world bank

15M Household Expected to Receive 75k as World Bank Disburses $300m Palliative Loans

November 16, 2023 Rhoda Gistlover 0

The $800 million authorized for the National Social Safety Net Program-Scale Up has been paid by the World Bank. According to information obtained by Gistlover on Wednesday, the bank has given Nigeria around $299.99 million

Senegal’s ambassador Slams IMF and World Bank for Limiting lending to Africa Countries

October 16, 2023 Rhoda Gistlover 0

Ibrahima Sory Sylla, the ambassador of Senegal to China, has criticized the World Bank and the International Monetary Fund (IMF) for their stringent lending policies toward countries in Africa. The ambassador complained about the use

W’Bank Cautions CBN against Direct Lending, Subsidy Programs, And Currency Control

October 5, 2023 Rhoda Gistlover 0

On Wednesday, the World Bank issued a warning to the central banks of Nigeria, Ethiopia, and Uganda telling them to avoid taking any unusual actions that might conflict with their monetary policies. The Washington Bank

Inflation: World Bank lowers Nigeria’s economic growth projection for 2023 to 2.9%

October 5, 2023 Rhoda Gistlover 0

The World Bank Group reduced its economic growth outlook for Nigeria in 2023 from its initial projection of 3.3 percent to 2.9 percent on Wednesday, citing currency pressure, insecurity, and other difficulties. This was stated

World Bank President laud Tinubu over Fuel Subsidy Removal

FG Secures $700m (N535.6bn) Loan From World Bank

September 23, 2023 Rhoda Gistlover 0

A new N535 point six billion ($700 million) loan from the World Bank has been approved by the Federal Government under President Bola Ahmed Tinubu. On Friday, September 22, 2023, a statement that was posted

World Bank Cancels loan to Uganda over anti-gay law

August 9, 2023 Rhoda Gistlover 0

The World Bank has stated that it will no longer consider fresh loans to Uganda due to the passage of a law prohibiting same-sex activities. Earlier this year, the Ugandan government passed legislation prohibiting anti-lesbian,

Nigeria is 115th out of 115 countries in terms of the average revenue to Gross Domestic Product ratio. Nigeria is facing existential threat - World Bank warns

Nigeria is facing existential threat due to its dwindling economy- World Bank warns

August 11, 2022 Moses Gistlover 0

The international financial institution, the World Bank has raised an alarm that Nigeria might be facing an existential threat due to its dwindling economy. The international financial institution opines that the dwindling revenue, the continued

World Bank Expresses Its Disappointment In Nigeria

July 23, 2021 Gistlover Stella 0

A report by the World Bank suggests that Nigeria’s unemployment crisis in recent times is the worst in the nation’s history. The report, which raised an alarm over the nation’s rising unemployment situation was published

Poor Nigerians May Hit 100m by 2022 — World Bank

February 6, 2021 Gistlover Stella 0

Poor Nigerians May Hit 100m by 2022 — World Bank. The World Bank has projected that the number of poor people in Nigeria will increase by 20 million by 2022. on Tuesday, Gloria Joseph-Raji, World

World Bank Gives Fresh $1.5b Loan to Nigeria

December 15, 2020 Gistlover Stella 0

World Bank Gives Fresh $1.5b Loan to Nigeria. The International financial institution has confirmed that Nigeria is set to receive approved $1.5 billion loan from World Bank to implement specific developmental projects. On Tuesday, World

Nigeria’s President, Muhammadu Buhari has come to say that Nigeria is a country that is very difficult to govern. The septuagenarian lamented that no matter how hard he tries, some people would still find faults in his government. Adding that as a leader, he has to accept the challenges of leadership and learn to live by them. The president made this known while fielding questions from reporters after receiving some of his aides and close friends who visited him at the presidential villa in Abuja in commemoration of his 77th birthday. “I think I come to accept the realities of leadership in Nigeria, you can only try, it is a terrific country, no matter what you do, there are people on daily basis that look for your faults and go to the press, so you have to learn to live by that,” he said.

Nigeria’s Recession Could Last Up To 2023, World Bank Reveals

December 11, 2020 Gistlover Stella 0

Nigeria’s Recession Could Last Up To 2023, World Bank Reveals. Nigeria is facing a serious recession currently, one of the worst in decades. World Bank noted, this recession might last for three years and the

#COVID-19: Chief Economist Reveals How Long It May Take The World Economy To Recover

September 17, 2020 Sylvester Gistlover 0

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank’s chief economist Carmen Reinhart said. “There will probably be a quick rebound as

Uganda: World Bank approves $48m to fight mysterious locust invasion

May 22, 2020 Sylvester Gistlover 0

The World Bank has approved $48million to help Uganda fight a desert locust invasion threatening citizens. The money was released under the Emergency Locust Response Programme. This will help Uganda monitor and manage locust swarms

Coronavirus: World Bank Approves Loan To Philippines

April 10, 2020 Sylvester Gistlover 0

The World Bank on Friday approved a 500-million-dollar loan for Philippines to boost the country’s capacity to address the coronavirus pandemic. Achim Fock, an official with the World Bank said natural disasters and pandemics often

FG Borrows N220 Billion From World Bank For 10 Million Out-Of-School Kids

February 2, 2020 Sylvester Gistlover 0

The federal government of nigeria says it has committed N220 billion to tackle the out-of-school children menace ravaging the country, an official has said. Nigeria has about 10.5 million out of school children according to