Tag
WORLD BANK
The devaluation of the Naira resulted in a forex gain of N8.6 billion for the Nigeria Identification for Development (ID4D) project, through which international financiers led by the World Bank are pushing for the enrollment of all Nigerians for the National Identification Number (NIN).
Nigeria has secured at least $1.25 billion in loans from the World Bank and the African Development Bank (AfDB) to boost electricity supply under the administration of President Bola Tinubu.
The Nigeria Customs Service (NCS) has begun implementing duties and tax-free importation of rice, flour, wheat, and other essential food items to help reduce the high costs of food in the country amid the severe hunger crisis in Nigeria.
The World Bank has restructured a $350 million loan to Nigeria to ensure the completion of seven critical power plants in educational institutions, bolstering the nation's energy infrastructure.
The Federal Government of Nigeria hopes to get a $500 million loan from the World Bank to enhance dam safety and improve water resource management across the nation.
The World Bank has disbursed $751.88 million to Nigeria from a recently approved $1.5 billion loan.
The World Bank says it has committed over $200 million towards developmental projects in Ekiti State.
Health-related expenses push over one million Nigerians into poverty every year, according to the World Bank's Human Capital Public Expenditure and Institutional Review.
Dr. Ndiamé Diop has officially taken up his new role as the World Bank's Country Director for Nigeria
In 2023, the top ten recipient countries of remittances in Africa received $72.5 billion.
Nigeria's debt to the World Bank has increased by $1.07 billion under President Bola Tinubu’s administration.
The World Bank may approve four loan projects totalling $2 billion for Nigeria this year.