Tag: World Bank
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Ending poverty can take over 100 years – World Bank
The World Bank says it could take more than a century to eliminate poverty for nearly half the world. According to the Bank’s new Poverty, Prosperity, and Planet Report released on Tuesday, this accounts for people who live on less than 6.85 dollars per day.
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World Bank approves $500m COVID-19 grant for Nigeria
The World Bank has announced a 500-million-dollar grant to support Nigeria’s recovery efforts from the impacts of the COVID-19 pandemic. The fund will be utilised through the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) programme.
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Nigeria spent N10trn subsidizing petrol, exchange rates by 2022 — World Bank reveals
The World Bank has revealed that Nigeria spent N10 trillion a year subsidizing petrol and exchange rates by 2022.
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World Bank approves fresh $500m loan for Nigeria
The World Bank has approved a 500 million dollar loan to support the Sustainable Power and Irrigation for Nigeria (SPIN) project aimed at reducing climate-induced challenges.
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Nigeria’s public policy gambles – By Dakuku Peterside
In July 1986, Nigeria’s military president, General Ibrahim Babangida, launched a public policy initiative hailed as the silver bullet for Nigeria’s distressed economy: the Structural Adjustment Programme (SAP). A local adaptation of an IMF/World Bank initiative, SAP was intended to stabilise the economy. However, within a year of its implementation, the programme had left a trail of hunger,…
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World Bank appoints Ndiamé Diop as Country Director for Nigeria
The World Bank has appointed Dr Ndiamé Diop as the new Country Director for Nigeria, a statement by the Bank has said. In a statement obtained on Monday, said Diop assumed his new position in Abuja and succeeded Shubham Chaudhuri, who completed his term in the same capacity.
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Internet connectivity most expensive in Africa – World Bank
A new World Bank report has revealed that Internet connectivity is most expensive in Africa and that the global digital landscape remains uneven and is becoming synonymous with a development divide.
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World Bank and IMF: In the shadow of their talons – By Owei Lakemfa
THE American World Bank and the Europe an International Monetary Fund, IMF, have in the past few weeks circled round Nigeria like vultures waiting for the prey to die. The twin organisations have become more active and quite audacious since President Bola Ahmed Tinubu
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World Bank funds Medical laboratory in UNIPORT
The University of Port Harcourt (UNIPORT) has acquired a Medical Simulation Laboratory to enhance healthcare delivery and training in Nigeria. UNIPORT’s Vice-Chancellor, Prof. Owunari George, will announced the development in a statement issued by the institution’s spokesman, Dr Sam Kpenu, in Port Harcourt on Saturday.
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World Bank opens up on state of global food prices
The World Bank declared in its latest Food Security Update report on Tuesday that available data on food prices showed high inflation in low, middle and high-income countries.