The Independent Media and Policy Initiative (IMPI) has questioned the rationale by the International Monetary Fund (IMF) for downgrading its economic growth projection for Nigeria in 2025 from 3.2% to 3% on the back of the global oil slump. This according to the think tank is because the Nigerian economy has not, of late, been solely about oil especially with …

The Arewa Youth Consultative Forum (AYCF) has extended its heartfelt commendation to the Kaduna State Governor, Senator Uba Sani, for his unwavering commitment to the development and progress of the state through the strategic partnership with the World Bank. AYCF President General Yerima Shettima said the collaboration, which encompasses a remarkable portfolio of eight major projects worth a total of …

The World Bank is working to connect 2.6 billion people still offline, leaning on digital solutions to narrow a persistent divide. Recently, its second annual Global Digital Summit gathered public and private leaders to refine this push, tapping the bank’s 80-year track record to lift access. A statement obtained from its website on Saturday detailed the Accelerating Digitalisation Global Challenge …

A Political Science, Sylvester Odion Akhaine has lamented the insidious role of Bretton Woods Institutions (BMIs) – World Bank, International Monetary Fund (IMF) and other agents of international finance – in wracking and undermining the development of Africa over the years. He argued that while ‘the masses in Africa desire popular democracy that is both participatory and egalitarian and guarantees …

Yobe State government has unveiled plans to construct 50 schools under the Adolescent Girls’ Initiative for Learning and Empowerment, aimed at enhancing access to education for the girl-child across the state. The project, which is funded by the World Bank and implemented by the Federal Ministry of Education in collaboration with the state government, seeks to address challenges hindering girls’ …

President Ahmed Tinubu left Abuja for Dar es Salaam, Tanzania on 26th January to attend the Mission 300 Africa Energy Summit. His mission to Tanzania was straightforward – to further galvanise efforts, multilateral support and investments aimed at increasing electricity access to Nigerians. The Misson 300 initiative itself is aimed at expanding electricity access to 300 million people throughout Sub-Saharan …

The Federal Government (FG) has secured a $1.1 billion loan from African Development Bank (AfDB), to provide electricity for 5 million people by the end of 2026. Special Adviser to the President, (Information & Strategy), Bayo Onanuga, who disclosed this in a statement, said President Bola Tinubu made this known at the just concluded two-day Mission 300 Africa Energy Summit …

The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Mr Norman Didam, for fraudulent, collusive, and corrupt practices linked to the National Social Safety Nets Project in Nigeria. In a statement on Monday, the World Bank disclosed that the project aimed …

The Federal Government in 2024 disbursed a total of N32 billion to the World Bank and five other international organisations as its contributory obligations as a member-nation. According to findings by Saturday PUNCH, the disbursements, released through the Office of the Accountant General of the Federation (AGF) in July 2024 were distributed among six international bodies, including the African Union …

Only six of the world’s 26 poorest countries are projected to reach middle-income status by 2050, the World Bank said in a new analysis. The rest are likely to remain in poverty unless they significantly boost their economic growth rates. The findings, part of the World Bank’s forthcoming “Global Economic Prospects” report to be published on Jan. 14, 2025, highlighted …