World Bank Funds Mortgages in Nigeria with $300 Million
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 […]
World Bank Gives Nigeria $200m Grant To Generate Employment
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, […]
Nigeria Gets N139 Bn from World Bank to Boost Agriculture – Minister
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 […]
World Bank: What Climate Change Means for Africa, Asia and the Coastal Poor
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, […]
World Bank: Climate Resilience and Low-Carbon Growth Critical for Nigeria’s Economic Future
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 […]
Paper Notes Return, Polymer Out, CBN Says
“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 […]
CNN’s Fareed Zakaria Expected in Nigeria for Airtel’s Night of Influence
The presenter of Global Public Square on CNN and Editor-at-large of TIME Magazine, Fareed Zakaria, is expected in Nigeria by mid-November for an event, Night of Influence, put together by Airtel. Night of Influence will have Zakaria speak on Africa’s Political Economy: The Challenge of Leadership. Business leaders, top bureaucrats and career folks are expected […]
Okonjo – Iweala Makes List For Forbes Most Powerful Women In The World!
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, enters the list of Forbes Most Powerful Women in the World at number 81. She is in a list that includes heads of states, CEOs, media personalities and entertainers.
Ngozi Okonjo-Iweala Adds Another Feather to Her Cap With a UN Appointment
Dr. Ngozi Okonjo Iweala is on the cusp of history on becoming a candidate for the presidency of the World Bank, as an African and as a woman. Riding on the wave of this notable achievement is a new appointment from the United nations to tackle child malnutrition. Nigeria’s Minister of Finance, Dr. Ngozi Okonjo-Iweala, […]