The World Bank’s call for Nigeria to reopen fuel imports has sharply divided downstream stakeholders, with marketers backing full deregulation while experts warn against undermining local refining.
World Bank Boosts Nigeria’s Agriculture with $500m
The World Bank has approved a $500m International Development Association credit to boost Nigeria’s agricultural sector under a new programme targeting smallholder farmers, value chains, and food security.
The funding will support the Nigeria Sustainable Agricultural Value-Chains for Growth...
The Federal Government is aiming to connect 5.2 million Nigerians to electricity by June 2026 under a $750m World Bank-backed project focused on renewable energy expansion.
Smarter management of water resources across the global food system could help feed a projected population of 10 billion people by 2050 while creating nearly 245 million long-term jobs, many of them in sub-Saharan Africa, according to a new report released by the World Bank Group.
In Nigeria, where trust between government and citizens remains as wide as the horizon, it is no surprise that the World Bank’s decision to reduce its planned grant to the Central Bank of Nigeria (CBN) from $10.5 million to $6.8 million has naturally raised eyebrows.
The World Bank has cut its planned grant to the Central Bank of Nigeria (CBN) from $10.5 million to $6.8 million, with board consideration now scheduled for March 27, 2026.
