World Bank

October 31, 2017

The YNaija Cover this evening – the 31st of October

Follow the links to read the stories and analyses on YNaija: Kachikwu says Nigeria will soon begin tracking its crude oil production World Bank rates Nigeria high on “Doing Business” and Osinbajo can’t hold his joy Opinion: How Nigerians are losing millions of dollars through cryptocurrency investments

cryptocurrency, Ibe Kachikwu, World Bank, Yemi Osinbajo, YNaija Cover

October 31, 2017

World Bank rates Nigeria high on “Doing Business” and Osinbajo can’t hold his joy

Vice-President Yemi Osinbajo on Tuesday expressed satisfaction over the World Bank’s latest “Doing Business” report that saw Nigeria moving up 24 places to 145th and recognising the country as one of the top 10 most improved economies in the world. He congratulated all stakeholders who worked with the Federal Government to achieve what he described... Read More

Doing Business, World Bank, Yemi Osinbajo

October 21, 2017

Farooq Kperogi: World Bank, Buhari, and Presidential Subnationalism

by Farooq A. Kperogi World Bank president Jim Yong Kim, in a news conference on October 12, reported President Muhammadu Buhari as having said the World Bank should “shift our focus to the northern regions of Nigeria.” Several commentators, particularly from the South, said the revelation provided evidence of the president’s prejudicial northern sub-nationalism.... Read More

Farooq Kperogi, nigeria, opinion, president buhari, World Bank

October 20, 2017

Opinion: Against the architecture of foreign aid

by James Inedu George The architecture of AID, from foreign NGOs and a host of international donors, was intended to serve as a catalyst to boost life in Africa. This aid was designed to fill in the gaps where the then short arms of the government could not reach. Like subsidy to products, it was... Read More

Buhari, Foreign Ai, Jim Ung Kim, Nigeria's debt profile, opinion, World Bank

October 17, 2017

Farooq Kperogi: Nigerians are right to be suspicious of Buhari

by Farooq Kperogi I finally got a chance to read the text of the interview in which World Bank president Jim Yong Kim reported President Buhari as having told him to “shift our focus to the northern regions of Nigeria.” Rather strangely, both the president’s critics and his defenders are right. Here is what I... Read More

Buhari, jim yong kim, nigeria, northeast, opinion, Politics, World Bank

October 16, 2017

The YNaija Cover this morning – the 16th of October

“We have been having successive accidental leaders since 1999” – Na’Abba President Buhari might just make someone’s dreams come true today We have investments scattered across Nigeria – World Bank

Accidental Presidents, Goodluck Jonathan, Muhammadu Buhari, olusegun obasanjo, Umar Yar’Adua, World Bank, YNaija Cover

October 16, 2017

We have investments scattered across Nigeria – World Bank

World Bank Group says it has an investment portfolio of about $8.5 billion scattered across states and regions in Nigeria. The Senior Communications Officer, World Bank Nigeria, Olufunke Olufon said this in a statement issued in Abuja on Sunday. She said the investments were to assist the 36 states of the federation and the federal... Read More

jim yong kim, Olufunke Olufon, World Bank

October 14, 2017

The Thread: This is why the South-East treatment differs from the North

Co-founder of Transparency Intl, Oby Ezekwesili yesterday defended Buhari’s decision to tell the World Bank to focus on the North East. She has also tackled the question about why the Igbos did not get the same priority after the war. See below: This is another thread but quite related to my earlier one on the... Read More

civil war, nigeria, north-east, south east, The Thread, World Bank

October 14, 2017

“Nigeria is now more divided than ever before” | Fayose attacks Buhari over World Bank request

The governor of Ekiti, Ayodele Fayose says President Muhammadu Buhari is the “number one promoter of disunity in Nigeria”. He spoke in reaction to the comments of the president of World Bank, Jim Yong Kim, who said Buhari asked the institution to focus on the North-East. Reference: Presidency asks “ethnic warriors to sheathe their swords” –... Read More

Ayodele Fayose, north-east, President Muhammadu Buhari, World Bank

October 14, 2017

3 governors from the South were present during Buhari’s request to the World Bank – Shettima

The governor of Borno, Kashim Shettima said five Governors, three of them representing the Southsouth, Southeast and Southwest and the late Nigerian Ambassador to the United States, Professor Adebowale Adefuye were present when President Muhammadu Buhari held a meeting with President of the World Bank in Washington back in July, 2015, during which the president... Read More

Kashim Shettima, north-east, President Muhammadu Buhari, World Bank

October 13, 2017

The YNaija Cover this evening – the 13th of October

Follow these links to read our cover stories and analyses on YNaija: “Let ethnic warriors sheathe their swords” | Presidency clarifies Buhari’s World Bank request “Every part of Nigeria matters to us” – Osinbajo “The diplomacy around Nigeria’s failure must end” – Ezekwesili

Obiageli Ezekwesili, Presidency, President Muhammadu Buhari, World Bank, Yemi Osinbajo, YNaija Cover

October 13, 2017

“Let ethnic warriors sheathe their swords” | Presidency clarifies Buhari’s World Bank request

The Presidency has Friday, clarified what President Muhammadu Buhari aims to achieve when he asked the World Bank to focus on rebuilding the North East. Reference: President of the World Bank Group, Jim Yong Kim Thursday, said the bank’s concentration on Northern Nigeria was as a result of President Muhammadu Buhari‘s request. Kim said, “You know, in my very... Read More

north-east, President Muhammadu Buhari, World Bank

October 13, 2017

The YNaija Tracklist: Buhari told us to focus on Northern Nigeria – World Bank | Stop Saraki, Senate from investigating me | IGP tells court | More stories

From the papers this morning – a tracklist. How much EFCC has recovered through whistleblowers – Magu – YNaija PDP is still suffering from the shock of defeat – Abdulsalami – YNaija Buhari told us to focus on Northern Nigeria – World Bank – YNaija Stop Saraki, Senate from investigating me | IGP tells court... Read More

Northern Nigeria, President Muhammadu Buhari, The YNaija Tracklist, World Bank

October 13, 2017

Buhari told us to focus on Northern Nigeria – World Bank

President of the World Bank Group, Jim Yong Kim on Thursday said the bank’s concentration on Northern Nigeria was as a result of President Muhammadu Buhari‘s request. Kim said this while speaking at a press conference in Washington DC, United States. What he said: In his first meeting with Buhari, the President told him to shift the bank’s... Read More

focus, nigeria, north, President Muhammadu Buhari, World Bank

October 11, 2017

[The Activism Blog] World Bank releases N30m to Kaduna schools

In its bid to improve teaching and learning facilities at a UBE Primary School with 22,240 pupils in Rigasa, a suburb of Kaduna, the World Bank has released the sum of N30 million. A representative of the bank, Dr Olatunde Adekola, said that the intervention was for the immediate upgrade of facilities at the school.... Read More

Counter Culture Blog

girl child, World Bank

October 10, 2017

33,000 teachers took a primary 4 test in Kaduna and this happened

About 21,780 out of 33,000 teachers have reportedly failed the primary four test administered to test their competence by the Kaduna State government. According to Vanguard, the state is, therefore, looking for 25,000 new teachers as one of the plans to restore dignity and quality to education. Governor Nasir el-Rufai of Kaduna unveiled the planned... Read More

33000 teachers, kaduna, Mallam Nasir el-Rufai, World Bank

October 4, 2017

Nigeria will record an inflow of $22bn from foreign remittances in 2017 – World Bank

The World Bank says Nigeria will record an inflow of $22 billion from foreign remittances in 2017 – an increase from $19 billion recorded in 2016. According to the Migration and Development Brief released by the bank on Tuesday, global remittance flow will recover in 2017 after two consecutive years of decline. Highlights: A statement on... Read More

Foreign remittances, nigeria, World Bank

September 24, 2017

There is a need to reform the governance structure of World Bank, IMF – Onyeama

The minister of foreign affairs, Geoffrey Onyeama at the 41st Ministerial Meeting of the Group of 77 plus China (G77+China) on the sidelines of the UN general assembly says there is a need to reform the governance structure of the Bretton Woods institutions which are the World Bank and the International Monetary Fund (IMF). Background:... Read More

Bretton Woods, Geoffrey Onyeama, International Monetary Fund (IMF), World Bank

August 14, 2017

Why I appointed Okonjo-Iweala finance minister – Obasanjo

Former President Olusegun Obasanjo has explained why he appointed Dr. Ngozi Okonjo-Iweala as Minister of Finance. Obasanjo said some of the projects in the Paris Club debt were fraudulent. He made this known in his new book titled “Making Africa Work”, launched recently in Victoria Island, Lagos. The book was co-authored by the former president... Read More

debt releif, finance mnisiter, ngozi okonjo iweala, olusegun obasanjo, World Bank

Climate Change action must go beyond Paris Accord – Macron

by Abayomi Gbadebello French President Emmanuel Macron on Thursday said action on Climate Change needs to go beyond the 2015 Paris agreement, Sputnik International reports. Macron’s comment has reinforced his earlier position on an international deal hit by U.S. President Donald Trump’s decision to pull out. “The Paris Agreement is a step in the right direction... Read More

climate change, donald trump, Emmanuel Macron, World Bank

5.5 million housing units will be provided for Nigerians – AFCO

The African Farmers and Cultural Organisation (AFCO), an NGO, has revealed plans to address 17 million housing deficit in the country with 5.5 million housing units for Nigerians. The President/Founder of AFCO, Prince Chukwunwike Esiole, at the unveiling of the firm in Lagos over the weekend, said the company aims to address deficit of over... Read More

5.5 million housing units for Nigerians, AFCO, African Farmers and Cultural Organisation, Chukwunwike Esiole, World Bank

‘FG seeks $5bn loan from World Bank to improve electricity’

The Federal Government is seeking a loan of $5 billion from the World Bank Group to boost power availability in Nigeria. The World Bank had in April stated that a delegation from Nigeria was in Washington DC to discuss assistance for the nation’s power sector, but did not disclose the details of the talks. However,... Read More

babatunde Fashola, Dan Asuquo, Enyinnaya Abaribe, kemi Adeosun, Sarvesh Suri, World Bank

We have put in place a very successful whistleblower programme | Adeosun tells IMF, World Bank, others

Minister of Finance, Kemi Adeosun has said the Federal Government’s whistleblower policy has been largely successful. Adeosun said this on Tuesday while speaking at the IMF Spring Meetings in Washington D.C. The minister urged African governments and the international communities to collaborate in order to check illicit financial flows (IFFs). “The government is focused on... Read More

corruption, IMF, kemi Adeosun, stolen funds, Whistleblower, World Bank

World Bank approves $200m to tackle Boko Haram insurgency in Nigeria

by Azeez Adeniyi The World Bank’s Board on Tuesday approved a $200 million credit for humanitarian activities and victims of Boko Haram insurgency in North East Nigeria. According to a statement issued on Tuesday by the World Bank’s spokesperson, Olufunke Olufon, the credit will provide rehabilitation in health, education, transport , water and sanitation in... Read More

200m, boko haram, nigeria, World Bank

Nigeria will soon recover from recession – World Bank

The World Bank has said Nigeria will soon get out of its economic recession. Country Manager in Nigeria, International Finance Corporation, Eme Essien-Lore said this in Lagos on Thursday. ”In our perspective and with the numbers that we have seen coming from the World Bank and the International Monetary Fund (IMF), Nigeria’s economy has recorded... Read More

Economic recession, nigeria, recover, World Bank

February 21, 2017

Nigeria will not seek IMF loan – Adeosun

by Dolapo Adelana Finance minister, Kemi Adeosun has said Nigeria will not apply for an International Monetary Fund (IMF) loan as it is pursuing its own economic reform plan. Adeosun disclosed this during an interview with CNBC, which was aired on Tuesday. “For us the IMF is really a lender of last resort when you... Read More

economy, IMF, kemi Adeosun, loan, nigeria, World Bank

February 18, 2017

N40m wildlife feeding budget, $2.5bn loan | The 5 numbers that mattered this week

N40 million – The amount of money set aside in the 2017 National Budget for feeding and maintenance of wildlife in Aso Rock Presidential Villa. N775 million – The Federal Government has released this amount for the Enumeration Area Demarcation exercise in preparation for the 2018 census programme according to the Chairman of the National... Read More

Featured, The News Blog

2018 census, debt, loan, national budget, numbers that mattered, wildlife maintenance, World Bank

February 15, 2017

BREAKING: World Bank to give Nigeria $2.5bn loan

The World Bank has agreed to give Nigeria a $2.5bn loan to support the budget. According to leading economic website, Business Day, the first tranche of $1.5bn will be released following Forex reforms by the Central Bank of Nigeria. BREAKING: @WorldBank agrees to $2.5bn #budget support for Nigeria. First tranche of $1.5bn tied to CBN reform... Read More

$2.5bn, Budget support, CBN, nigeria, World Bank

January 12, 2017

World Bank predicts end of recession this year

The World Bank on Wednesday said Nigeria will get out of recession this year and grow its Gross Domestic Product by one per cent. The bank in a statement said, “Sub-Saharan African growth is expected to pick up modestly to 2.9 per cent in 2017 as the region continues to adjust to lower commodity prices.... Read More

nigeria, prediction, recession, World Bank

January 10, 2017

Opinion: Will 24 hour power supply ever become a reality in Nigeria?

by Adetayo Adesola A constant burden on my living experience in Nigeria for over 20 years has been the inefficient power supply; I won’t be surprised if this was the case before I was born. As a result of the inefficiency in this sector, Nigerians have resulted in the use of generators to power their homes,... Read More

National Electric Power Authority, nigeria, Power Holding Company of Nigeria, power supply, World Bank

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