FG, World Bank Collaborate on Power Sector Reforms The Federal Government and the World Bank have expressed their commitment to providing electricity access to 300 million people across Africa by 2030. This was as they promised to implement critical reforms to boost productivity in the Nigerian...

In light of the recent hike in petrol prices and ongoing food supply challenges facing the country, economists have cautioned that the number of Nigerians living below the poverty line could soon surpass the 104 million projected by the World Bank for 2023. 

World Bank, AfDB Move To Invest $7.5bn In Nigeria’s Power Sector   The Minister of Power, Adebayo Adelabu, has said that the World Bank and the African Development Bank have concluded plans to invest $30bn in boosting electricity in Africa. Of this sum, Adelabu said Nigeria will...

World Bank Injects $500million into Women Empowerment Project The Minister of Women Affairs, Uju Kennedy Ohanenye, disclosed that the World Bank has approved a new loan of $500 million for the Nigeria Women Project. She said that the project aims to directly benefit a wider range...

FG, W’Bank Discuss $50m Deal to Drive Power Sector Forward The Federal Government has sought the assistance of the World Bank for $50m to support state governments in the installation of solar plants and infrastructure upgrades. The Minister of Finance and the Coordinating Minister of the...

ID4D: W'Bank Restructures $430m Project to Guarantee Financing as Nigeria Misses Deadline The World Bank has said it is restructuring the Nigeria Digital Identification for Development (ID4D) project to guarantee complete disbursement of the $430 million pledged for the project by the financiers. According to the...