World Bank

The Federal Government (FG) has cancelled $717.7m in undisbursed World Bank intervention financing designed to revive Nigeria’s struggling electricity sector. The cancellation followed a formal request by the Federal Government …

The National Universities Commission (NUC) on Wednesday signed additional $65m performance contracts with Vice-Chancellors of six participating universities under the World Bank-backed Sustainable Procurement, Environmental and Social Standards Enhancement Project …

Energy experts have criticised recent recommendations by the World Bank urging Nigeria to deepen fuel importation and fully liberalise its downstream petroleum sector, warning that the advice is ill‑timed, economically …

The Executive Council of Benue State, chaired by Governor Hyacinth Alia, has approved N450 million as counterpart funding for the Nigeria Women Project, a development initiative supported by the World …

The World Bank has called on the Federal Government to swiftly reduce import tariffs and remove bans on certain goods as part of urgent steps to curb inflation and protect …

A new World Bank report has revealed that less than half of Nigeria’s social safety-net benefits reach poor citizens despite billions spent annually on welfare programmes. According to the report …

The World Bank has revealed that about 139 million Nigerians are currently living in poverty, despite early signs of economic stabilization driven by key government reforms. The disclosure was contained …

The World Bank has called on Nigeria to ensure that the positive outcomes from its recent macroeconomic reforms translate into real improvements in citizens’ living standards, as new estimates show …

The World Bank says it has approved $300 million to fund a new project aimed at improving access to services and economic opportunities for internally displaced persons (IDPs) and their …

A World Bank report has identified Nigeria as one of the top global nations in gas flare.According to the World Bank’s annual Global Gas Flaring Tracker, Nigeria, Russia, Iran, Iraq, …