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World Bank: Remittances to Nigeria, others to fall by 9% this year

World Bank: Remittances to Nigeria, others to fall by 9% this year

Remittances to Nigeria and other Sub-Saharan African countries are likely to drop by 9 per cent to $44billion in 2020 due to the effects of the coronavirus(COVID-19) pandemic, the World Bank has said. The Bank,…

Property enumeration: W’Bank promises $2m grant each to state govts

Property enumeration: W’Bank promises $2m grant each to state govts

The World Bank is to offer $2 million grant to any state government that was able to achieve 50 per cent and above update of its property record before June 30 next year. The update…

World Bank: Financial crisis may emerge from COVID-19

World Bank: Financial crisis may emerge from COVID-19

World Bank Chief Economist, Carmen Reinhart, has said the coronavirus pandemic is turning into a major economic crisis and warned of the possibility of a financial crisis emerging. Reinhart, who spoke in an interview with…

World Bank approves $12bn for COVID-19 vaccines, treatments

World Bank approves $12bn for COVID-19 vaccines, treatments

The World Bank, yesterday, approved $12 billion to help developing countries buy COVID-19 vaccines and treatments, the organisation said in a statement. “The World Bank’s Board of Executive Directors today (yesterday) approved an envelope of…

World Bank: Sub-Saharan Africa’s GDP may rebound in 2021

World Bank: Sub-Saharan Africa’s GDP may rebound in 2021

Even as the impact of the coronavirus (COVID-19) pandemic would probably linger for years to come, sub-Saharan Africa will likely reverse an economic contraction next year as countries in the region begin to ease movement…

$430m project: World Bank sets 148m NIN target for Nigeria

$430m project: World Bank sets 148m NIN target for Nigeria

115m female, children must be enrolled by 2024 To be counted as successful in the on-going Digital Identification for Development (ID4D) project being supervised by the World Bank and financed by other global bodies, Nigeria…

Tree planting: Ekiti, World Bank empower 100 farmers

Tree planting: Ekiti, World Bank empower 100 farmers

The Ekiti state government and the World Bank through sponsored Nigeria Erosion and Watershed Management Project (NEWMAP) Initiative have promised to empower 100 farmers for planting of 5,000 hectares of trees in the state. The…

World Bank mulls trimming poor countries’ debt

World Bank mulls trimming poor countries’ debt

The World Bank has said that it is looking at ways to reduce the amount of debt owed by poor nations – rather than simply delaying payments — to attract more investors in the wake…

FG, World Bank’s annual fiscal rating for Kwara begins

FG, World Bank’s annual fiscal rating for Kwara begins

A five-day technical session to ascertain Kwara State’s compliance with the FG/ World Bank-inspired States Fiscal Transparency, Accountability and Sustainability (SFTAS) has commenced in Ilorin, the state capital, with local officials interfacing with independent verification…

World Bank approves $114.28m for Nigeria’s COVID-19 response

World Bank approves $114.28m for Nigeria’s COVID-19 response

The World Bank has approved $114.28 million to help Nigeria tackle its coronavirus (COVID-19) pandemic. The global lender said yesterday that the intervention includes $100 million credit from the International Development Association (IDA) and $14.28…