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Tag: world bank

$3.65bn Abacha Loot Recovered By FG In 24 Years

Late Head of State, Gen. Sani Abacha
The total amount of looted funds recovered from late Head of State, General Sani Abacha in the past 24 years has been put at $3.65 billion. This was revealed byRead More

World Bank: Conflict, Major Driver Of Food Insecurity In Nigeria, Others

World Bank
The World Bank has identified conflict as one of the critical drivers of food insecurity in West Africa, especially in the north-western part of Nigeria and the Liptako Gourma region,Read More

Sanwo-Olu: Lagos, A Refugee-friendly State

Governor Babajide Sanwo-Olu of Lagos State
W’Bank commends state on successful agric assisted projects implementation Lagos State will remain open and continue to provide non-discriminatory assistance to all displaced persons seeking safety from violent conflicts andRead More

Rethink Your Policy On Fuel Subsidy, World Bank Tells Nigeria

President of the World Bank Group, Mr. David Malpass
Insists the rich benefit more from fuel subsidy than the poor Says barriers distorting country’s trade flows The President of the World Bank Group, Mr. David Malpass has once moreRead More

Inflation: Adjust Policies To Boost Supply, World Bank Tells Nigeria, Others

President of the World Bank Group, Mr. David Malpass
The President of the World Bank Group, David Malpass has lamented the impact of rising food and energy costs across the world, urging Nigeria and other developing countries to adjustRead More

World Bank Approves $700m For New Climate-resilient Projects For Nigeria

World Bank
The World Bank yesterday announced its approval of a $700 million credit from its International Development Association (IDA) for the Nigeria Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) Project. The projectRead More

W’Bank: FG, States Won’t Be Able To Pay Salaries In 2022 If Fuel Subsidy Is Retained

World Bank
Kyari: NNPC may start invoicing the federation to maintain subsidy Finance Minister reveals plan to introduce transport grant for vulnerable Nigerians El-Rufai: Despite oil prices rising globally, there is noRead More

World Bank: Nigerian Households Yet To Recover from COVID-19 Impact

World Bank
Urges urgent steps Projects $589bn diaspora remittances to Nigeria, others A new report by the World Bank yesterday declared that the COVID-19 has continued to threaten food security in Nigeria,Read More

World Bank Blacklists 18 Nigerian Firms, Individuals For Corruption – Report

World Bank
The World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in its 2021 fiscal year 2021, a new report has revealed.Read More

W’Bank: Nigeria, 46 Other Low-income Countries’ Debt Burden Rose 12% In 2020 To $860bn

World Bank
The debt burden of the world’s 47 low-income countries, including Nigeria, rose 12 per cent to a record level of $860 billion in 2020, according to a new report releasedRead More