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...
FG Seeks $4.4bn Fresh Loans as National Debt Rises N101tn
The Federal government has pushed for fresh loans approval worth $4.4bn from the World Bank and Africa Development Bank over the next one year.
Nigeria borrowed a total of $4.95bn in loans from the international lender...
W'Bank: FG Requests 18-month Extension for $800m Palliative SchemeÂ
The Federal Government has requested that World Bank extend the disbursement period for the $800 million palliative loan by 18 months, from June 30, 2024, to December 31, 2025.
About three million poor and vulnerable households have...
The federal government has requested an 18-month extension on the closing date of the World Bank’s $800 million palliative loan in a strategic move to bolster its social safety net programs amidst rising inflation and economic challenges. Â
$2.25b World Bank Loan Offers Hope for Economic Recovery
The Federal Government of Nigeria has secured $2.25 billion in funding from the World Bank, comprising two key financial operations aimed at economic stabilisation and support for vulnerable populations.
Key details of the facility include a 40-year...
