world bank
More Nigerians to Fall Below Poverty Line by 2027 – World Bank
The World Bank identified urbanisation as a critical driver of poverty alleviation, especially under favorable conditions. From 2010 to 2019, the majority of poverty reduction across the continent was attributed to urbanisation, rather than marked improvements in rural or urban
… Continue Reading
World Bank To Approve $2.2 Billion Loan For Nigeria In 2025 – See Project Breakdown
World Bank to Approve $2.2 Billion Loan for Nigeria in 2025 to boost education, healthcare, digital infrastructure, and economic resilience amid rising debt concerns
The World Bank is set to approve a $2.2 billion loan for Nigeria in 2025, funding … Continue Reading
NLC Urges IMF, World Bank to Halt Loans to Unaccountable Governments
Washington, D.C. – The Nigeria Labour Congress (NLC) has called on the International Monetary Fund (IMF) and the World Bank to stop granting loans to governments that lack accountability to their citizens, warning that such financial assistance only exacerbates governance … Continue Reading
World Bank Invests $1.2 Billion in girls’ education across 18 Nigerian states
World Bank Invests Heavily in Girls’ Education in 18 Nigerian States
In a landmark move to empower adolescent girls and improve secondary education in Nigeria, the World Bank has pledged a substantial investment of $1.2 billion to support the Adolescent … Continue Reading
FG’s Cash Transfer Beneficiaries Rise to 32.21m – World Bank Report
Abuja, Nigeria – The number of Nigerians benefiting from the Federal Government’s cash transfer programme has reached 32.21 million as of January 2025, according to a new World Bank Implementation Status & Results Report. The initiative, implemented under the National … Continue Reading
World Bank Report Reveals Over 700 Million People Living In Extreme Poverty
As global poverty remains a pressing issue, the World Bank’s 2024 report underscores the need for urgent action to tackle multidimensional poverty and economic instability.
The World Bank has issued a stark warning in its 2024 Year in Review report, … Continue Reading
Reps investigate alleged Mishandling of N350bn World Bank loan
House of Representatives Launches Investigation into Mismanagement of $232 Million World Bank Loan/Nutrition Fund
The House of Representatives has initiated an investigation into the alleged mishandling of the N350 billion ($232 million) World Bank loan designated for the Accelerating Nutrition … Continue Reading
World Bank Urges FG to Leverage NYSC Scheme for Economic Growth
Dr. Diop pointed out the NYSC scheme’s potential to deliver practical training to Nigeria’s annual 300,000 to 400,000 graduates, noting that the World Bank is exploring ways to support this initiative.
Washington DC – The World Bank has described Nigeria’s … Continue Reading
Naira Ranked Among Africa’s Worst Performing Currencies – World Bank
Abuja, Nigeria – The Nigerian naira has been ranked among the worst-performing currencies in Sub-Saharan Africa in 2024, according to the latest edition of Africa’s Pulse, a report by the World Bank.
The report reveals that as of the … Continue Reading
World Bank, Nigeria Partner to Boost Fishery Production
Responding to the World Bank’s interest, Oyetola expressed appreciation for the support and outlined several key initiatives being undertaken by the ministry.
Abuja, Nigeria – The World Bank has expressed its willingness to collaborate with Nigeria’s Federal Ministry of Marine … Continue Reading