W/Bank To Boost Water Supply In Nigeria With $700m
The World Bank has approved the Nigeria Sustainable Urban and Rural Water Supply, Sanitation, and Hygiene (SURWASH) Programme , which will provide $700m credit from the International Development Association to ensure that six million people can...
W/Bank Rejects Debt Cancellation For Africa
The World Bank Group yesterday rejected request by African heads of state for cancellation of their countries’ debts, saying the world has moved past that line of action.
World Bank Group President, David Malpass said, who disclosed this yesterday during...
W/Bank To Invest $150bn In Africa
The President of World Bank Group, David Malpass, has said that the bank plans to invest $150 billion in Africa within the next five years towards promoting development on the continent.
Malpass disclosed this on Tuesday at the Summit on...
Nigeria, Six Others Account For 65% Global Gas Flaring – W/Bank
The World Bank on Wednesday said Nigeria and six other countries were responsible for two-thirds of global gas flaring.
It said this in a statement titled ‘Seven countries account for two-thirds of global gas flaring’.
The...
FG Spends N568.5bn Yearly On Power Tariff Shortfalls – W/Bank
The Federal Government of Nigeria is spending $1.5bn (N568.5bn at N379/$ exchange rate) annually to fund electricity tariff shortfalls, the World Bank has said.
According to the global financial institution, this amount could further increase if...
Nigeria Businesses Lose $29bn Yearly To Poor Electricity – W/Bank
The World Bank on Wednesday said businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity.
It also observed that Nigeria had the largest number of people without access to electricity...
