•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...
•Tinubu The federal government is set to secure six new loans totalling $2.23 billion from the World Bank in 2025 as the international financial institution continues to support the country’s economic and structural reforms. Data from the World Bank’s official website indicates that this will bring Nigeria’s total approved loans to $9.25 billi...
The World Bank has revealed that 45 per cent of girls in Nigeria give birth before the age of 18. This was disclosed by the World Bank Country Director, Ndiame Diop, at the National Conference on Girls’ Education and Empowerment held in Abuja today, reports The PUNCH. Speaking at the conference themed “Effective Partnership on […]
The World Bank has announced the removal of several loan fees to make borrowing more affordable for vulnerable countries. The move is part of broader efforts to expand financial capacity and address urgent global challenges, including climate change, inequality, and economic fragility, reports The PUNCH. The global bank disclosed this through ...
•Tinubu and World Bank The World Bank is set to decide on three major loan projects for Nigeria in 2025, totalling $1.65 billion, as part of efforts to address critical developmental challenges in the country. The loans, currently in the pipeline, will focus on internally displaced persons, education, and nutrition enhancement, reports The PUN...
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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