Home / Tag Archives: World bank (page 5)

Tag Archives: World bank

World Bank Unveils $5 Billion Renewable Energy Plan For Africa

By the end of the decade, the World Bank will allocate $5 billion to provide 100 million Africans with “reliable, affordable, renewable electricity”, the development lender’s president said on Wednesday. According to World Bank estimates, 600 million people in Africa lack access to consistent power, a major barrier to the continent’s …

Read More »

World Bank Disburses $300m Palliative Loans

THE disbursement of $800m for the National Social Safety Net Program-Scale Up has been initiated by the World Bank. Approximately $299.99 million has been disbursed to Nigeria under this program which was approved by the World Bank on December 16, 2021, as per information obtained from World Bank documents. This …

Read More »

47 Companies Bid For World Bank’s 1.25m Smart Meters Worth $155m

THE Federal Government Thursday began opening bids from 47 companies for the supply of 1.25 million electricity smart meters funded by the World Bank’s $155 million loan. The bid opening is part of the Federal Government’s National Mass Metering Programme started in 2021 with the supply of one million meters …

Read More »

FG Considers Fresh $1.5 Billion Loan From World Bank

PRESIDENT Bola Tinubu-led government is seeking a fresh loan of $1.5 billion from the World Bank. According to Sunday Punch, the loan is titled ‘Nigeria Human Capital for Opportunities and Empowerment’ based on information obtained from the website of the Washington-based institution. The objective of the loan is “to strengthen …

Read More »

World Bank Halts Disbursements In Niger Until Further Notice

The World Bank on Wednesday said it was “alarmed” by efforts to overthrow the democratically elected government in Niger, and had suspended disbursements in the African country until further notice, except for private-sector partnerships. Niger has one of the largest World Bank portfolios in Africa, amounting to $4.5 billion and …

Read More »