News

COVID-19: World Bank excludes Nigeria from benefiting from support fund

Ihesiulo Grace 4 April 2020 0

Nigeria has been excluded from the first set of beneficiaries of the World Bank’s COVID-19 Emergency Health Support programme, which is aimed at strengthening developing countries’ response to the pandemic. The first operations of the COVID-19 support programme was launched on Thursday,

Foreign

World Bank approves 350-million-dollar grant for Rohingya Muslims

Ihesiulo Grace 2 April 2020 0

The World Bank has approved 350 million dollars in grants for Bangladesh to support hundreds of thousands of Rohingya Muslims living in crowded refugee camps, the bank said on Wednesday. The fund will be used for health services, social protection and infrastructure development in the camps, according to a press statement. More than 1 million Rohingya Muslims,

News

IMF, World Bank Call For Suspending Debt Payments By Poorest Nations

Ihesiulo Grace 28 March 2020 0

The International Monetary Fund and World Bank on Wednesday called for governments to put a hold on debt payments from the world’s poorest nations so they can battle the coronavirus pandemic. “The World Bank Group and the IMF believe it is imperative at this moment to provide a global sense of relief for developing countries […]

News

Lawan urges World Bank to assist Nigeria combat poverty

Ihesiulo Grace 17 March 2020 0

President of the Senate, Ahmad Lawan has urged the World Bank to come to the aid of Nigeria in her effort at poverty alleviation in the country. Lawan made the appeal on Tuesday when the new World Bank Country Director for Nigeria, Shubham Chaudhuri led a delegation of the bank officials on a courtesy visit […]

Business

NEPZA partners World Bank, IFC on infrastructural development

Ihesiulo Grace 10 March 2020 0

Nigeria Export Processing Zones Authority (NEPZA) has announced plans of a  partnership with the World Bank and International Financial Cooperation (IFC) on staff capacity building and infrastructural development for Free Trade Zones in the country. NEPZA Acting Managing Director, Mr Bitrus Dawuk, explained in a statement  that the partnership will help in attracting

Featured Headlines News

World Bank executes N20bn water projects in Bauchi

Ihesiulo Grace 26 February 2020 0

The Bauchi state government in collaboration with the World Bank has commenced the execution of water projects valued at N20 billion to boost water supply in Bauchi metropolis. Managing Director of the Bauchi state Water Corporation, Aminu Aliyu -Gital, who said this in Bauchi on Tuesday, said that all the projects were ongoing. Aliyu -Gital […]

Featured Headlines

World Bank approves $250m facility for Ogun

Ihesiulo Grace 20 February 2020 0

The World Bank has approved a $250 million fund for various developmental projects in Ogun State. Ogun State is one of the six projects approved by the world financial institution to support development priorities across the country, including improving immunisation, enabling a stronger business environment for the private sector, expanding the digital economy to promote

Featured Headlines

We support countries to negotiate terms of royalties, taxes to coys-AfDB

Ihesiulo Grace 14 February 2020 0

The African Development Bank (AfDB) on Thursday refuted the World Bank President, David Malpass comments that the Bank, Asian Development Bank, and the European Bank for Reconstruction and Development contributed to the debt burden of Nigeria and other countries in Africa. AfDB in its response said it supports countries to negotiate terms of their royalties […]

Business

Debt in Emerging Developing Economies rises to $55trn in 2018 – World Bank

Ihesiulo Grace 19 December 2019 0

The World Bank Group says debt in Emerging and Developing Economies (EMDEs) rose to a record high of 55 trillion dollars in 2018. The bank made this known in a statement released in Abuja on Thursday. It explained that the development marked an eight-year surge that had been the largest, fastest, and most broad-based in […]

Business

World Bank to help SAN yoghourt boost production

Ihesiulo Grace 14 December 2019 0

Zaria (Kaduna State) – Dr Adetunji Oredipe, Task Team Lead, World Bank, on Friday assured the readiness of the bank to support Zaria based SAN Yoghourt company to boost its production. Oredipe stated this during a visit to the factory, a subsidiary of SAJ Food Nigeria Limited located at Zabi on Kaduna-Kano expressway, Zaria, Kaduna […]

Featured Headlines

Nigeria improving on provisions of digital platform – World Bank

Ihesiulo Grace 29 November 2019 0

The World Bank Group says Nigeria is improving on the provision of digital platforms for services. The World Bank made this known in a statement issued in Abuja on Thursday. The bank explained that the government created a central portal to improve the delivery and quality of public services. It said that with the size […]

Health

WHO, World Bank, applaud Obaseki on Edo Health Improvement Programme

Ihesiulo Grace 25 November 2019 0

The World Health Organisation (WHO) and the World Bank have commended Edo State Governor, Mr. Godwin Obaseki on the launch of the Edo Healthcare Improvement Programme (EdoHIP), which is aimed at making healthcare affordable and accessible to residents across the state. Edo State under Governor Obaseki recently launched the state’s Social Health Insurance

News

Bauchi solicits World Bank support on human capital development

Ihesiulo Grace 13 November 2019 0

The Bauchi state government has sought the support of the World Bank to enable it achieve human capital development in critical sectors of the economy. State Commissioner for Budget and Economic Planning, Dr. Aminu Gamawa made the request during an interactive session with World Bank officials in Bauchi. According to him, the request has become […]

Featured News

Nigeria’s new rating by World Bank commendable – Analyst

Ihesiulo Grace 26 October 2019 0

A Public Affairs Analyst, Mr Carl Umegboro has commended President Muhammadu Buhari on the recent 15 places rise rating of Nigeria in the latest index from the World Bank. Umegboro, a lawyer and Associate, Chartered institute of Arbitrators, who gave the commendation in a statement in Abuja on Saturday, said Nigeria was now ranked 131 […]

News

Buhari building a globally competitive economy, says APC

Ihesiulo Grace 25 October 2019 0

The All Progressives Congress (APC) has commended the President Muhammadu Buhari administration on the latest World Bank ranking which sees Nigeria jump 15 places in the institution’s ease of doing business global ratings. The party also welcomed bilateral agreements between President Buhari and Russian President, Vladimir Putin at the ongoing Russia-Africa Summit,

Business Featured Headlines News

Power: Anxiety as FG sets to borrow fresh $3bn

Ihesiulo Grace 21 October 2019 0

…N5.864trn spent so far by OBJ, GEJ, Buhari to rejuvenate sector with little to show …Stakeholders bemoan unimpressive power supply, demand improved supply …Our challenges, by TCN, GenCos, DisCos There is anxiety across the country following the Federal Government request of a fresh $3 billion loan from the World Bank to reform the power sector. […]

Anambra Times News

Community devt: World Bank commends Obiano over N150m counterpart funding

Ihesiulo Grace 18 October 2019 0

The World Bank has commended Anambra State Governor, Chief Willie Obiano, for his prompt payment of Government cash counterpart contribution towards the ongoing Community Social Development programmes in the state. The World Bank team disclosed that Governor Obiano had so far made a total contribution of N150 million for the progress of the exercise. The […]

Africa Education News World

Niger Govt. gets $6m World Bank grant to support out-of-school children

Ihesiulo Grace 16 October 2019 0

The Niger Government on Wednesday said it has received a six million dollar World Bank grant to get the teeming out-of-school children in the state back to classroom. Alhaji Abubakar Aliyu, Permanent Secretary, Ministry of Education disclosed this during an interview in Minna. Aliyu said that the grant would be utilised by the State Universal […]

Crime

World Bank earmarks N500m for 50 Borno communities affected by Boko Haram

Ihesiulo Grace 11 October 2019 0

The World Bank-assisted Community and Social Development Programme (CSDP) has earmarked N500 million for provision of support to 50 communities affected by Boko Haram insurgents in Borno. Alhaji Chiroma Usman, the CSDP programme manager disclosed this at a two-day training of community and group management committees for the projects on Friday in Maiduguri. Usman said […]

News

Kwara pays N60m counterpart fund for community projects

Ihesiulo Grace 6 October 2019 0

Kwara state Governor AbdulRahman AbdulRazaq has approved the release of N60 million counterpart funds to key into the World Bank-funded community and social development projects that would help attract development to rural areas in the state. The payment, which is a requirement for any state to be considered for the initiative, would enable the Kwara […]