•Tinubu The Tinubu-led federal government has sought the assistance of the World Bank to provide funding worth $50 million to support state governments for the installation of solar plant pilots and infrastructure upgrades. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun spoke on the initiative when he met with a Wo...
•A child at Nigeria’s IDP camp The deplorable state of the nation, the hardship level, heartbreaking state of Internally Displaced Persons (IDP) camps and the increasing poverty rate in Nigeria is a damning indictment of President Tinubu’s Renewed Hope Mandate promise to Nigerians. The further suspension of the activities of Humani...
The World Bank has said that the consequences of absenteeism on public expenditure in health and education sectors combined can be as high as 34 per cent. This was revealed in the latest World Bank’s Human Capital Public Expenditure and Institutional Review on Nigeria. The report indicated that the country’s public expenditure on health and [&...
In pursuit of securing a new $750m loan from the World Bank, the federal government may reintroduce previously suspended telecom tax and other fiscal measures. This is according to the Stakeholder Engagement Plan for Nigeria – Accelerating Resource Mobilisation Reforms programme between Nigeria and the World Bank, reports The PUNCH. A copy of ...
•Falana, SAN Human rights lawyer, Femi Falana, has accused the federal government of pandering to the whims and caprices of the International Monetary Fund (IMF) and the World Bank following a hike in electricity tariff. Falana claimed that the move is a policy imposed on the Nigerian government by the Bretton Wood institutions. “The Honourabl...
•Finance Minister Wale Edun The Federal Government of Nigeria has announced its qualification for a loan from the World Bank, totaling $2.25 billion. The federal government of Nigeria has announced its qualification for a loan from the World Bank, totaling $2.25 billion. Wale Edun, the finance minister, unveiled this milestone during a joint p...
The World Bank, yesterday, said that Nigeria’s inflation rate will remain high at 24.8 percent year-on-year, YoY, in 2024. The World Bank’s projection, however, is lower than February 2024 inflation, which stood at 31.7 percent. The World Bank also reaffirmed its projection of 3.3 percent economic growth for the country in 2024 and reduced its...
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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