Nigeria is facing a worsening food security crisis, with over one million additional people experiencing severe food insecurity in 2024 compared to the previous year, according to a report by the World Bank. The recently released Food Security Update Report highlights that countries like Nigeria, Ethiopia and Yemen have seen a significant rise...
•Tinubu The federal government, under the leadership of President Bola Tinubu, has secured loans worth $6.45 billion from the World Bank in just 16 months. The amount increased to the new figure following the recent approval of three new loans totalling $1.57bn from the World Bank for various projects in Nigeria and is expected to […]
No fewer than 404 million students globally have been affected by climate-related school closures between January 2022 and June 2024, according to a report by the World Bank. The report, titled “Choosing Our Future: Education for Climate Action,” attributes this figure to at least 81 countries temporarily shutting down schools due to floods, s...
•Nasarawa State governor, Abdullahi Sule The Nasarawa State governor, Abdullahi Sule, yesterday, said the World Bank loan received by states is for infrastructural projects and not to cushion the effects of hardship faced by Nigerians. Over the past nine months, the federal government disbursed N573 billion to state governors to fight poverty ...
•Uju Kennedy-Ohanenye and Tinubu The embattled Minister of Women Affairs, Uju Kennedy-Ohanenye has said that she was allegedly being victimised by some cabals in government because she refused to sign a $500 million World Bank loan request. On July 10, 2024, a near physical confrontation between Kennedy-Ohanenye, and the House of Representativ...
•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...
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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