Archives Tag: World Bank
World Bank Ranks Nigeria 169th in Doing Business Report
April 19, 2022
The World Bank has ranked Nigeria 169 out of 189 countries in its latest report on the ease of doing business globally. A statement by the Head of Communications of the World Bank in Nigeria, Mr. Obadiah Tohomdet, on Tuesday in Abuja noted that the report considered the ease of obtaining construction permits, getting electricity, … Continue reading World Bank Ranks Nigeria 169th in Doing Business Report
By ejura
Global Investment Firm Hires Dr. Ngozi Okonjo-Iweala
April 19, 2022
A 167-year-old global investment firm, Lazard has hired Nigeria’s former finance minister, Ngozi Okonjo-Iweala as a senior advisor. “She will bring a unique international expertise and experience that will benefit both our sovereign and corporate clients,” Matthieu Pigasse, Global Head of M&A and Sovereign Advisory of Lazard, said in an official statement. Source: BusinessDay Newspaper
By ejura
World Bank Guarantees Nigeria a 450 Megawatts PowerPlant
April 19, 2022
Nigeria signed a financial agreement with the World Bank on Friday towards the ongoing construction of a power plant which will boost the country’s power supply by 10%. The agreement signed has partially guaranteed that $237 million of debt will be used to build the Azura Electricity Plant in Benin city. In a statement released … Continue reading World Bank Guarantees Nigeria a 450 Megawatts PowerPlant
By mary-odunuga
FG Receives $2.1 Billion Credit from World Bank to Rebuild North Eastern Nigeria
April 19, 2022
The Federal Government has received a 2.1 billion dollar credit facility from the World Bank. The money will be used to rebuild the troubled North East zone in Nigeria. This was announced in a statement released by the Special Adviser to President Buhari on Media and Publicity, Femi Adesina. Read the full statement below: The … Continue reading FG Receives $2.1 Billion Credit from World Bank to Rebuild North Eastern Nigeria
By ejura
Nigeria, South Africa, Egypt Account For Half of Africa’s Economy, World Bank
April 19, 2022
According to new data released by the World Bank Group last week, Nigeria, South Africa and Egypt account for about half of the African economy. The report said that low income economies, as a share of world GDP, were more than two times larger based on Purchasing Power Parity, PPP, than respective exchange … Continue reading Nigeria, South Africa, Egypt Account For Half of Africa’s Economy, World Bank
By elizabeth
EDUCATION News Research Science & Technology
10 Nigerian Universities Get $80million Grant from World Bank for Centres Of Excellence
April 19, 2022
Ten Nigerian universities are to benefit from a grant of 80 million dollars donated by the World Bank for the funding of centres of excellence. According to the Executive Secretary of the National Universities Commission (NUC), Prof. Julius Okojie, Nigeria won 10 slots out of the 18 approved proposals for the establishment of African Centres … Continue reading 10 Nigerian Universities Get $80million Grant from World Bank for Centres Of Excellence
Obafemi Awolowo University, OAU, Gets N1.3 billion from World Bank
April 19, 2022
The Obafemi Awolowo University, OAU, Ile-Ife, has received a grant of $8 million (N1.3 billion) from the World Bank. This is contained in a statement signed by Abiodun Olarewaju, the Public Relations Officer of the University and made available in Osogbo, the state capital, on Wednesday. Mr. Olarewaju said that the grant would be used … Continue reading Obafemi Awolowo University, OAU, Gets N1.3 billion from World Bank
AfDB to Co-host ‘Africa Day’ in Washington
April 19, 2022
The African Development Bank (AfDB) has announced it will collaborate with the World Bank to host the first ever ‘Africa Day’ during the Law, Justice and Development (LJD) Week 2013, on 20th November at the World Bank Group Headquarters in Washington DC. The LJD Week is organized annually to provide a forum for legal and development … Continue reading AfDB to Co-host ‘Africa Day’ in Washington
By kunle-binuyo
BUSINESS ECONOMY International News
Doing Business Report: World Bank Ranks Nigeria 147
April 19, 2022
The World Bank, in its ease of doing business report released Tuesday and titled “Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises”, ranked Nigeria 147 of 189 countries surveyed. The report looks at ten indicators, including business registration, electricity, protecting investors, registering property, getting credit, enforcing contracts and paying taxes; the report also … Continue reading Doing Business Report: World Bank Ranks Nigeria 147
By sheyi
World Bank Funds Mortgages in Nigeria with $300 Million
April 19, 2022
The World Bank Board of Directors have approved $300 million credit to help provide affordable mortgages for middle-income and lower income families in Nigeria. “The Nigerian financial system has quickly grown and is becoming increasingly integrated into the regional and global financial systems,” said Marie Francoise Marie-Nelly, the World Bank Country Director for Nigeria. “Today’s … Continue reading World Bank Funds Mortgages in Nigeria with $300 Million
By sheyi
World Bank Gives Nigeria $200m Grant To Generate Employment
April 19, 2022
The World Bank has given Nigeria a grant of $200 million for employment generation. According to Gombe State Governor, Mr. Ibrahim Dankwambo, “The grant was meant to support current schemes to boost the employment generation among young people.” “The grant is also meant to uplift the quality of education and boost food production in Nigeria, … Continue reading World Bank Gives Nigeria $200m Grant To Generate Employment
By sheyi
Nigeria Gets N139 Bn from World Bank to Boost Agriculture – Minister
April 19, 2022
Nigeria has received ₦139.5 billion from the World Bank in the last two years to boost agricultural development, Agriculture Minister, Akinwumi Adesina, said at the concluded All Nigerian Editors’ Conference in Asaba. He said, “Nearly N62 billion of the amount was specifically pumped into irrigation development. The African Development Bank (ADB) had provided nearly ₦77.5 billion to … Continue reading Nigeria Gets N139 Bn from World Bank to Boost Agriculture – Minister
By sheyi
Agriculture ECONOMY Environment
World Bank: What Climate Change Means for Africa, Asia and the Coastal Poor
April 19, 2022
As the coastal cities of Africa and Asia expand, many of their poorest residents are being pushed to the edges of livable land and into the most dangerous zones for climate change. Their informal settlements cling to riverbanks and cluster in low-lying areas with poor drainage, few public services, and no protection from storm surges, … Continue reading World Bank: What Climate Change Means for Africa, Asia and the Coastal Poor
World Bank: Climate Resilience and Low-Carbon Growth Critical for Nigeria’s Economic Future
April 19, 2022
Nigeria’s economy can be made more climate-resilient and less carbon-intensive without foregoing growth, argue two new World Bank reports: “Toward Climate-Resilient Development in Nigeria” and “Low-Carbon Development Opportunities for Nigeria,” released this week. These studies are the fruit of a two-year long collaboration between the World Bank and the Government of Nigeria to address the challenges … Continue reading World Bank: Climate Resilience and Low-Carbon Growth Critical for Nigeria’s Economic Future
Paper Notes Return, Polymer Out, CBN Says
April 19, 2022
“By the middle of the year, we will start to produce the second generation of lower denomination notes, now in paper not in polymer,” says the Deputy Governor of the Central Bank of Nigeria (CBN), Tunde Lemo, at the ongoing World Bank/International Monetary Fund (IMF) forum in Washington United States. He continued, “My plea is … Continue reading Paper Notes Return, Polymer Out, CBN Says
