Posts Tagged ‘World Bank’

Loan: FG To Borrow $750m From World Bank On Behalf Of States

By Adejumo Enock The federal government of Nigerian is planning to borrow $750 million to stimulate local economies and support vulnerable households consumption in Nigeria on behalf of state  Mrs. Zainab Ahmed,The Minister of Finance, Budget and National Planning disclosed this at the inauguration ceremony of the Federal Steering Committees of the Nigeria COVID-19 Action […]

#COVID19: World Bank Set To Donate Over $50bn In Grants To Most Affected Countries

World Bank announced recently that by June 2021, it would be donating over $50 billion in grants countries and individuals affected mostly by the COVID-19 Pandemic. President of World Bank Group, David Malpass explained that the latest review of poverty data by the bank, revealed overwhelming inequality caused by outbreak of the virus. He said […]

Governor Obaseki’s Education Reform Boosted, As World Bank Approves $75m Support Fund

The World Bank has supported the giant strides taken in the educational sector by Governor Godwin Obaseki’s government by approving $75 million that will be used to improve further the educational sector. The preferred candidature to represent the Peoples Democratic Party (PDP) gave this disclosure during his campaign rally of the still to come gubernatorial […]

World bank says 87% Nigeria’s poverty rate in North

According to the World Bank in a new report, the North accounted for 87 per cent of all the poor people in Nigeria in 2016. The report titled ‘Advancing social protection in a dynamic Nigeria’, released on January 28, 2020, was described as a ‘detailed analysis of the social protection sector’ in the country. The […]

Lack of connectivity in rural areas affecting digital ecosystem in Nigeria, World Bank report

The World Bank Group has launched its first Nigeria Digital Economy Diagnostic Report during an eSummit hosted by the government. The report reveals that although Nigeria is the largest mobile market in Sub Saharan Africa with a strong mobile broadband infrastructure and a vibrant digital entrepreneurial ecosystem, the lack of infrastructure and connectivity in the […]

World Bank economist becomes first IMF chief from emerging nation

Bulgarian economist Kristalina Georgieva was confirmed on Wednesday as managing director of the International Monetary Fund, becoming the first head of the global lender from an emerging market economy. A centre-right politician who grew up in Bulgaria under communism, Ms Georgieva built a reputation in her time at the World Bank and European Commission as […]