World Bank

The United Nations Children’s Fund has said that over 333 million children still live in extreme poverty globally. The report from UNICEF and the World Bank indicates that the COVID-19 pandemic led to the abolition of extreme poverty for 30…

The Oyo State Government has called for the World Bank’s investment in its bid to achieve universal access to safe drinking water and mitigate the effects of climate change. The Executive Chairman, Oyo State Water Corporation, Elias…

Uganda’s President Yoweri Museveni has denounced the World Bank’s decision to suspend new funding in response to the anti-LGBTQ law. The World Bank said on Tuesday that the law, which imposes the death penalty for certain same-sex acts,…

Nigeria's Central Bank Is Undergoing Forensic Audit - President Tinubu President Bola Tinubu says a comprehensive forensic audit of the Central Bank of Nigeria is underway, while a thorough overhaul of the Civil Service payroll is…

The African Development Bank, AfDB Group and the World Bank have agreed to collaborate to identify key areas for intervention that will transform Africa. The duo in a statement on AfDB’s website, made the agreement at a productive…

Gov. Peter Mbah of Enugu State has pledged his administration’s commitment to sustain World Bank/Federal Government Agro-Processing, Productivity Enhancement and Livelihoods Improvement Support (APPEALS), Project in the state. Mbah made…

The World Bank has projected that inflation may hit 25 percent in 2023 as a result of petrol subsidy removal. This projection was contained in the June 2023 edition of the Nigeria Development Update. However, the Washington-based bank…

Ukraine is set to receive $1.5 billion from the World Bank to support its reconstruction and recovery. Ukrainian Prime Minister Denys Shmyhal said the funds will be provided with guarantees from the Japanese government and channeled to…

Nigeria needs adequate digital and financial infrastructure to support a swift transition to a cashless economy, the World Bank has said. The World Bank stated that this was one of the reasons the Central Bank of Nigeria’s Naira redesign…

The World Bank-supported by Kaduna State Adolescent Girls Initiative for Learning and Empowerment (AGILE) project has trained not less than 30,000 academic and non-academic staff of secondary schools on what it tagged, ‘School-Related…