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World Bank Approves $500 million Credit for Girls Empowerment in Six Northern States, Ekiti

Mukaila Ola The World Bank has approved a $500 million credit for the Adolescent Girls Initiative for Learning and Empowerment towards improving secondary education opportunities for girls in seven states in Nigeria. The credit, approved from the bank’s International Development Association that provides grant to developing countries, is with low to zero-interest

Nigeria Faces Worst Recession In 40 Years – World Bank

The World Bank Group on Thursday said that the Nigerian economy would record it’s worst recession in 40 years. The global financial institution said this in a new report, titled ‘Nigeria in times of COVID-19: Laying foundations for a strong recovery.’ Specifically, the World Bank estimated that Nigeria’s economy would likely contract

World Bank blacklist six Chinese companies in Nigeria over fraud allegations

The World Bank has blacklisted six Chinese companies currently operating in Nigeria over alleged fraud and corruption. The companies, according to an announcement published on the World Bank’s website, are CCECC Nigeria Railway Company Limited, CRCC Petroleum and Gas Company Limited and CCECC Nigeria Company Limited. Others are China Railway Construction (International)

18 states to benefit from World Bank projects in 2020

Eighteen states in Nigeria will benefit from the Rural Access and Mobility Project (RAMP), a Word Bank Programme in Nigeria by 2020. The National Coordinator of the programme, Ubandoma Ularamu, made the disclosure on Monday at the Bid Opening of Second Phase of RAMP-2 held in Yola, the Adamawa State capital. Mr

World Bank to enrol 145,000 out-of-school children, almajiris in Kaduna

The Kaduna State Government and World Bank have concluded plans to would enroll no fewer than 145,000 out-of-school children and almajiris into primary schools across the state by September. The Kaduna State Universal Basic Education, SUBEB, chairman, Nasiru Umar disclosed this at a workshop in Kaduna on how to strategise and