Tag: World Bank
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Human Capital Index: FG reacts to World Bank ranking of Nigeria
Following ranking of Nigeria among the seven worst countries in the newly released World Bank’s Human Capital Index report, the federal government (FG) has called on all stakeholders to find country-led solutions to the critical human capital challenges facing the nation. TheNewsGuru (TNG) reports Minister of Finance, Zainab Shamsuna Ahmed, who made this known on…
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Nigeria ranks 152 out of 157 countries on World Bank’s Human Capital Index
Nigeria has been ranked among the seven worst countries in the newly released World Bank’s Human Capital Index. In the index that was released on Thursday at the World Bank-IMF Annual Meetings, in Bali, Indonesia, Nigeria ranked 152 out of 157 countries on the list. Nigeria shared the bottom of the index with countries like…
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BREAKING: World Bank admits misleading Nigeria to ignore education, health sectors
The World Bank says it “has to take some responsibility’’ for advising Nigeria and other African countries to invest more in roads, railways and energy rather than in education and health. The World Bank President, Mr. Jim Yong Kim, made this known while briefing the media after the launch of the 2018 Human Capital Index,…
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Ahmed, Emefiele join other economic experts at IMF/World Bank meeting
The Minister of Finance, Mrs. Zainab Ahmed and the Central Bank of Nigeria governor, Mr. Godwin Emefiele, will join other economic experts from around the world to discuss issues affecting the global economy. Discussions would take place under the auspices of the World Bank Group and the International Monetary Fund. The 2018 Annual Meeting of…
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World Bank cuts Nigeria, South Africa, others’ growth forecast to 2.7%
The World Bank has cut its economic growth forecast for Nigeria and other sub-Saharan Africa countries for this year to 2.7 per cent from an earlier forecast of 3.1 per cent. The bank said on Wednesday that the cut was mainly because of slower-than-expected growth in the continent’s bigger economies, according to Reuters. It said…
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Digital skills: World Bank pledges support for Kaduna youth
The World Bank on Thursday pledged to support Kaduna State Government efforts in equipping youth with digital skills to tap from the income generation potential of virtual economy. Mr Rachid Benmessaoud, the World Bank Country Director, Nigeria, African Region made the pledged on Thursday through a video message played at the close of the three-day…
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Extreme poverty: FG rubbishes World Poverty Clock projections
The federal government has brushed off projections by World Poverty Clock compiled by Brookings Institute that showed Nigeria has overtaken India as the country with the largest number of extremely poor people in the world. The Ministry of National Planning Commission in a statement on Monday said the methodology of World Poverty Clock is based…
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Edo becomes model for devt funding in developing countries
Following the successes recorded in executing major infrastructure and social development projects in the state, especially the Edo-Azura Power Project, the World Bank has said that Edo State has become a model for development financing at the sub-national level in developing countries. World Bank Executive Director, Angola, Nigeria and South Africa sub-group, Ms. Bongi Kunene,…
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World Bank officials to meet Osinbajo, Govs, Adeosun over projects in Nigeria
A World Bank Mission, comprising of 10 Executive Directors, is expected in Nigeria on Wednesday to hold high-level discussions with the Vice President, Prof. Yemi Osinbajo, SAN; Minister of Finance, Mrs. Kemi Adeosun and some Governors over the Bank’s projects in the country. In the World Bank Mission are the Bank’s Executive Directors for Switzerland,…
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Senate working to grow digital financial technology in Nigeria – Saraki
President of the Senate, Bukola Saraki, on Thursday said that the Senate is working to ensure the growth of digital financial technology (FinTech) popularly known as digital financing in Nigeria. Saraki, according to a statement by his Chief Press Secretary, Sanni Onogu, in Abuja, stated this in his address before the Africa Finance Forum, organized…