Tag
WORLD BANK
The World Bank has ranked Nigeria among the top ten countries most hard hit by food inflation in the world.
The Rural Electrification Agency (REA) has disclosed it is starting a new rural electricity project next month financed by the World Bank to the tune of $750 million to provide electricity to 17.5 million Nigerians.
Nigeria, World Bank partner to register all land parcels, targeting $300 billion in untapped capital
Nigeria’s Ministry of Housing and Urban Development has partnered with the World Bank to tackle the country’s land registration issues, with over 90% of land currently untitled, tying up an estimated $300 billion in untapped capital.
The Human Rights Writers Association of Nigeria (HURIWA) has alleged that the Federal Government is aligning with directives from foreign entities such as the International Monetary Fund (IMF) and World Bank, labelling the development as making Nigerians "worse off."
The Federal Government of Nigeria has requested a six-month extension for the completion of a $132.42 million loan project financed by the World Bank.
The World Bank has recommended ways the Federal Capital Territory Administration (FCTA) can address the housing and mass transport crisis in Abuja, particularly for residents on the outskirts.
Nigeria is currently seeking the World Bank's approval for a third restructuring of its $180.2 million nutrition project, officially known as the Accelerating Nutrition Results in Nigeria (ANRiN) project.
The World Bank imposed bans on two Nigerian individuals and one Nigerian firm in March 2024 for engaging in corrupt and fraudulent activities.
The federal government has stated that more than 31.8 million Nigerians are currently facing acute food shortages due to ongoing security challenges and the recent removal of fuel subsidies.
The Federal Republic of Nigeria is seeking the World Bank’s approval to restructure a $650 million loan allocated to the Nigeria Improved Child Survival Program for Human Capital (ICSPHC).
The Bayelsa State Government has confirmed receiving N10.8 billion as part of the N570 billion distributed by the Federal Government to all 36 states under the NG Cares program.
The Nigerian government is engaging the World Bank for a $500 million loan to support its recently approved Health Sector Renewal Investment Initiative (HSRII).