World Bank

December 31, 2016

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 at the 2016 regimental dinner organised by the presidential brigade of guards. Speaking at the event, Buhari said, “I have resisted the devaluation of... Read More

Coup, devaluation, IMF, naira, President Muhammadu Buhari, World Bank

November 17, 2016

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 review of the last ten years by its Global Board of Advisors – meeting in July 2016. Based on that decision, the series of events... Read More

Featured, The News Blog

#TFAA2016, Bukonla Adebakin, Ghana, Jamie Drummond, Kenya, nigeria, Obiageli Ezekwesili, RED, TFAA, The Future Awards Africa, World Bank

October 29, 2016

$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 Exim Bank in the next three years. N2.1trn – The total amount Nigeria lost to the activities of militants in the Niger Delta region from... Read More

budget, Cross River State, Finance, kemi Adeosun, loans, Niger Delta, nigeria, numbers, World Bank

October 27, 2016

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 World Bank, African Development Bank, Japan International Co-operation Agency, Islamic Development Bank and China EximBank in the three years In a statement issued on Thursday by the... Read More

$29.96bn loan, African Development Bank, China EximBank, FG, Infrastructural projects, Islamic Development Bank, Japan International Co-operation Agency, World Bank

October 2, 2016

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 presidency, there was a quake – she was endorsed by a majority of the emerging economies. As a matter of fact, she was the candidate... Read More

Dr Ngozi Okonjo Iwela, Kim Jong, united states, World Bank

September 30, 2016

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 would regard as a ray of hope to suffering Nigerians. Speaking while playing host to members of the Newspaper Proprietors Association of Nigeria recently, the... Read More

adeosun, CBN, Economic policies, Forex, Godwin Emefiele, naira devaluation, nigeria, president buhari, World Bank

September 10, 2016

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 International Cooperation Agency. The loans, according to the presidency, are long-term loans with 1.25 percent interest rates over the space of 20 years and will... Read More

depreciating Naira, Economic recession, inflation, loans, nigeria, World Bank

September 8, 2016

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 years In a statement in Abuja, Okoro said the Head, World Bank International Reconstruction and Development team, Dr. Olatunde Adekola revealed the information. She said Adekola... Read More

$500 million, Basic education, grant, Universal Basic Education Commission, World Bank, World Bank International Reconstruction and Development team

August 26, 2016

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 surveyors were staff of the World Bank who came for an inspection duty. However, The Third National Urban Water Sector Reform agency whose project the... Read More

Egbe river, Ekiti State, inspection, surveyors, World Bank

August 12, 2016

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 face the wrath of the law following police arrest- YNaija Ruling party, APC has no plans to sanction Dogara, Jibrin over budget padding scandal- YNaija... Read More

Buhari, economy, Erdogan, labor, Ngige, nigeria, Putin, tracklist, World Bank, ynaija

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.

adeosun, London, minister of finance, okonjo, World Bank

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 Chairman of Borno State Emergency Agency, Ahmed Satomi revealed on Sunday, May 8 that over 35,000 families had already benefited from the scheme. “We are... Read More

boko haram, Borno State, displaced persons, terrorism, World Bank

‘It’s difficult to do business in Nigeria in 2016… than in 2015’ – World Bank

It is difficult to do business in Nigeria in 2016 than it was in 2015, the World Bank ‘Doing Business Report’ opines. However, the report also states that Nigeria moved up a spot from its position last year, in the ‘ease of doing business’ ranking. Out of 189 countries surveyed, Nigeria ranked at 169th with... Read More

Business, nigeria, World Bank

February 7, 2016

SERAP to World Bank: ‘You must tell us how FG spent returned Abacha loot’

The Socio-Economic Rights and Accountability Project (SERAP) has sent an appeal to Access to Information Appeals Board against the World Bank on grounds that the bank provided “patently insufficient information” on how the Federal Government of Nigeria spent the recovered Sani Abacha loot. The group also gave a list of explanations it expected to receive... Read More

abacha, Buhari, SERAP, World Bank

Kemi-Adeosun-YNaija

February 1, 2016

FG hasn’t yet applied for loans from World Bank

Owing to the present state of the economy, speculations have been rife that Nigeria intends to borrow $3.5 billion in emergency loans from the World Bank and African Development Bank (AFDB). The purported loan is expected to help the country shore up the wide deficit in the 2016 budget. US-based news platform- Financial Times reported on... Read More

2016 budget, AfDB, borrow, economy, nigeria, World Bank

December 9, 2015

THE YNAIJA TRACKLIST: Nnamdi Kanu seeks bail | Boko Haram sponsors can’t escape | Saraki absolves self from stolen N310 million | More stories

Why Bayelsa election killings must be probed. Premium Times Saraki says he’s not the owner of N310 million stolen by DSS agents. This Day World Bank advises Buhari to remove oil subsidy. Leadership Top Floor of 35-storey NECOM house in Lagos razed by fire in Lagos. This Day Dasuki trial adjourned till 2016. Leadership NCC explains... Read More

boko haram, Buhari, FG, subsidy, tracklist, World Bank

December 8, 2015

World Bank to Buhari: ‘This is the best time to remove fuel subsidy’

President Muhammadu Buhari has been advised by the World Bank to act now if his government is seriously in removing fuel subsidy. The Buhari government had initially intimated Nigerians on its plan to remove fuel subsidy which led to an ongoing debate as well as vehement rejection from the National Labor Congress. The World Bank’s Lead Economist, John Litwack, said... Read More

More, The News Blog

Buhari, economy, fuel subsidy, Oil, Petroleum, World Bank

November 29, 2015

How Nigeria spent Abacha loot – World Bank

Socio-Economic Rights and Accountability Project (SERAP) is in possession of over 700 pages of documents containing information on how the recovered assets and loot from the late General Sani Abacha, was spent by the Nigerian government. SERAP had on September 21, sent an Access to Information request to President of the World Bank, Jim Yong... Read More

loot, ngozi okonjo iweala, nigeria, Sani Abacha, SERAP, World Bank

Buhari backs down, writes Saraki to request $75m loan for Edo

‎President Muhammadu Buhari has finally decided to put the interest of the nation before his grievances. He has written to Senate seeking approval for a $75 million loan from the World Bank for the Edo state government. It would be recalled that the unending rift between Buhari and the senate president, Bukola Saraki stalled the loan... Read More

Buhari, Edo state, loan, Saraki, senate, World Bank

World Bank appoints Arunma Oteh as VP and treasurer

Former Director General of the Security and Exchange Commission (SEC) Arunma Oteh has been appointed the Vice President and Treasurer of the World Bank. There’ll be more details later.

appointed, Arunma, Oteh, World Bank

Opinion: What if the elections had held in February?

by Ralph Egbu …we have closed our senses to doing the small things that matter and that omission has led to huge dislocations that are manifesting in the rule of the jungle. Last week in the piece, Jega’s troublesome dilemma, I expressed deep displeasure over the manner INEC handled the issue of printing and distribution... Read More

Festus Odumegwu, IMF, International Monetary Fund, Nigeria Decides 2015, Ralph Egbu, World Bank

January 6, 2015

Opinion: 2015 – The year of endless possibilities

by Olu Onemola We are the millions of children that could have been fed with the $255 million that was used to purchase bulletproof cars by a former Minister who walked away unprosecuted. We are the generation of at least 20.3 million unemployed youths. The generation that has grown accustomed to holding on to the... Read More

2015, employment, mutiny, nigeria, Olu Onemola, Politics, Victims support fund, World Bank

December 31, 2014

The Citizen-in-Chief: Obiageli Ezekwesili is the Y!/YNaija.com Person of the Year 2014

by The Editors Surely, you know this, that as you celebrated Christmas on the 25th of December this year, perhaps safely with friends and family, a crew of citizens like you, and like us, gathered yet again on the streets of Abuja, under the aegis of the #BringBackOurGirls movement, to continue daily sit outs that... Read More

#BringBackOurGirls, boko haram, chibok, Citizen in Chief, nigeria, Oby Ezekwesili, Person of the Year, POTY, UNESCO, World Bank

December 22, 2014

Good times: World Bank to inject N322billion into Nigeria’s power sector

by Azubuike Azikiwe The World Bank has pledged to support the Nigeria Power Sector Reform with $1.75 billion (N322,962,500,000) According to the Bureau of Public Enterprises, the monetary support will be spread out over the next four years. The development was communicated through a statement issued by Head of Public Communications at BPE, Mr.... Read More

#OccupyNigeria, Bureau of Public enterprise, Chigbo Anichebe, nigeria, Power Sector Reform, World Bank

November 7, 2014

This is poverty alleviation in #Borno, Governor Shettima-style (LOOK)

by Kolapo Olapoju Going by Governor Shettima’s example, poverty is not only alleviated by building infrastructures, creating employment, ensuring citizenry’s welfare, and other similar nation building activities. Apparently, poverty can be somewhat reduced by “just sharing money to people”. The President of the World Bank, Jim Yong Kim, once said, “To end extreme poverty, the vast... Read More

Borno State, jim yong kim, Kashim Shettima, money sharing, nigeria, Poverty alleviation, World Bank

October 17, 2014

Opinion: Commemorating 2014 World Poverty Eradication Day – The Nigerian case

by Yusuf Ishaku Goje Like peace-building, the solution to poverty does not reside in quick-fix approach but in a sustainable humanitarian effort. Also, just like nation-building, combating extreme poverty requires the collective and synergistic effort of all irrespective of class strata. Therefore, there is no gainsaying the fact that combating extreme poverty requires a long term... Read More

Kofi Annan, NBS, nigeria, poverty, United Nations, WHO, World Bank, Yusuf Ishaku Goje

October 17, 2014

Nigerian on the edge as Brent crude prices crash to 2-year low

by Tunji Andrews Tuesday saw oil prices crash, posting it’s biggest one-day drop in two years on signs that the Organization of the Petroleum Exporting Countries was unlikely to cut production in response to lower forecast demand. Brent crude prices which have tumbled more than 20% since mid-June, trading on Tuesday at $83 per barrel,... Read More

Alessandro Gelli, Brent crude, Citigroup, Ed Morse, Federal Government, Kayode Oyelade, Kumi Oyedele, ngozi okonjo iweala, nigeria, Oil prices, OPEC, Switzerland, Washington DC, World Bank

October 10, 2014

@NOIweala named African Finance Minister of the year

by Tunji Andrews The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Friday bagged the African Finance Minister of the year award for her outstanding performance as a finance minister. The award was presented to her by the African Investor Magazine on the sideline of the ongoing annual meetings of the World Bank and the... Read More

Africa investor magazine, Finance Minister, guinea, International Monetary Fund, liberia, ngozi okonjo iweala, nigeria, Washington, West Africa, World Bank

September 14, 2014

Lagos is working, debts are piling up, Fashola explains why

by Emma Chidiogo The Governor of Lagos State, Babatunde Fashola, has said that the huge loans obtained by the administration is used in financing capital intensive projects as the Light rail, expansion of the Lagos-Badagry Express Way, Mile 12 – Ikorodu, among others. Fashola, who spoke while inspecting progress of work at the Iganmu Terminus... Read More

babatunde Fashola, Governor of Lagos State, Ikorodu, Lagos-Badagry Expressway, Mile 12, sub -national, World Bank

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