The Federal Government of Nigeria will present the required economic reform proposals to allow the country access loan from the World Bank this month, officials and diplomats have said. The government said it would need $5billion external borrowing to support the implementation of the budget...

As part of the Social Investment Programmes (SIP) promised by the All Progressives Congress (APC) led government to cushion the high level of poverty bedevilling the nation’s vulnerable people, the social safety net scheme has kicked off in nine states of the federation. The SIP...

The World Bank has predicted that Nigeria will get out of recession and grow its Gross Domestic Product by one per cent this year after plunging into its worst recession in over two decades. The bank said in a statement, “Sub-Saharan African growth is expected...

The Federal Government has said it was looking the way of the International Monetary Fund, IMF, and the World Bank for some of its external borrowings to boost the economy out of recession. According to the government, both institutions have some “concessionary terms” attached to...

The World Bank says it has disbursed a total of $7.24bn to Nigeria from 2012 to date. Statistics obtained from the bank’s web portal has also showed that its current portfolio in Nigeria stood at $8.26bn as of July. However, a total of $4.69bn, which has...

The Fadama II Additional Financing project financed by the World Bank has supported a total of 10,845 farmers in the last 10 months. The support, according to the Kano State Coordination Office of Fadama, was facilitated through the signing of a Memorandum of Understanding between...