Tag: World Bank
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Delta Govt. accesses N7.8bn UBEC funds
The Delta Government on Monday said it had accessed N7.8 billion Universal Basic Education Commission (UBEC) counterpart funds in four years. Mr Chiedu Ebie, the Commissioner for Basic and Secondary Education, disclosed this in Asaba at the 2018 Ministerial Press Briefing organised by the Ministry of Information. He said that the funds were accessed in…
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Adeosun, Emefiele represent Nigeria at IMF/World Bank meeting
The Minister of Finance, Mrs Kemi Adeosun and Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, left Nigeria for Washington DC on Sunday to join other economic experts from around the world to discuss issues affecting global economy. Discussions would take place under the auspices of the World Bank Group and the International Monetary Fund…
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DPP lauds Senate for rejecting El-Rufai’s $350m World Bank loan
The Democratic People’s Party (DPP) on Wednesday praised the Senate for rejecting the 350 million dollars loan application by the Kaduna State Government. The National Chairman of the party, Mr Garshon Benson newsmen in Abuja that the rejection of the loan application was in the interest of people and future of the state. “My party’s…
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We’ll pursue $350m World Bank loan without your approval – Kaduna Gov tells Senate
The Governor Nasir El-Rufai led Kaduna State Government has reacted to the Senate’s rejection of its $350million loan from the World Bank insisting that it would go ahead to pursue with or without the Senate’s approval. Recall that the Senate decided not to approve the loan request after a committee headed by Shehu Sani (APC-Kaduna)…
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Senate rejects El-Rufai’s $350m World Bank loan request
The Senate on Thursday rejected a request for a $350 million loan from the World Bank by the Kaduna State Government. The rejection followed a presentation of the committee’s report by the Chairman, Shehu Sani (APC, Kaduna Central). Last year, the Kaduna State Government requested the loan for ‘Development Policy Operation’ from the World Bank.…
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World Bank, EU train personnel from 52 MDAs in Delta
The World Bank and EU in collaboration with Delta government on Tuesday started training of over 100 workers of state on financial reforms. Mr Benson Okojo the Project Coordinator of the World Bank, EU sponsored State Employment and Expenditure for Results (SEEFOR) project said the training was to build the workers’ capacity on adequate budget…
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OAU opens ICT knowledge-driven Park
The Nigerian Computer Association says a knowledge-driven park with a Centre of Excellence in ICT situated in the Obafemi Awolowo University (OAU) to train software engineers will be ready in May. Prof. Adesola Aderounmu, the President of the Nigerian Computer Association made this known on Wednesday at an Academia-Industry Engagement/Interface seminar in Lagos. The World…
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Tech development: World Bank approves additional $3 million for Nigeria
The Federal Government on Monday said the World Bank has approved additional financing of $3 million to stimulate global competitiveness of raw materials for a diversified economy in Nigeria. Vice President Yemi Osinbajo stated this at the opening ceremony of the 2018 Technology and Innovation Expo in Abuja. The World Bank had in the first…
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Adeosun talks tough; tells World Bank, IMF, others to label tax evasion by Multinationals as foreign corrupt practices
The Minister of Finance, Mrs. Kemi Adeosun, has called for the designation of tax malpractices by Multinational Corporations in Nigeria and other developing countries as ‘foreign corrupt practices’. She made the call at the Platform for Collaboration on Tax (PCT) Conference in New York, which rounded up over the weekend. The PCT is an initiative…
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Nigeria gets $486m World bank loan to improve electricity transmission
The World Bank on Friday approved an International Development Association (IDA) Credit of 486 million dollars for the rehabilitation and upgrading of electricity transmission substations and lines. Ms Olufunke Olofon, Senior Communications Officer, World Bank, Nigeria, in a statement said that the investments would increase the power transfer capacity of the transmission network. The World…