Posts Tagged ‘World Bank’

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

by Seun Adeuyion February 11, 2020
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

by Ikokwu Ikembaon November 30, 2019
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

by Ikokwu Ikembaon September 25, 2019
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 […]

President Buhari’s Administration Increases Borrowing to Finance Government Spending

by Breaking Timeson September 20, 2019
The World Bank and Nigeria are in talks for as much as $2.5bn (R37bn) in a new tranche of concessionary lending to Africa’s most populous country, Vice President for Africa Hafez Ghanem said. In the past year Nigeria received $2.4bn from the World Bank, Ghanem said in an interview in Abuja, the West African nation’s […]

Despite $81bn Debt Burden, Nigeria Seeks $2.5bn World Bank Loan

by Ikokwu Ikembaon September 20, 2019
Nigeria and the World Bank have begun talks for a loan of $2.5 billion in a new tranche of concessionary lending by the multilateral financial institution. In the past year, Nigeria received $2.4 billion from the World Bank, World Bank’s Vice President for Africa Region, Mr. Hafez Ghanem, told Bloomberg Thursday in an interview. If […]

World Bank Offering $4b Grants To States ~ NGF Chairman

by Ikokwu Ikembaon June 26, 2019
Some states of the federation are enjoying various grants and soft loans worth about $4billion from the World Bank to enhance their abilities to meet the aspirations of their people, the Chairman of the Nigeria Governors Forum (NGF) and Governor of Ekiti State, Kayode Fayemi, has disclosed. He stated this during a meeting of the […]