Tag Archives: World bank

Nigeria has moved closer to ending the chronic issues of malnutrition especially in children as the Minister of Trade and Investment, Okechukwu Enelamah launched the Strengthening African Processors of Fortified Foods project in Lagos. The $10m four-year project is sponsored by the Bill & Melinda Gates Foundation (BMGF) and is designed to support local food processors produce more fortified foods …

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The World Bank says the educational system in Nigeria faces a huge challenge and has pledged to invest more in the nation’s education with a view to improving its quality. The Senior Director of Education at World Bank, Dr Jaime Saavedra, said this on Thursday while questions from journalists shortly after the inspection and assessment tour of state-owned Iganmode Grammar …

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The World Bank Group is set to assist state governments improve their fiscal sustainability by strengthening and consolidating the Fiscal Sustainability Plan. The development was confirmed by a statement issued on Friday by the Director of Information in the Federal Ministry of Finance, Salisu Dambatta. The FSP was introduced by the Federal Government in 2016 as part of the measures …

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The World Bank yesterday upgraded its forecast for Nigeria’s economic growth to 1.2 per cent for 2017, citing improved oil production due to decreased militant activities. The World Bank disclosed this in its June 2017 Global Economic Prospects report, saying:  “Nigeria is forecast to go from recession to a 1.2 percent growth rate in 2017, gaining speed to 2.4 percent …

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Nigeria is talking to the World Bank and African Development Bank for $3 billion of loans before the West African nation determines how much it will raise from Eurobonds to help fund this year’s budget. Bottom of Form “From the World Bank, we are hoping to get $2 billion,” Minister of State for Budget and National Planning Zainab Ahmed said …

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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 in Abuja, showed that the …

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The World Bank Group President, Mr Jim Kim said the bankwould be investing $57bn to accelerate growth and development In Sub-SaharanAfrican countries over the next three years. In a statement released to Nigerian journalist by theSenior Communications Officer, World Bank Nigeria, Mrs Olufunke Olufon, onMonday in Abuja, Kim said the money would be raised by three subsidiaries ofthe group. According …

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The World Bank has predicted that the Nigerian economy would rebound from recession and grow by one per cent in 2017 The multilateral institution stated this in its January 2017 Global Economic Prospects report. Nigeria’s third quarter 2016 real gross domestic product (GDP) had contracted by 2.26 per cent from -2.06 per cent in the second quarter of this year, …

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Extreme poverty to end by 2030 -World Bank Friday Ekeoba With the increase in global economic contraption, the World Bank’s Group President Jim Kim has said that the bank was determined to boost shared prosperity to end extreme poverty by 2030. Kim said this at the Brooking Institutions on the eve of the World Bank/IMF Annual meeting in Washington DC …

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World Bank, ILO Announce New Push For Social Protection                          World leaders and heads of the World Bank Group and the International Labour Organization (ILO) are joining forces to achieve social protection for all. The new Global Partnership for Universal Social Protection  announced during the UN General Assembly week aims to help countries …

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