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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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 …
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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 …
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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 …
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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 …
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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 …
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