IMF, World Bank Partner On $5.2bn To Support Ukraine   The International Monetary Fund (IMF) and World Bank Group have announced they will respond to Ukraine’s request for urgent financing with about $5.2bn cumulatively. They disclosed this in a joint statement titled, ‘Joint IMF-World Bank Group statement...

Hidden Debts, Bad Loans Stopping New Credits - W/Bank   The World Bank Group has said non-performing loans and hidden debts are making it difficult for banks to grant new credits to customers. In a report released yesterday, the bank disclosed that developing countries face growing risks...

'Nigeria Now Depends On IMF, W/Bank Loans To Pay Workers’ Salaries' ​A Professor of Virology and member of the World Health Organisation’s Technical Advisory Group on COVID-19 Vaccine Composition, Oyewale Tomori, has lamented the refusal of successive administrations in Nigeria to invest in science and...

FG Requests $600m W/Bank Loan To Fight Erosion   The Federal Government on Wednesday announced plans to tackle land degradation in the 19 northern states and the Federal Capital Territory with a $600m loan from the World Bank. It disclosed this at a consultative workshop on climate-resilient...

W/Bank, AfDB Approved $2.83bn For Nigeria In 2021   The World Bank and the African Development Bank approved a total sum of $2.83bn to Nigeria in 2021. However, the financing is not limited to the Nigerian government, as it also covers Nigerian agencies and firms. This was according...

Kano Govt Approves N500m Counterpart Fund For W/Bank Climate Project   The Kano State Executive Council has approved N500m as counterpart funding for the implementation of a six-year World Bank-assisted project, tagged ‘Agro Climatic Resilience in Semi-Arid Landscapes’. The Commissioner for Information, Malam Muhammad Garba, disclosed this...