•Tinubu and World Bank logo The World Bank yesterday approved a $500 million financing package for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. A statement by the Bank said the operation under the Fostering Inclusive Finance (FINCLUDE) comprises a $400 million International Bank for Reconstruction and Development (IBRD) loan and a ...
•Tinubu and World Bank logo Nigeria’s barely 0.14 per cent budgetary allocation of its Gross Domestic Product on social protection is far below the global average of 1.5 per cent and the Sub-Saharan African average of 1.1 per cent, and has had no effect on poverty, so far. The World Bank, in a new report […]
•Tinubu and IMF logo Nigeria walked a fine line between applause and anxiety at the 2025 Annual Meetings of the International Monetary Fund (IMF) and World Bank, as the country’s reform momentum drew commendation from global financiers, while fiscal, debt, and oil-sector concerns triggered calls for vigilance and deeper discipline. The IMF, in...
•Malema and World Bank headquarters in Washington, DC South African opposition leader, Julius Malema, has cautioned the continent against loans from Brentwood organisations and others, warning that such moves can undermine Africa. Malema spoke yesterday in Enugu as a keynote speaker during the opening ceremony of the Nigeria Bar Association (N...
•Tinubu and World Bank logo The World Bank has approved an additional $65 million loan for Nigeria to support the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) project, increasing the total financing for the initiative to $145 million. The approval was granted on June 24, 2025, according to details posted on...
The World Bank is re-entering the nuclear energy space “for the first time in decades,” its President Ajay Banga said Wednesday, as it works towards meeting growing electricity demand in developing countries. Banga said in an email to staff that the bank will work closely with United Nations nuclear watchdog the International Atomic Energy Age...
•Tinubu and World Bank logo The federal government is expected to lose $4 million from a World Bank loan after failing to meet auditing standards on a key revenue reform covering the Federal Inland Revenue Service and the Nigeria Customs Service. The fund formed part of the $103m Fiscal Governance and Institutions Project, a public […]...
•Tinubu The World Bank has raised a fresh concern over the rising poverty in Nigeria, saying that a staggering 75.5 per cent of rural dwellers live below the poverty line. The World Bank stated this in its latest April 2025 Poverty and Equity Brief for Nigeria which was obtained yesterday, reports Daily Trust. It had, […]
•Tinubu The World Bank has projected that poverty will increase in Nigeria by three percentage points in five years to 2027. The World Bank made this projection in its Africa Pulse report released on the sidelines of the ongoing Spring Meetings of the IMF and World Bank in Washington DC, reports Vanguard. The report, among […]
•Tinubu The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to reject the recently approved $1.08 billion World Bank loan and instead direct the Attorney General of the Federation and Minister of Justice, Mr. Lateef Fagbemi (SAN), and appropriate anti-corruption agencies to promptly investigate the alle...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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