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 team, Mr. Ismaila Ceesay, who led his members on a courtesy visit to the Governor […]
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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 of the present administration. A document obtained from the World Bank-funded GEM project on Monday […]
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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 by political upheaval since a 2011 revolt and to ease a dollar shortage that crippled […]
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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 the Head of Communications, World Bank Nigeria in Abuja, Mrs Olufunke Olufon, Yong-Kim said about […]
Continue ReadingThe 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 celebrate “End Poverty Day.’’ He said that in Africa, the bank’s strategy to ending extreme […]
Continue ReadingThe 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 Meeting in Washington D.C. The theme of the meeting is: “We can end poverty together, […]
Continue ReadingFour World Bank officials have drowned at Egbe Dam in Egbe Ekiti, Gbonyin Local Government Area of Ekiti State, South-West Nigeria.Egbe Dam is the biggest of the six dams in the state. Folasade Akinrinmola, the chairman of the council and the state police command confirmed the incident to journalists on Thursday. Mr. Akinrinmola said the […]
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Julia Payne of Reuters reports that Nigeria’s presidency said on Tuesday the World Bank had pledged to spend up to $2.1 billion to rebuild the northeast of the country that has been devastated by Boko Haram militants. President Muhammadu Buhari met with representatives of the World Bank, the Bill and Melinda Gates Foundation, and the […]
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