The Minister of Finance, Mrs. Kemi Adeosun, will on Wednesday meet the World Bank to finalise Nigeria’s “policy support document” needed to complete its application for funds to help plug the $11bn budget deficit. “What was delaying (budget support loans) was a lack of flexibility...

The World Bank has approved the disbursement of N1.55 billion to Bauchi FADAMA III Project for execution of two agriculture programmes during the 2016 cropping season. Dr Ali Garba, Projects Coordinator, Bauchi State Fadama III Project, disclosed this to newsmen in Bauchi. Garba explained that N600...

The World Bank, the Nigerian Economic Summit Group and other stakeholders have highlighted the need to improve Nigeria’s competitiveness in a bid to accelerate economic development. They stated this in Lagos at a workshop on economic competitiveness in Nigeria organised by the NESG in collaboration...

The World Bank says it has so far spent about N7.78bn ($39m) on the third National Fadama Development Project Additional Financing as part of efforts to support Nigeria’s agriculture and economic diversification drive of the Federal Government. The bank also said in a statement signed...

The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows. According to the latest...

Ahead of the commencement of the Buhari administration’s unprecedented infusion of half a trillion naira in social investment towards achieving a comprehensive safety net for poor and ordinary Nigerians, significant local and international support for the scheme is growing. According to a federal government source,...