The World Bank has initiated the disbursement of the approved $800 million allocated for the National Social Safety Net Program-Scale Up in Nigeria. Recent documents from...
The Federal Executive Council of Nigeria has approved a $3.45 billion loan application to finance five crucial projects. The projects span diverse sectors, encompassing power, renewable...
The Federal Executive Council (FEC) meeting unveiled a game-changing development on Monday. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced...
The World Bank Country Director for Nigeria, Mr. Shubham Chaudhuri, has voiced alarm over Nigeria’s exceptionally low levels of public spending, which he contends are among...
Investigation has shown that Nigeria faces the challenge of an unutilized World Bank loan amounting to $8.25 billion as of July 2023. This information has been...
The World Bank is planning to fund the construction of 1,000 mini solar power grids in Africa’s biggest economy Nigeria in partnership with the government and...
Nigeria's Economic Outlook Transformed: World Bank's Forecast of N3.9 Trillion Savings in 2023 Paves the Way for Sustainable Growth and Development
World bank approves $500 million loan to drive women's empowerment in Nigeria, promoting gender equality and sustainable development
In a significant development aimed at fortifying Micro and Small Medium Enterprises (MSMEs) and ensuring food security in Nigeria, the World Bank has granted a crucial...
Nigeria’s President Muhammadu Buhari has requested a fresh $800 million loan from the World Bank to fund the National Social Safety Net Programme. The loan will...