In a statement released to Nigerian journalist by the Senior Communications Officer, World Bank Nigeria, Mrs Olufunke Olufon, on Monday in Abuja, Kim said the money would be raised by three subsidiaries of the group.
The World Bank Group President, Mr Jim Kim said the...
The World Bank Group says Nigeria will soon recover from economic recession. Mrs Eme Essien-Lore, Country Manager in Nigeria, International Finance Corporation, a member of the group, made the observation in an interview with journalsits in Lagos on Thursday.
”In our perspective and with the...
Small indigenous operators in the mining industry will benefit from the N30bn Mining Intervention Fund approved by the Federal Executive Council, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said.
Fayemi said this while inspecting quarrying facilities at CIBI Nigeria Limited’s quarry...
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...
