Lagos State Governor Babajide Sanwo-Olu has received high praise from the World Bank for the significant transformation his administration has achieved in the state over the past five years. The commendation was delivered by the Bank’s Country Director in Nigeria, Mr. Ndiama Diop, during a courtesy visit to the Governor at the State House in Read More…
The American World Bank and the European International Monetary Fund, IMF, in the past few weeks, circled Nigeria like vultures waiting for the prey to die. The twin organisations have become more active and quite audacious since President Bola Ahmed Tinubu came to power on May 29, 2023. They are like predators, ready for the Read More…
Amidst the ongoing COP28 summit’s focus on climate-related health hazards, the United Arab Emirates and multiple charitable organisations pledged a substantial $777 million for eradicating neglected tropical diseases that are anticipated to escalate with rising temperatures, revealed in a statement by COP28 President Sultan Ahmed Al-Jaber. Describing climate-related factors as a significant threat to human Read More…
Early voting commenced in Liberia for the pivotal runoff election between President George Weah and former Vice President Joseph Boakai, both locked in a tight race after falling short of the 50% threshold required for an outright victory in the initial round. The first round reflected a narrow margin, with former soccer star Weah securing Read More…
Shubham Chaudhuri, the World Bank Country Director for Nigeria, has praised President Bola Tinubu’s reform policies. Speaking at a symposium in Ibadan, Chaudhuri commended the policies while urging the prompt implementation of palliative measures to mitigate their impact on Nigerians. The symposium’s theme was “Economic Opportunity Pathways to Navigating Post-Reform Challenges in Nigeria,” which the Read More…
In a promising endeavour to alleviate Nigeria’s chronic energy crisis, the World Bank has set its sights on funding the construction of 1,000 mini solar power grids in Africa’s largest economy. The ambitious initiative, carried out in collaboration with the Nigerian government and the private sector, seeks to bring light to millions of households and Read More…
As the global economy enters a pronounced slowdown amid fresh threats from COVID-19 variants and others, Nigeria’s growth is projected to strengthen to 2.5 per cent in 2022 and 2.8 per cent in 2023. The World Bank said this in Washington at the presentation of its January 2022 Global Economic Prospects report. According to it, Read More…
The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added that the said recovery Read More…
The World Bank Group has said that it will help developing countries resume growth and respond to the health, social, and economic impacts of COVID-19. President of the bank, Mr David Malpass, in a statement on Wednesday, said it would assist the countries as they worked toward a sustainable and inclusive recovery. Malpass, however, said Read More…
The World Bank has approved $114.28 million financing to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with specific focus on state level responses. According to a statement from the bank on Friday, the amount includes $100 million credit from the International Development Association (IDA) and $14.28 million grant from the Read More…
