World Bank, AfDB to connect 300m Africans to electricity
The World Bank Group and the African Development Bank Group are partnering to provide no fewer than 300 million Africans with electricity access by 2030. This is contained in a…
World Bank May Approve $1.13bn Loans for Nigeria Soon – Report
The World Bank may approve $1.13 billion in loans for Nigeria by the end of March 2025 to support economic resilience, health security, and education reforms. Three key projects are…
FG in Talks with World Bank to Boost Fibre Optic Capacity to 125,000km
Just a few weeks after the Federal Government approved a special purpose vehicle to support the delivery of an additional 90,000 km of fibre optic cable, it has begun…
World Bank Blacklists 18 Nigerian Firms, Individuals for Corrupt Practices
18 Nigerian individuals and firms have been blacklisted by the World Bank for engaging in corrupt practices, fraud, and collusive practices in its 2021 fiscal year. A list of debarred…
SERAP Urges Tinubu To Probe $1.5bn World Bank Loan To States, FCT
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to investigate the $1.5bn World Bank loan obtained by the 36 states and the Federal Capital Territory. In…
FG Battle to End Petrol Subsidy in 2022 as World Bank Condemns N2.9tn Funding
Shubham Chaudhuri, World Bank Country Director for Nigeria, has called on the nation to halt the payment of subsidy for premium motor spirit, otherwise called fuel. He stated this during…
World Bank Ranks Nigeria Third-Largest Debtor
Nigeria has emerged as the third-largest debtor to the World Bank's International Development Association, with a total debt stock of $16.5 billion as of June 30, 2024. This is…