Tag: World Bank
-
Reps set to probe World Bank’s $300m Malaria IMPACT Funds
The House of Representatives has mandated its relevant committees to investigate the late/non-disbursement of the $300 million World Bank supported Immunisation Plus and Malaria Progress by Accelerating Coverage and Transforming Services Project (IMPACT) funds in Nigeria. The move was sequel to the adoption of a motion of public importance, on the urgent need…
-
NGF, World Bank, Ministers, to meet over economic crisis
Governors of the 36 states of the federation will be meeting with officials of the World Bank and three key ministers today (Tuesday) to discuss the worsening economic crisis, including galloping inflation, weakened currency, rising unemployment and deepening poverty in the country. It will be the 5th teleconference meeting of the Nigeria Governors’ Forum (NGF).
-
COVID-19 vaccines: World Bank approves $474m loan to S.Africa
The World Bank on Tuesday approved a loan of 454.4 million euros (474.4 million dollars) to help South Africa fund COVID-19 vaccine purchases. The bank and South Africa’s National Treasury in a statement said South Africa has recorded the most coronavirus cases and deaths on the African continent, with over 3.9 million confirmed cases and…
-
Ukraine: World Bank predicts more Nigerians’ll plunge into extreme poverty
Again, a new report of the World Bank has predicted that more people in Nigeria and its Sub-Saharan neighbours are expected to plunge into extreme poverty. The report published in the World Bank newsletter titled, “Global Economic Prospects,” disclosed that Russia’s invasion of Ukraine and its effect on the commodity market, supply chains, inflation, and…
-
PAGGW bloc: President Buhari calls for US$19bn support from World Bank, AfDB
The inter-basin transfer of water from Central Africa to the lake Chad should be taken seriously
-
FG begins airborne geophysical survey in Ekiti
The Federal Ministry of Mines and Steel Development in collaboration with the World Bank had embarked on an Airborne Geophysical Survey activity to determine the accurate mineral deposits in Ekiti State. The survey is being implemented through the Mineral Sector Support for Economic Diversification Project (MINDIVER), a World Bank assisted programme.
-
CORRUPT PRACTICES: World Bank sanctions SoftTech IT Solutions and Services Ltd, Isah Kantigi
The firm was sanctioned for 50 months and MD for 60 months
-
36 states in Nigeria to get $750m World Bank grant to improve governance
36 states in Nigeria to get $750m World Bank grant to improve governance
-
COVID-19 variants, rising debt, threaten global economic growth – World Bank
Global growth will slow down over the next two years in the face of “fresh threats” from COVID-19 variants and rising inflation, debt and income inequality, the World Bank said on Tuesday in its latest report. While economic growth experienced a strong rebound in 2021, it is expected to decline markedly from 5.5 per cent…
-
Why Nigerian government must not raise electricity tariffs – World Bank
Why Nigerian government must not raise electricity tariffs – WHO