Tag: World Bank
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President Tinubu requests $800m loan to pay poor Nigerians N8,000 monthly
President Bola Tinubu has sought the approval of the Senate to obtain a loan of $800 million from the World Bank to finance the National Safety Net Programme of the Federal Government.
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55,000 Nigerians benefit from World Bank/FG APPEALS project, says Coordinator
The World Bank/Federal Government Agro-Processing, Productivity Enhancement and Livelihoods Improvement Support (APPEALS), Project, says the project has lifted over 55,000 Nigerians out of poverty.
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Subsidy removal: Nigeria’s inflation expected to reach 25 per cent – World Bank
As the fuel subsidy removal takes toll, the World Bank has predicted a significant rise in Nigeria’s inflation rate. The Washington-based bank revealed this in its June 2023 edition of the Nigeria Development Update. The bank predicts that the inflation rate will hit 25% in the coming months, attributing this surge to the adverse impact…
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Subsidy removal: Over 7.1 million Nigerians may enter extreme poverty – World Bank warns
Following the removal of fuel subsidy, the World Bank has disclosed that over 7.1 million Nigerians may enter extreme poverty if the federal government fails to provide palliative measures. The World Bank disclosed this in its June 2023 edition of the Nigeria Development Update on Tuesday in Abuja. Recall that President Bola Tinubu introduced some…
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World Bank lauds Delta govt’s exemplary partnership
…extends program by extra 12months The World Bank on Tuesday hailed Delta State Government for its exemplary partnership in programme delivery. To this end, the world body has given Delta extra 12months extension to achieve its goals to indigent Deltans. The Bank’s NG-CARES Task Leader, Professor Foluso Okumadewa gave the commendation when he led a…
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World Bank approves another $500 million loan for Nigeria
The World Bank has approved another $500 million loan for Nigeria to improve the livelihood of women in the country. According to the World Bank the loan will help to empower and improve the livelihood of the female gender in Nigeria.
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Southern, Middle Belt leaders call on Buhari to rescind decision to request for $800m loan
The Southern and Middle Belt Leaders Forum (SMBLF) has appealed to President Muhammadu Buhari to rescind his decision to request for the approval of $800 million loan from World Bank. Recall that just few days to leaving office, president Buhari wrote to the Senate and House of Representatives to approve the loan request to finance…
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FG denies seeking another $800m World Bank loan
The federal government has said that it was not seeking another $800 million loan from the World Bank to cushion the impact of the impending removal of petroleum subsidy.
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Delta to access $20m from World Bank assisted water project
The Delta government says it is working on plans to access a 20 million dollars grant under the World Bank Sustainable Urban and Rural Water Supply, Sanitation and Hygiene (SURWASH) programme.
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World Bank president announces intention to step down
The World Bank Group President, David Malpass has announced his intention to step down from his position by the end of the Bank Group’s fiscal year on June 30. This is contained in a statement obtained from the World Bank website on Thursday in Abuja.