World Bank
The Federal Government is seeking a fresh $500 million loan from the World Bank to establish a new infrastructure financing platform, with formal board approval scheduled for May 25, 2027—just four days before the inauguration of Nigeria’s next president. The proposed borrowing comes as political activities and campaigns intensify ahead of the 2027 general elections, […]
The International Monetary Fund (IMF) and the World Bank have warned that the rapid rise of Artificial Intelligence (AI) could exacerbate unemployment in Nigeria and other developing nations without immediate interventions to upskill workers. Speaking at the “Small AI: More and Better Jobs” event during the ongoing IMF-World Bank Annual Meetings in Bangkok, Thailand, […]
The Nigerian government has been able to secure $2.25 billion following the approval of the World Bank loan to help stabilize the economy. The information was made known on Thursday by Wale Edun, Minister of Finance. He had earlier stated in April that Nigeria is seeking $2.25 billion from the World Bank and […]
The World Bank has stated that weaknesses in Sub-Saharan Africa’s biggest economies Nigeria, South Africa and Angola will limit the region’s growth in 2024. This was stated by Bretton Wood Institute in its Global Economic Prospects for 2024. It says the global economy is set for its worst performance in three decades as the […]
The Governor of Delta State, Sen. Ifeanyi Okowa, has said contrary to malicious criticisms by some politicians, his administration’s prudent fiscal and transparent governance profile has been vindicated and acknowledged by the World Bank. Okowa stated this while receiving awards for Excellent Performance on Fiscal Transparency and Accountability, Very Good Performances on Efficiency […]
The World Bank has revealed a spending plan of $150 billion to support Africa in the next five years. Speaking at the Summit on Financing African Economies on Tuesday, the World Bank’s President, David Malpass, said a large portion of the outlay would take the form of grants and zero-interest long-term loans. He said […]
-
Pages
Crown FM Onitsha