The Senate on Wednesday, April 21, approved the sums of $1.5billion and €995million external loans for the Federal and State Governments. According to events within…
Tag: World Bank
World Bank Praises Nigeria For ‘Exiting Recession Faster Than Expected’
The World Bank has said that Nigeria moved out of recession faster than its forecasts had predicted. This was contained in Africa’s Pulse, a biannual…
SERAP Writes World Bank To Publish Documents On Funded Electricity Projects In Nigeria
Socio-Economic Rights and Accountability Project (SERAP) has told the World Bank President Mr. David Malpass “to exercise the Bank’s prerogative to release archival records and…
Increasing Level Of Poverty In Nigeria, World Bank Raises Alarm
The World Bank has urged Nigeria urgently to implement key reforms; in order to get the economy out of the current doldrums and achieve sustainable…
Nigeria Gets An Approval For $1.5billion Loan From World Bank
The World Bank has after due consideration granted approval to Nigeria’s request for a loan of $1.5 billion to strengthen the country’s economy This was…
COVID-19 vaccines: World Bank approves $12bn for developing countries
The World Bank has approved $12 billion to help developing countries to buy COVID-19 vaccines. The organisation announced this in a statement on Wednesday. “The…
COVID-19 pushed 115 million people into extreme poverty – World Bank
For the first time in over two decades, global extreme poverty is expected to rise in 2020 due to COVID-19. The World Bank, in a…