THE World Bank is set to approve a $2.2 billion loan for Nigeria in 2025, spread across six development projects. According to the Washington-based financial institution, the funding will support key initiatives in education, health, digital infrastructure, and economic resilience. $500 million – Community Action for Resilience and Economic Stimulus …
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THE World Bank has earmarked 60 million dollars to benefit 75,000 Nigerian youths under the Innovation, Development, and Effectiveness in the Acquisition of Skills (IDEAS) project of the Ministry of Education. World Bank Education Specialist, Mistura Rufai, disclosed this in Abuja on Thursday at the Contract/Memorandum of Understanding Signing and …
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The World Bank has announced that it has earmarked 1.2 billion dollars for investment in girls’ education across 18 states. The states include Borno, Ekiti, Kebbi, Kaduna, Plateau, Katsina, Kano, Adamawa, Kogi, Nasarawa, Niger, Bauchi, Jigawa, Yobe, Kwara, Gombe, Sokoto and Zamfara. The World Bank Country Director, Mr Ndiame …
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THE World Bank announced it has raised close to $24 billion to provide loans and grants for some of the world’s poorest countries, which it can leverage to generate a record $100 billion in total spending power. Donor countries committed $23.7 billion to replenish the bank’s concessional lending arm, known …
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THE Federal Government is discussing with the World Bank the possibility of securing a $500m loan to support basic education. This is according to the Programme Information Document for the loan project obtained by PUNCH on Friday. The loan is part of the World Bank’s HOPE for Quality Basic Education …
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THE World Bank has said that Nigeria, Angola and Sierra Leone, with double-digit inflation and weakened domestic currencies, will maintain a high interest rate for a long period and may even increase it. The bank said that in its latest Africa’s Pulse report, where it focused on how the inflation …
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The naira has been listed among the worst-performing currencies in Sub-Saharan Africa in 2024. This was according to the latest edition of Africa’s Pulse, a new report by the World Bank. As of the end of August 2024, the naira had depreciated by approximately 43 per cent year-to-date, making it …
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THE World Bank says that Nigeria must sustain its current economic reforms over the next 10 to 15 years to position itself as a leading global economic power, not only in sub-Saharan Africa but worldwide. According to the bank, these reforms were vital for ensuring long-term growth and development, enabling …
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THE World Bank has launched its new Business Ready 2024 (B-READY) report, evaluating the business and investment environments across 50 global economies. The report, a successor to the Doing Business initiative, is the first of three volumes to be released between 2024 and 2026. The aim of B-READY is to enhance private investment, boost …
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THE World Bank has approved three new loan requests totalling $1.57 billion in financing for Nigeria. World Bank made this known in a statement on Monday, September 30, 2024. It noted that the loan approval made on September 26 was to support the federal government in strengthening human capital through …
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