News

World Bank partners Kwara Govt. on vocational education

Ihesiulo Grace 6 June 2018 0

The World Bank has expressed readiness to partner with the Kwara Government to improve technical and vocational education in the state. World Bank Senior Education Specialist, Dr. Tunde Adekola said this on Tuesday when he led other officials of the Bank, on a facility tour of the International

Business Headlines

World Bank forecasts 3.1 percent growth for global economy

Ihesiulo Grace 6 June 2018 0

…Says Nigeria’s manufacturing sector picking up Despite recent softening, the World Bank has revealed that global economic growth will remain robust at 3.1 per cent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off.

News Nigeria

Global economies lose $160trn to gender earnings disparity

Ihesiulo Grace 1 June 2018 0

The World Bank has revealed that globally, countries are losing $160 trillion in wealth because of differences in lifetime earnings between women and men. This amounts to an average of $23,620 for each person in the 141 countries studied by the World Bank Group in a new report released on Thursday. The study, Unrealized Potential: […]

News Nigeria

400,000 Nigerians get N5, 000 monthly in 20 states under cash transfer – FG

Ihesiulo Grace 9 May 2018 0

NO fewer than 400, 000 Nigerians in 20 states of the nation are currently enjoying the N5000 monthly cash transfer programme initiated by the National Social Safety Nets Project (NASSP) in the presidency. The programme was conceived as part of Federal Government’s larger growth inclusivity and social inclusion policy aimed at addressing poverty in the […]

News

Nigerians in diaspora sent $22bn home in 2017 – World Bank

Ihesiulo Grace 23 April 2018 0

Diaspora Nigerians wired $22 billion home in 2017, an African record and the fifth largest remittance by immigrants, according to the World Bank. Egypt received $20 billion from its citizens abroad, according to figures published by the bank today. The World Bank said payments from immigrants back to their home countries rebounded to reach a […]

News

World Bank Won’t Grant Loan To Any State Without Kaduna – El Rufai

Ihesiulo Grace 17 April 2018 0

Nasir el-Rufai, governor of Kaduna state, says the World Bank will not grant loan to any state if Kaduna is not included. Kaduna is among the states which applied for loan from World Bank but while the senate approved the facility for others, it rejected the $350 million request of Kaduna based on opposition from […]

Headlines

Nigeria ranked 2nd largest electricity access deficit in world as 80m homes live without power

Ihesiulo Grace 28 March 2018 0

The World Bank has ranked Nigeria as the second largest country in the world after India and the first in Sub-Saharan Africa with more of her population without electricity. This is as a result of Nigeria’s inability to provide electricity to about 80 million of its people, according to the Bank, in a draft report […]

Agriculture

New Irrigation method drives agriculture in Anambra

Ihesiulo Grace 8 March 2018 0

AGRICULTURE, which is one of the four pillars on which Governor Willie Obiano’s administration is anchored, is getting the desired attention in most of the food production belts of the state, thanks to the support by the FADAMA III Additional Financing and the international donor agencies, including the World Bank, which introduced new irrigation method […]

Headlines News

World Bank releases $486m to boost electricity in Nigeria

Ihesiulo Grace 17 February 2018 0

The World Bank has approved an International Development Association (IDA) Credit and an IDA Scale Up Facility Credit in the sum of $486 million equivalent for rehabilitation and upgrading of electricity transmission substations and lines in Nigeria. The investments under the Nigeria Electricity Transmission Project, is aimed at increasing the power transfer capacity of

Business

World Bank partners Osun state to empower MSMEs

Ihesiulo Grace 15 February 2018 0

The Osun State Agency for Community and Social Development Project has partnered the World Bank Group to commit over N2bn to social developmental projects aimed at reaching 1,073,129 beneficiaries in rural communities. According to a statement, the partnership is delivering 356 inclusive, gender-sensitive and multi-sectoral micro projects, covering education, rural

Business

ECOWAS, World Bank call for deepening regional integration

Ihesiulo Grace 12 January 2018 0

The Economic Community of West African States (ECOWAS) Commission and the World Bank have concluded a high-level consultation event on Regional Integration as a possible catalyst to reignite Africa’s economic growth engine. The meeting which took place in Abuja Nigeria, also assessed whether West Africa is currently reaping the full benefits of integration. In a […]

News

2018 Budget: Edo partners World Bank on expenditure framework, inclusive growth

Ihesiulo Grace 10 January 2018 0

The Edo State Government has revealed that it is partnering with the World Bank on its Medium-Term Expenditure Framework (MTEF) and Medium Term Sector Strategy (MTSS), for efficient allocation of resources and engender inclusive growth. Special Adviser to the Governor on Budget, Mr. Joseph Eboigbe, disclosed this in a chat with journalists in Benin City, […]

Business

Nigeria, Switzerland, World Bank sign tripartite MOU to return stolen $321m

Ihesiulo Grace 6 December 2017 0

Nigeria will receive the sum of $321m stolen and stacked in foreign bank account by late Head of State, General Sani Abacha as soon as a tripartite memorandum of understanding (MOU) signed on Tuesday by the Federal Government, Switzerland and the World Bank takes effect. A statement signed by Special Adviser to the Attorney General […]

Headlines News

Nigeria, Switzerland, World Bank sign tripartite MOU to return stolen $321m

Ihesiulo Grace 6 December 2017 0

Nigeria will soon receive $321m stolen and stacked in foreign bank account by a former Head of State, the late Gen Sani Abacha as soon as a tripartite memorandum of understanding (MOU) signed on Tuesday by the Federal Government, Switzerland and the World Bank takes effect. A statement by the Special Adviser to the Attorney […]

Business

Oxford University, World Bank task FG on poverty eradidation

Ihesiulo Grace 27 November 2017 0

The Authorities of Oxford University and World Bank have tasked Nigerian government to ensure bringing end urgently fish out the poor, as well as the vulnerable in the country, saying “Nigeria poverty is worrisome”. According to the national coordinator of the Social Safety Net Programme, Mr. Peter Papkar this onerous task of identifying and enumerating […]

Business News

Osinbajo gets report on 2018 Ease of Doing Business from World Bank

Ihesiulo Grace 9 November 2017 0

Vice President Yemi Osinbajo (SAN), on Wednesday, received the Report on 2018 Ease of Doing Business from the World Bank presented to him by the the World Bank Country Director, Rachid Benmessaoud. Osinbajo, after the presentation of the Report, went into a closed door meeting with the World Bank officials at his conference hall, Presidential […]

Business

Word Bank: Beware of fraudsters as we don’t organise cooperatives

Ihesiulo Grace 7 November 2017 0

The World Bank has issued stern warning to the public on deceptive news that the bank is organizing a ‘cooperative scheme’, saying that it is a ploy by scammers to defraud innocent Nigerians. In a statement made issued by the global bank’s spokesperson, Olufunke Olufon, on Monday, the bank said it had no hand in […]

News

World Bank earmarks $520m for rural roads

Ihesiulo Grace 26 October 2017 0

The World Bank has earmarked five hundred and twenty million dollars for rural roads infrastructure across selected states in the country. This was disclosed yesterday by the World Bank Country Director for Rural Access and Agricultural Marketing Project ( RAAMP ), Engineer Tunji Ahmed during a courtesy visit to Kwara State Governor, Dr Abdulfatah Ahmed […]

Headlines News

AFC, IFC partner on infrastructure development, others

Ihesiulo Grace 19 October 2017 0

Africa Finance Corporation (AFC), has, this month, become the 30th member of the Master Cooperation Agreement (MCA) at the World Bank’s Annual Meetings in Washington DC, United States of America. Created by the International Finance Corporation’s (IFC) in 2009, the MCA seeks to enhance cooperation among member development finance institutions (DFIs). Aside to

Politics

President Buhari’s northern Nigerian agenda

Ihesiulo Grace 18 October 2017 0

Clearly, many do not think that President Muhammadu Buhari’s alleged request for the World Bank to concentrate activities in Northern Nigeria is an innocent gaffe. The World Bank President, Jim Yong Kim, reveals: “In my very first meeting with President Buhari (in 2015), he said specifically that he would like (the World Bank) to shift […]