Tag: World Bank

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…

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[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…

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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,…

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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…

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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…

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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…

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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…

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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…

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‘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…

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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…

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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…

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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…

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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…

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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…

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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…

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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,…

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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…

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My stance against devaluation in 1984 led to my overthrow – Buhari

President Muhammadu Buhari says his decision to kick against the devaluation of the Naira in 1984 led to his ouster from office, The Cable reports. Buhari said this in Abuja on Friday night…

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The Future Awards Africa announces plans for next 10 years, rolls out country-to-country model, opens up franchises

The Central Working Committee for Africa’s biggest youth event, The Future Awards Africa (TFAA), has announced its plans for the next 10 years of the awards. The move follows a…

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$29.96 billion, 33000 | 5 numbers that mattered this week

$29.96bn - The amount of loan the Federal Government of Nigeria plans to borrow from the World Bank, African Development Bank, Japan International Co-operation Agency, Islamic Development Bank and China…

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How $29.96bn loan will be spent – FG

The Federal Government has given a breakdown on how it intends to spend the $29.96bn loan it plans to borrow. The FG says it plans to get the loan from the…

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The YNaija Tracklist: #Debate: Clinton going to jail once Trump becomes president | FG’s withdrawal of forgery case not worth celebrating – PDP | Rivers CP to be sanctioned for ‘aiding’ Governor Wike

From the papers this morning - a Tracklist. #Debate: Hillary Clinton is going to jail once Trump becomes president - YNaija Navy seizes boats with 47000 litres of illegally refined…

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Opinion: Why the U.S must support Okonjo-Iweala for World Bank presidency

by Bade Adebolu In 2012, when former Nigerian Minister of Finance and Coordinating Minister of the Economy, Dr. (Mrs) Ngozi Okonjo-Iweala signified her intention to run for the World Bank…

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Opinion: Recession – Is the worst really over?

by Jideofor Adibe With Nigerians waddling through what is generally regarded as the country’s worst economic crisis in over two decades, the CBN Governor, Godwin Emefiele, has just dangled what some…

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Nigeria to get loans from the World Bank, China

Barely a week after the Nigerian economy officially entered into a recession, the Presidency has announced that it would receive loans form the World Bank, China’s Exim Bank, and the Japan…

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World Bank to grant Nigeria $500m for basic education scheme

The Information Officer, Universal Basic Education Commission, Helen Okoro on Thursday revealed that the World Bank will be granting Nigeria $500 million to fund basic education in five states for five…

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No World Bank staff was involved in Ekiti drowning mishap – Agency

Yesterday the online media was awash with the news that four surveyors had died in a boat mishap at the Egbe River in Ekiti state. The report said that the…

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THE YNAIJA TRACKLIST: Buhari has mismanaged the economy | Ngige warns banks over job losses | Fallout from Brexit will last for years | More

From the news this morning- a tracklist PDP declares Buhari has wrecked Nigeria's economy- YNaija Chris Ngige fires warning to Nigerian banks over job losses- Punch 18 kidnappers set to…

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Okonjo-Iweala

How Okonjo-Iweala celebrated her 62nd birthday (PHOTOS)

Former Minister of Finance, Ngozi Okonjo-Iweala celebrated her 62nd birthday on Monday, June 13. The private birthday shindig of the former minister was attended by family, friends and well-wishers. See pictures below.

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N17,000 for Nigerian IDPs to start afresh

The World Food Programme - set up by the United Nations to address hunger - is giving N17,000 to over 500,000 families displaced by the senseless attacks of terrorist sect, Boko Haram. The…

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