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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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 …
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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 …
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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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The World Bank has approved $500m for Nigeria to scale up the financing of its women empowerment programme. The bank said it okayed the facility because “Nigeria for Women Program ( NFWP)” has “helped to create economic opportunities for thousands of rural women through the Women Affinity Groups.”. It explained …
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The federal government and World Bank teams on Adolescent Girls Initiative for Learning and Empowerment (AGILE) have applauded Governor AbdulRahman AbdulRazaq for his administration’s reforms and commitments to improving learning outcomes for children in the state. AGILE is a World Bank-assisted Project of the Federal Government. Kwara has qualified to …
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