The Socio-Economic Rights and Accountability Project (SERAP) is urging President Bola Tinubu to “direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, as well as the appropriate anti-corruption agencies to immediately and thoroughly investigate the spending of $1.5 billion World Bank loan that was obtained by the 36 states and Abuja for poverty reduction and social protection across the states.” 

The Ministry of Finance has said that the $500 million loan it seeks the Senate’s approval to access will be used in empowering the poor in the country. The Permanent Secretary of the Ministry, Mahmoud Isa-Dutse, while appearing before the Senate Committee on Local and...

The Board of Governors of the World Bank is currently meeting to discuss the $150m loan that Nigeria is seeking from the institution to boost the fortunes of the mining sector, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said. Fayemi stated...

The 36 state governors have decided to turn to the World Bank as one of the ways of surviving the current economic downturn in the country, which has made it difficult for many of them to pay workers’ salaries. They are putting machinery in place...