb the
The Federal Government of Nigeria, through the Federal Ministry of Water Resources and Sanitation and the Ministry of Power, has signed a $500 million Memorandum of Understanding (MoU) with the
The World Bank has recommended that Nigeria’s Federal Government prioritize job creation for young Nigerians, as recent economic reforms have intensified inflation and living costs. This advice came from the
The Federal Government is seeking a $500 million World Bank loan to improve basic education, aiming to boost learning and cut out-of-school numbers. This is according to the Programme Information
Bauchi State governor Bala Mohammed yesterday confronted the World Bank over the latter’s claims that a reversal of the federal government’s current economic reforms would spell doom for the country,
Report showed that the Naira is at par with the Ethiopian Birr, and South Sudanese Pound in terms of decline in the region. As of the end of August 2024,
The World Bank has reaffirmed its support for Nigeria’s COVID-19 recovery efforts with a $500 million investment in the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) programme. Prof.
The Federal Government of Nigeria, under President Bola Tinubu, has secured loans totalling $6.45 billion from the World Bank within just 16 months. This total has surged following the recent
The World Bank has approved a $500 million loan to support the Sustainable Power and Irrigation for Nigeria (SPIN) project aimed at reducing climate-induced challenges. World Bank’s Regional Director, Sustainable
The World Bank has approved three new loans for Nigeria, totalling $1.57 billion, to strengthen key sectors, including healthcare, education, and climate resilience. This financing comes as Nigeria’s debt profile
