The World Bank’s latest Nigeria Development Update reveals a concerning rise in poverty levels, with more than 129 million Nigerians now living below the national poverty line. Released on Thursday in Abuja, the report highlights […]
The World Bank has announced the approval for three new projects with the funding sum of $1.57 billion in Nigeria. In a statement released on Monday, the World Bank said the new funding will help […]
The International Development Association (IDA), a crucial entity of the World Bank Group, focuses on providing financial assistance to the world’s poorest nations. It supports initiatives aimed at reducing poverty, fostering economic growth, and addressing […]
The World Bank has appointed Dr. Ndiamé Diop as the new Country Director for Nigeria, succeeding Shubham Chaudhuri who recently completed his term. This announcement was made in a statement released by the World Bank […]
President Bola Tinubu’s efforts to stabilize Nigeria’s economy and enhance support for its most vulnerable citizens have received a substantial boost with a $2.25 billion support package from the World Bank. The announcement came from […]
Nairobi, the capital of Kenya, is hosting a number of African leaders at the World Bank’s International Development Association (IDA21) summit. The two-day conference’s objectives are to discuss the continent’s development issues and work toward […]
Following the announcement of $4.5 billion ($3.5 billion) in debt relief for the nation by the IMF and World Bank, the government of Somalia celebrated on Wednesday in the country’s capital, Mogadishu. The relief is […]
The World Bank has finally distributed approximately $299.99 million of the $800 million allocated for the National Social Safety Net Program-Scale Up to Nigeria. According to Bretton Woods data, there is a $442.88 million outstanding […]
In order to assist South Africa in resolving its energy issue and battling its worst-ever power outages, the World Bank will lend the nation $1 billion (827 million). Although there have been power outages since […]
The Federal Government of Nigeria has secured a $1.5 billion concessional loan for budget support from the World Bank. https://youtu.be/v9yjwmg2Ry8?si=UvA8ZTUEXiaZZXEs The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, revealed this while […]
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