If approved, Nigeria will have secured a total of $4.25 billion in loans from the bank this year alone and a cumulative $6.95 billion under the administration of President Bola Tinubu.
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The Federal Government of Nigeria has formally requested the World Bank to cancel the non-disbursed balance of $41.62 million from…
“The global food crisis has been partially made worse by the growing number of food and fertilizer trade restrictions put in place by countries with a goal of increasing domestic supply and reducing prices.
During a tour and assessment exercise in Sokoto on Wednesday, the National Coordinator of the L-PRES project, Mr. Sanusi Abubakar, emphasized the federal government’s commitment to implementing effective plans through PPP.
The $45 million so far released represents about 10.5% of the total project’s cost, which is put at $430 million.
The amount of gas flared worldwide in 2023 rose by nine billion cubic meters (bcm) to 148 bcm, its highest level since 2019, a World Bank report has said.
“This combined total of $2.25 billion will offer essential financial and technical support as the government continues to address economic distortions.
“The forecast implies that throughout 2024-2026 countries that collectively account for more than 80 per cent of the world’s population will experience slower growth than in the pre-COVID decade.”
The World Bank Group (WBG) and the International Monetary Fund (IMF) deepen cooperation to help countries scale up action to…
The Minister of Water Resources and Sanitation, Prof. Joseph Utsev on Monday urged the World Bank to increase funding and…