Tag Archives: World Bank

World Bank: We have over $8.5bn investments scattered across Nigeria

World Bank Group says it has an investment portfolio of about $8.5 billion scattered across states and regions in Nigeria. Olufunke Olufon, senior communications officer, World Bank Nigeria, said this in a statement issued in Abuja on Sunday. She said ...

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President of the North? World bank site reveals North exclusively enjoyed 7 of 14 projects in Nigeria since 2015

Documents on the World Bank Group’s website have shown that Northern Nigeria enjoys majority of the contracts sponsored by the bank in the country. The findings come after President of the World Bank, Jim Yong Kim, revealed that President Muhammadu ...

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World Bank Comment: Presidency says North-East has always been Buhari’s priority

The presidency says north-east has always been the priority of President Muhammadu Buhari. The statement follows reactions to the comment of Jim Yong Kim, president of the World Bank, that Buhari requested the organisation to focus development on the north. ...

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World Bank Chief accuses Buhari of asking his organisation to focus on the north

Jim Yong Kim, President of the World Bank Group has accused president Muhammadu Buhari of asking his organisation to prioritise its developmental programmes across the northern parts of Nigeria. Jim Yong Kim made his assertion at a press briefing on ...

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World Bank monitoring team ranks Edo high on Transparency, job creation

World Bank

The World Bank Implementation Support Team, monitoring the implementation of State Employment and Expenditure for Results (SEEFOR) projects in the Niger Delta region, has ranked Edo State high on transparency and job creation for youths. The leader of the support ...

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World Bank approves N756 million for 81 Nigerians

The World Bank, under its Growth and Employment, GEM, project, has approved N756.3 million for disbursement to 81 young Nigerian innovators who participated in the 2016 Aso Villa Demo Day, AVDD. The AVDD is one of the economic empowerment initiatives ...

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World Bank gives $1b financial assistance to Egypt

The World Bank has disbursed another $1 billion financial assistance to Egypt out of its $3 billion loan programme with the country. Egypt had been negotiating billions of dollars in aid from various lenders to help revive an economy hit ...

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World Bank to fight hunger in Nigeria, sub-Saharan Africa and Yemen

World Bank Group President Jim Yong-Kim on Thursday said the bank was working toward raising 1.6 billion dollars to build social protection systems to end food insecurity in sub-Saharan Africa and Yemen. In a statement made available to newsmen by ...

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World Bank agric aid to Nigeria hits $1.5bn

The World Bank says the worth of its projects in the agriculture sector in Nigeria is 1.5 billion dollars.The Senior Chief Agric. Economist of the organisation, Dr Adetunji Oredipe, made this known to newsmen at a live Video Conference to ...

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IMF inaugurates zero interest rates

The International Monetary Fund, IMF, has introduced zero interest rates on all its concessional facilities to low income countries until 2018. The Managing Director, IMF, Ms Christine Lagarde, disclosed this on Thursday at the ongoing IMF/ World Bank 2016 General ...

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