Tag: World Bank
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Nigeria demands reform of IMF, World Bank
Nigeria has demanded the reform of the Bretton Wood Institutions to make them responsive to the needs of developing countries and also reflect the realities of the 21st century. The Minister of Foreign Affairs, Geoffrey Onyeama, stated this at the 41st Ministerial Meeting of the Group of 77 plus China (G77+China) on the sidelines of…
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World Bank spends $495m on irrigation in Nigeria
The World Apex Bank is to spend $495m on Irrigation irrigation schemes in Nigeria, Minister of Water Resources, Mr Suleiman Adamu said on Thursday. Adamu in an interview with newsmen on Thursday expressed hope that World Bank-funded $495m Transforming Irrigation Management in Nigeria programme will revamp irrigation management in Nigeria. He said that the seven-year…
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Lagos crucial to Nigeria’s economic stability, growth – World Bank
…We’re evolving a viable transportation system, says Gov. Ambode The World Bank on Thursday said that the role of Lagos to Nigeria’s stability and growth could not be overemphasized, as the State remains the economic gateway to the country and for the rest of the world. Country Director of World Bank, Mr. Rachid Benmessaoud…
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Again, FG seeks $5bn loan from World Bank to boost power supply
Investigations have shown that the Federal Government is seeking a loan of $5bn from the World Bank Group to boost power supply in the country. TheNewsGuru.com reports that the World Bank had in April stated that a powerful delegation from Nigeria was in Washington DC to discuss assistance for the nation’s power sector, but did…
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Google announces free Digital Journalism program for journalists in Africa
Google has announced its support for a Digital Journalism initiative that will see 6,000 African journalists trained in data journalism skills by the end of February 2018. Google News Lab and the World Bank are working with Code for Africa to empower journalists in Africa by giving them the necessary support to better understand the…
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UN nations tasked to return Nigeria’s stolen assets
Nigeria has renewed calls for the international community to ensure the return of stolen funds and assets illicitly stashed abroad in order for the country to utilise it for development purposes. Nigeria’s Ambassador/Permanent Representative to the UN, Prof. Tijjani Muhammad-Bande, made the call at a seminar on Combating Illicit Financial Flows and Enhancing Assets Recovery…
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How low income earning Nigerians can own houses for N30, 000 monthly
…Acting President details FG’s Social Housing Programme The Federal Government has started a N100 billion Family Home Fund – an initiative of the Federal Government’s social housing project that provides inexpensive mortgages to Nigerians who can afford N30,000 per month, Acting President Yemi Osinbajo, SAN, has said. Prof. Osinbajo who spoke about this at the…
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World Bank calls for improved infrastructure in African cities
The World Bank on Tuesday called for improved infrastructure for African cities to enable them develop along with their growing populations. Mrs Bella Bird, the World Bank Country Director for Tanzania, Malawi, Burundi and Somalia made the call at the bank’s training workshop for African journalists in Dar-es-Salaam. Bird said that as African cities were…
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FG collaborates with World Bank, AfDB to construct 700 kms roads in Kano
The Federal Government, in collaboration with the African Development Bank (AfDB) and the World Bank is to construct 700 kilometers of rural roads in Kano State. Mr Ubandoma Umarama, the National Coordinator, Federal Projects Monitoring Unit, disclosed this at a one-day stakeholders’ workshop in Kano on Monday. News Agency of Nigeria (NAN) reports that the…
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EXCLUSIVE: IMF, World Bank conspiring to kill Nigeria’s economy – Boyo
…Says FG, CBN not sincere about strengthening the Naira Renowned economist and founder, Allied Technol Systems Limited, Henry Boyo, has found the World Bank and its sister organization, the International Monetary Fund, IMF, culpable in respect of Nigeria’s economic woes. Without mincing words, he names the Bretton Woods institutions guilty for their actions and inactions…