THE World Bank has mandated the hiring of a security consultant to address pervasive insecurity issues affecting its $1.2 billion loan project in Nigeria. The Adolescent Girls Initiative for Learning and Empowerment (AGILE) project aims to improve secondary education opportunities among girls in targeted areas but faces significant challenges due …
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NIGERIA has announced its intention to establish a $10bn diaspora investment fund, aiming to leverage remittances for domestic investments across various sectors, according to a tender document unveiled by the country’s industry and trade ministry. The proposed fund aims to consolidate the billions of dollars remitted monthly by Nigerian citizens abroad, channelling …
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THE Nigerian Government is set to receive around $2.2 billion single-digit interest loan from the World Bank. The Minister of Finance, Wale Edun, disclosed this on Saturday during a press briefing at the World Bank/International Monetary Fund Spring meeting in Washington DC, the United States. Edun also disclosed that the Nigerian …
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350.org, an international environmental organisation, has urged the World Bank and International Monetary Fund (IMF) to urgently initiate reforms to address world’s financial systems responsible for the worsening climate crisis. Pascale Hunt, Senior global Communications Specialist, 350. org, made this advocacy in a statement made available to the News Agency of …
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The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to address the challenges facing Internally Displaced Persons and their host communities, as well as boost rural access and agricultural marketing in the country. The request was contained in World …
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THE Nigerian government has requested an extension for the deadline of a significant $500 million loan from the World Bank that was originally intended for COVID-19 response initiatives. This request highlights the nation’s continued dedication to making the most of the funds for pandemic readiness and response, seeking to extend …
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DUE to high levels of instability and military conflicts that have lowered living conditions throughout the northern region, the World Bank has warned that seven states in the country’s northwest and northeast may experience food crises. In its most recent report on food security, the bank predicted that most of …
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PRESIDENT Bola Ahmed Tinubu, on Thursday, met with a delegation from the World Bank at the Presidential Villa in Abuja. Newsextra24 reports that the delegation from the global financial institution was led to the State House by the Managing Director of Operations, Anna Bjerde. Speaking with State House correspondents after meeting with …
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By Inusa Ndahi, Maiduguri TO ensure good governance and prudent management of funds, the World Bank in collaboration with Borno State Multi-Sectoral Crisis Recovery Project (MCRP) and the Ministry of Reconstruction Rehabilitation and Resettlement have organized a three -day capacity building training for 200 Primary Health Care (PHC) providers on …
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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 …
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