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

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 […]

News Top Stories

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 […]

Business

FMBN tasks World Bank on housing development in Nigeria

Ihesiulo Grace 16 October 2017 0

The Federal Mortgage Bank of Nigeria (FMBN) has called on the World Bank to have confidence in the bank and contribute towards improving its capacity in the provision of affordable housing in the country rather than focusing on creating parallel housing finance programmes that will lead to duplication of efforts on the part of government […]

News

Fayose attacks Buhari over world bank request

Ihesiulo Grace 14 October 2017 0

Ayodele Fayose, Ekiti State Governor, has said that he was not surprised by the comment from the President of the World Bank Group, Jim Yong Kim that President Muhammadu Buhari directed specifically that the World Bank should shift its focus to the northern region of Nigeria. ”The President has never hidden the fact that he is […]

News

$150bn required to provide clean water annually –World Bank

Ihesiulo Grace 28 August 2017 0

Countries need to quadruple spending to $150 billion a year to deliver universal safe water and sanitation, helping to reduce childhood disease and deaths while boosting economic growth, the World Bank said yesterday. Investments should be better coordinated and targeted to ensure services reach the most vulnerable, and governments need to engage the private sector […]

Abuja Times Nigeria

World Bank is waiting for Katampe PPP, says ICRC DG

Ihesiulo Grace 2 August 2017 0

The Acting Director-General of Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwa, has disclosed that the World Bank is waiting for the success of the Katampe District Public-Private-Partnership (PPP) engineering infrastructure project as a model which it can spread round the world. Izuwa made this revelation in his remark at the inauguration of the

Business News

‘Nigeria must address recession without IMF, World Bank’

Ihesiulo Grace 19 December 2016 0

The Federal Government of Nigeria (FGN) must look for a way of tackling the current recession experienced by the country without following International Monetary Fund (IMF) and World Bank formula. The Principal Consultant of B. Adedipe Associates Limited, Dr. Biodun Adedipe, stated this at the 2016 Nigeria Deposit Insurance Corporation (NDIC) workshop for Business Editors

News Top Stories

Edo partners World Bank, FG on poverty reduction

Ihesiulo Grace 1 December 2016 0

The Edo state Government has entered into partnership with the World Bank, the Federal Ministry of Finance as well as that of Budget and National Planning ministry to assist the state efficiently execute its poverty reduction schemes. A statement by the Chief Press Secretary to the state governor, Mr. John Mayaki, said the partnership is […]

Agriculture News

World Bank to Train Women, Youths in Commercial Agriculture in Kano

Ihesiulo Grace 5 May 2015 0

No fewer than 500 women and youths from Kano State are to benefit from the World Bank assisted Commercial Agriculture Development Project (CADP) This was made known by the Project Task Team leader, El-Hadj Adama Toure, who said this is in addition to a target of 10,000 small and medium scale commercial farmers along three […]

News

Chad to Receive $1.1bn Debt Relief – Finance Minister

Ihesiulo Grace 30 April 2015 0

Chad will receive $1.1bn in debt relief after completion of the Highly Indebted Poor Countries (HIPC) initiative of the World Bank and International Monetary Fund (IMF), its finance minister said on Tuesday.   Kordje Bedoumra said in an interview that the oil-producing central African nation – one of the poorest countries on earth – had […]

Business

Banks of Industry, Agriculture up for Bidding

Ihesiulo Grace 28 April 2015 0

  The Bureau of Public Enterprises (BPE) has announced its plans to commence the privatisation process of the Bank of Agriculture (BOA), Bank of Industry (BOI) and the Nigeria Commodity Exchange (NCX). This is contained in a statement made available to newsmen in Abuja by the Bureau’s Head, Public Communications, Mr. Chigbo Anichebe. The National […]

Health

World Bank Approves USD200 Million to Fight Polio in Nigeria

Ihesiulo Grace 16 April 2015 0

The World Bank Group’s Board of Executive Directors approved has US$200 million of International Development Association (IDA) additional financing for the final push to eradicate polio and sustain routine immunization for children under five years and women of reproductive age in Nigeria. Nigeria is making significant progress towards polio eradication, with no new cases

Business

MIGA Guarantee to Fast-Track Turkey’S Export Growth

Ihesiulo Grace 13 April 2015 0

Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, announced Friday that it will help Turk Eximbank provide medium and long-term funds to Turkish exporters, including small and medium enterprises (SMEs). MIGA is providing guarantees of US$333.0 million to a syndicate of banks, jointly led by

Banking Economy

FG to Obtain $2bn Loan from World Bank, AfDB

Ihesiulo Grace 27 March 2015 0

The federal government has announced plans to secure a $2 billion loan from the World Bank and the African Development Bank (AfDB) in a bid to aid the implementation of its policies and programmes for the year. The federal government made its plans known during an interactive session with journalists in Abuja organised by the […]