Tag: World Bank
Worsening poverty: World Bank warns about looming unrest in Nigeria, Kenya,...
● Says 464m Sub-Saharan Africans now live in poverty
The World Bank has revised its economic growth forecast for the Sub-Saharan Africa (SSA) downward to...
Nigeria will need 15 years to transform economy – World Bank...
The World Bank says that Nigeria must sustain its current economic reforms over the next 10 to 15 years to position itself as a...
Over one million more Nigerians hit by severe food crisis in...
Nigeria is facing a worsening food security crisis, with more than one million additional people experiencing severe food insecurity in 2024 compared to the...
Nigeria gets the World Bank’s approval for a $500m loan
The World Bank has approved a $500 million loan to support the Sustainable Power and Irrigation for Nigeria (SPIN) project aimed at reducing climate-induced...
World Bank approves $1.57bn loan for Nigeria
The World Bank has approved three new loan requests totalling $1.57 billion in financing for Nigeria.
World Bank made this known in a statement on...
Nigeria emerges third-largest debtor to World Bank’s IDA, gets $2.2 billion...
Nigeria has become the third-largest debtor to the World Bank’s International Development Association (IDA).
It achieved the feat as of June 30, 2024, reflecting a...
Nigeria seeks World Bank’s approval for third restructuring of $180.2 million...
Nigeria is seeking the World Bank’s approval for a third restructuring of its $180.2 million nutrition project, officially known as the Accelerating Nutrition Results...
World Bank bans two Nigerians, one firm in March 2024 for...
The World Bank has imposed a ban on two Nigerian individuals and one Nigerian firm in March 2024 for engaging in corrupt and fraudulent...
Nigeria eyes $500 million World Bank loan to reduce staffing gaps...
Nigeria is on the verge of securing a $500 million loan from the World Bank, a significant financial boost aimed at addressing critical challenges...
World Bank predicts bigger Diaspora remittance for Nigeria in 2024
Nigeria has owned sizable shares of diaspora remittance, averaging $20 billion in foreign inflows in the last decade as such remittances become the most...
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