•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...
•Tinubu The World Bank has approved three operations in Nigeria, totaling $1.08 billion in concessional financing, to enhance education quality, build household and community resilience, and improve nutrition for underserved groups. This includes $500 million in additional financing for the Nigeria: Community Action for Resilience and Economic...
•Tinubu The World Bank has approved over N13.21 trillion ($8billion) as loans for different developmental projects for President Bola Ahmed Tinubu-led federal government in the last 20 months. Analyses of the various loans indicated that they were targeted at several interventions in various sectors of the economy with three fresh loans amount...
The World Bank is set to approve fresh loans totalling $632m to Nigeria today (Monday) amid mounting concerns over the country’s rising debt profile. The loans are to support critical areas, including nutrition improvement and quality basic education, reports The PUNCH. Information obtained from the World Bank’s website yesterday showed that t...
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