world bank
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economy
World Bank’s project to boost agric potentials in rural Kano
The Rural Access in Agriculture Marketing Project (RAAMP) says it has initiated viable programs to improve the social and economic wellbeing of rural dwellers in Kano State. RAAMP is an infrastructure-based project funded by the World Bank, the Development Finance Agency, and stakeholders in the construction and environment sectors. It seeks to fasttrack the construction of access roads, hospitals, markets,…
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Featured
Nwifuru pays N450m counterpart fund for World Bank’ women project
Gov. Francis Nwifuru of Ebonyi says the State Government has paid N450 million counterpart fund for the Nigerian Women Project in the state. Nwifuru said this on Saturday, while declaring open this year’s Ebonyi Women’s August Meeting, with the theme: “A wise woman builds her home”. He said that the project is a World Bank-Assisted Programme that is aimed at…
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economy
Katsina State Govt clears air on N15.4bn received from World Bank
The Katsina State Government has clarified that the N15.4 billion the state received, was a reimbursement from the World Bank through the Federal Ministry of Budget and Economic Planning for Covid-19 project (NG-CARES). The Commissioner of Budget and Economic Planning, Alhaji Bello Kagara, who made the clarification on Thursday in Katsina, said the money was not a relief fund. The…
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economy
World Bank appoints Ndiamé Diop as Country Director for NigeriaAppointment
The World Bank has appointed Dr Ndiamé Diop as the new Country Director for Nigeria, a statement by the Bank has said. The statement obtained by the News Agency of Nigeria (NAN) said Diop assumed his new position in Abuja on Monday and succeeded Shubham Chaudhuri, who completed his term in the same capacity. It said in his new position,…
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Featured
World Bank, REA delegation inspect work on 12 megawatts solar project in Borno
Mr Ashish Khanna, the World Bank Practice Manager for West Africa has commended the level of work on the 12 megawatts University of Maiduguri (UNIMAID) solar power project. Also satisfied with the level of work on the project, expected to be completed in September, is the Managing Director of Rural Electrification Agency (REA), Mr Abba Abubakar. The News Agency of…
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economy
Global growth stabilises for first time in three years – World Bank
The global economy is expected to stabilise for the first time in three years in 2024 but at a level that is weak by recent historical standards, says the World Bank. This is contained in a statement issued by the bank’s online media briefing centre on the World Bank’s latest Global Economic Prospects report on Tuesday. According to the statement,…
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Featured
Lagos disburses N1.3bn to 11,386 households – Commissioner
Lagos State government has disbursed over N1,346,030,000.00 to 11,386 households through its bi-monthly Conditional Cash Transfer (CCT) programme. The Lagos State Commissioner for Wealth Creation and Employment, Mr Akinyemi Ajigbotafe, said this at the 2024 Ministerial Briefing on Thursday at Bagauda Kaltho Press Centre, Alausa, Ikeja. “We have 12 local governments that have benefitted from this programme and they are…
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foreign
Georgieva to serve second term as IMF Managing Director
The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on Oct. 1, 2024. In a statement issued by the IMF Press Center on Saturday, it said that the board’s decision was taken by consensus. The statement said that in line with the selection process…
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economy
African economies to grow at 3.4% in 2024- World Bank
The World Bank has projected that growth will rebound in African economies from 2.6 percent in 2023 to 3.4 percent in 2024 and 3.8 percent in 2025. This is contained in a statement issued by the World Bank on its latest Africa’s Pulse Report, released on Tuesday. The report said increased private consumption and declining inflation were supporting an economic…
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economy
NGO seeks gender equality in access to business funding, investment
An NGO, HEIR Women Hub, has called for gender equality in access to business funding and investment to address challenges faced by female entrepreneurs in Nigeria. Anuli Aniebo, the Executive Director of HEIR Women Hub, made the call in Abuja. Aniebo said a survey conducted by the NGO and was funded by the African Women Development Fund under the Economic…
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General News
Digital literacy: FG, World Bank train 250 teachers in N/East
The Federal Government, in collaboration with the World Bank, has trained 250 technical teachers and instructors in digital literacy skills in the North-East. The trainees were also exposed to pedagogy and trade specifics under the Innovation, Development, and Effectiveness in Acquisition of Skills (IDEAS) project being implemented by the federal government in partnership with the World Bank. Mr. Anthony Aboki,…
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education
Adamawa tasks stakeholders on credible schools census
Adamawa State Government on Thursday in Yola tasked education stakeholders to generate credible data during the Annual Schools Census (ASC) to enhance the development of education in the state. The Commissioner for Education and Human Capital Development, Dr. Garba Pella, made the call at the first census planning meeting held in collaboration with Better Education Service Delivery for All (BESDA).…
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Energy & Environment
Gov. Aliyu urges World Bank to review project procurement framework
Gov. Ahmad Aliyu of Sokoto State has urged the World Bank to ease procurement processes to address bottlenecks in project implementation. Aliyu made the call during a stakeholders’ meeting organised by the Sokoto State Agro-Climatic Resilience in Semi-Arid Landscapes Project (ACReSAL) on Wednesday in Sokoto. He said that it was crucial to address bottlenecks in procurement to fast-track timely delivery…
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foreign
World Bank grants $300m to help Angola speed up economic diversification
The World Bank has granted Angola 300 million U.S. dollars to help it diversify its economy. The funding for the “Diversifica Mais (D+)” project was announced by Ivan dos Santos, the Angolan Secretary of State, for public investment. The project focuses on accelerating Angola’s “sustainable and geographically balanced” economic diversification, with the private sector as the main actor. One of…
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economy
Global child deaths drop to 4.9m in 2022– UN report
The number of children who died before their fifth birthday has reached a historic low, dropping to 4.9 million in 2022. This is according to the latest estimates released on Wednesday by the United Nations Inter-agency Group for Child Mortality Estimation (UN IGME). The News Agency of Nigeria (NAN) reports that the global under-five mortality rate declined by 60 percent,…
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economy
World Bank tasks Nigeria on increased broadband penetration in rural areas
The World Bank has tasked Nigeria to increase its broadband penetration to provide internet access to people in rural areas and remote places. The World Bank Country Director, Shubham Chaudhuri, made the call while speaking on the sidelines of the maiden Digital Economy Regional Conference on Tuesday in Abuja. The two-day conference is with the theme: “Positioning West African Digital…
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economy
World Bank downgrades 2023 global growth forecast to 1.7%
Global economic growth was projected to slow to 1.7 per cent in 2023, 1.3 percentage points below the forecast made in June last year. Marking its third-weakest pace in nearly three decades, the World Bank Group said in its latest Global Economic Prospects release. Given such adverse shocks as high inflation, rising interest rates, sluggish investment and the Ukraine crisis,…
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