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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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 »COVID-19 Pushed 70 Million People Into Extreme Poverty – World Bank
WORLD Bank has blamed the outbreak of the COVID-19 pandemic that ravaged the world in 2019 for the increase of extreme poverty across the world. In a report made available on its official website on Friday, the global apex bank detailed that the outbreak of coronavirus, with the ongoing war between …
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 »Niger Coup Pressures Food Markets In West Africa – World Bank
THE World Bank says the coup d’état in Niger may put additional pressure on Nigeria and other West African nations’ food markets. According to the global bank, “The Nigerien coup d’état puts an additional seven million people at risk of falling into severe food insecurity in the region against a …
Read More »FG assures On Implementation Of World Bank-assisted Technical Education Programme
THE Federal Government, weekend, assured of its commitment to ensuring the implementation of the World Bank-assisted Human Resource Strategy for Skills Development (HRSSD) programme. The HRSSD is a programme targeting the improvement of the skills of Technical Teachers and Instructors (TTI), under the Innovation Development and Effectiveness in the Acquisition …
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 »One Billion People On Brink Of Hunger Globally – World Bank
OVER one billion people are on the brink of hunger globally, a report in the newsletter of the World Bank has stated. Majority of the affected people are in the low and middle income countries of Africa, Asia, Latin America and the Middle East. Quoting the July 2023 edition of …
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