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September 22, 2023
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Food Security: FG, World Bank Partner To Focus On Irrigation Devt

Food Security: FG, World Bank Partner To Focus On Irrigation Devt

The Federal Ministry of Water Resources and Sanitation in collaboration with the World Bank are to focus on irrigation development in order to boost food security and others in Nigeria. The Minister of Water Resources…

Nigerians Abroad Remitted $20.1bn In 2022 – Report

Nigerians Abroad Remitted $20.1bn In 2022 – Report

A recent report has revealed that Nigerians in the Diaspora remitted the sum of $20.1 billion in 2022, with the current official market rate of N767 per US dollar, the amount is equivalent to N15.3…

World Bank: Niger Coup Will Put Pressure On Nigeria Food Market

World Bank: Niger Coup Will Put Pressure On Nigeria Food Market

On Wednesday, the World Bank said the ongoing coup d’état in the Niger Republic is very likely to increase the pressure on Nigeria and other West African nations’ food markets. It stated that the Nigerien…

Nigeria Owes China, France, World Bank, Others

Nigeria Owes China, France, World Bank, Others

The recent reports released by the Debt Management Office (DMO) on Friday revealed a breakdown of the amount Nigeria owes some nations and organizations around the world. The document on Nigeria’s external debt stock as of…

World Bank Raises Concerns Over Nigeria’s Macroeconomic Management

World Bank Raises Concerns Over Nigeria’s Macroeconomic Management

The World Bank has demanded immediate structural changes in Nigeria’s macroeconomic management, including enhancing revenue collection and financial management. Creating a “critically important enabling business environment” is essential for attracting investment and fostering sustainable economic…

Uganda’s Anti-Gay Law Prompts World Bank To Halt Further Loans

Uganda’s Anti-Gay Law Prompts World Bank To Halt Further Loans

Following the passage of the anti-guy law in Uganda, the World Bank has declared that it will no longer consider fresh loans to the country. A law prohibiting prejudice against lesbian, homosexual, bisexual, and transgender people…

Coup: World Bank Suspends All Disbursement To Niger

Coup: World Bank Suspends All Disbursement To Niger

Following the coup in Niger Republic which led to the overthrown of the democratically elected president of the country, the World Bank on Wednesday said it has suspended the disbursements to the country until further…

Stakeholders Call On State Govts To Control $700m World Bank Water Scheme

Stakeholders Call On State Govts To Control $700m World Bank Water Scheme

Stakeholders have called on all states to benefit from the $700 million World Bank-supported Sustainable Urban and Rural Water Supply, Sanitation and Hygiene (SURWASH) Programme to show political commitment to the project’s sustainability. This request…

World Bank To Boost Nigeria’s Electrification Project With $750m – Official

World Bank To Boost Nigeria’s Electrification Project With $750m – Official

The World Bank on Tuesday said that it planned to commit an additional $750 million to increase Nigerians’ access to electricity through the Nigeria Electrification Project (NEP). Ms Elizabeth Huybens, the World Bank’s Director of…

World Bank Approves $500m Loan For Nigeria

World Bank Approves $500m Loan For Nigeria

The World Bank has approved the sum of a $500m Federal Government loan request to help Nigeria drive women’s empowerment.