World Bank Begins Preparation Towards Nigeria’s $500m Power Distribution Project     The World Bank has commenced preparations for the $500m Nigerian Electricity Distribution Improvement Project. It was learnt that the bank had conducted a fact-finding mission in the distribution sub-sector of the industry in order to ascertain...

World Bank Group Launches World Development Report on Education in Nigeria The World Bank Group, the Federal Ministry of Finance and the Federal Ministry of Education in synergy have co-launched the World Development Report (WDR) 2018: ‘Learning to Realize Education’s Promise’ at the International Conference...

Nigeria Leads Africa in Implementing Sustainable-Finance Reforms- Report Nigeria has introduced banking reforms to expand sustainable lending, becoming one of 34 emerging markets that are a major force in driving development and fighting climate change, according to the first comprehensive Global Progress Report of the...

FG, World Bank In Discussion For $1bn Power Loan   The Federal Government and the World Bank are in the final stage of negotiation for the release of $1bn performance-based loan for Nigeria’s Power Sector Recovery Programme. It was gathered that the loan was currently being prepared...

Nigeria gets $486m World Bank credit for power sector World Bank has approved a 486 million dollars credit facility to Nigeria for power grid improvements, the lender said on Friday. “The investments under the Nigeria Electricity Transmission Project will increase the power transfer capacity of...

World Bank Working With Nigeria To Increase Revenue Generation The World Bank is currently working with Nigeria to increase the country’s revenue-to-Gross Domestic Product ratio, which is currently put at six per cent. The World Bank Country Director for Nigeria, Mr. Rachid Benmessaoud, said this at...