Tag: World Bank
World Bank approves $500m loan for power, irrigation projects in Nigeria
The World Bank has approved a $500 million loan to support the Sustainable Power and Irrigation for Nigeria (SPIN) project aimed at reducing climate-induced...
World Bank approves $1.57bn loan for Nigeria
The World Bank has approved three new loan requests totalling $1.57 billion in financing for Nigeria.
World Bank made this known in a statement on...
Nigeria borrows $2.25bn from World Bank
The World Bank has approved two financial support packages valued at $2.25 billion for Nigeria.
The Minister of Finance and Coordinating Minister of the Economy,...
203 Ekiti schools benefit from $25m World Bank grant
203 public schools in Ekiti State have benefitted from the $25 million School Improvement Grant (SIG) released by the World Bank to uplift the...
Nigeria secures World Bank’s $2.25bn loan at 1% interest rate
The Federal Government had secured a $2.25 billion single-interest loan from the World Bank.
The facility offers a 40-year-term with 10 years moratorium at one...
2030: World Bank, AfDB partner to connect 300m Africans to electricity
The World Bank Group and African Development Bank (AfDB) Group are partnering on an ambitious effort to provide at least 300 million people in...
NLC knocks W/Bank for advising FG to increase petrol to N750/litre
The Nigeria Labour Congress (NLC) has condemned the advice by the World Bank to the Federal Government to increase petrol price to N750 per...
Nigeria, other developing countries serviced debt with $443.5bn in 2022
....Poorest countries face risk of debt crises as borrowing costs surge – World Bank
Amid the biggest surge in global interest rates in four decades,...
ACF to FG: Reject World Bank, IMF’s recommendations on Nigerian economy
The Arewa Consultative Forum (ACF) has cautioned the Federal Government against adopting what it described as “out-of-context and largely discredited public policy” solutions recommended...
Tinubu meets World Bank President, discusses reforms
President Bola Tinubu, on Friday, August 4, 2023, met with the President of the World Bank, Ajay Banga, at the Presidential Villa in Abuja.
Speaking...
