Tag: World Bank
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Global economic growth projected to slow in 2023
Global economic growth was projected to slow to 1.7 per cent in 2023, 1.3 percentage points below the forecast made in June last year.
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The President we all need (1) – By Sonnie Ekwowusi
We can no longer leave the fate of our country and our lives in the hands of political misfits who don’t have the foggiest idea that political leadership basically entails improving the welfare of the people. Almost everyone you meet these days in Nigeria says it, and, I dare join today in saying it: now…
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N206bn insertion in 2023 budget: Resign now – Reps tell Humanitarian Minister
The House of Representatives on Tuesday asked the Minister of Humanitarian Affairs and Disaster Management, Hajiya Sadiya Farouk to quit as minister if she was not ready for the job.
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“Nigeria’s food, energy crisis worsened by Naira depreciation”- W’Bank
The World Bank has warned that the shrinking value of the Nigerian naira and the currencies of most developing economies are driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face. According to the World Bank’s latest Commodity Markets Outlook report, in US…
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Flood, passivity, and a ruined future – By Dakuku Peterside
This year, 2022, the floods seem to have united different parts of the globe. The World Bank report estimates that 1.18 billion people or 23% of the world population, face significant flood risks.
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DEBT: Nigerian govt in talks with IMF, World Bank
In a bid to restructure the country’s debts, the Nigerian government has been in talks with the International Monetary Fund (IMF) and the World Bank. This was reveales by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who noted that the country was considering tapping from the IMF’s newly created Food Shock…
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This is the face of poverty in Nigeria – By Owei Lakemfa
Poverty is often presented as statistics. But what the Yusufu Bala Usman Institute did on September 21, 2022 was to produce a book, The Face of Poverty in Nigeria, which focused on the faces behind the statistics.
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Nigeria’s World Bank debt rises to $21.15b from $12.72b
Nigeria’s debt to the World Bank has increased from $12.72bn to $21.15b as a result of undisbursed loans. The World Bank, while explaining the reason for the yet-to-be disbursed loans, particularly the signed loan commitments, said the “loans are not effective and disbursements do not start until the borrowers and/or guarantors take certain actions and…
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11-yr-old Kano girl food hawker, maths genius bags World Bank scholarship
11- year-old girl, genius who solves maths questions without the aid of a calculator or known formulae has bagged a World Bank scholarship. She narrated how she dropped out of school at Primary 4 due to bullying. The Adolescent Girls Initiative for Learning and Empowerment (AGILE), a World Bank-supported project, has offered a scholarship to…
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World Bank to support Nigeria with $8.5 billion to tackle Education, Agriculture
The World Bank has shown commitment and promised to support Nigeria with $8.5 billion in order to fund critical areas ranging from agriculture, economic education and to tackle other pending needs of the country. This piece of information was disclosed by Shubham Chaudhuri, the World Bank Country Director to Nigeria during a summit organized by…