The World Bank has commended Governor Peter Mbah of Enugu State over his numerous developmental strides in the areas of water and agriculture, particularly livestock farming. It stressed that the governor’s efforts at transforming the state would help in upscaling its agricultural productivity. National Coordinator of Livestock Productivity and Resilience Support Project (L-PRES), a World Bank-assisted project, Sanusi Abubakar, gave …

A recent report by the World Bank says that less than 20 per cent of households in Nigeria and other African countries own a computer. In the 177-page report titled ‘Digital Progress and Trends Report’, the World Bank shed light on the digital divide between low and high-income countries and its impact on the economy, business and income. The report …

Nigeria’s economic priority needs will get World Bank support, the organisation said yesterday. It also applauded President Bola Ahmed Tinubu’s economic reform programmes. World Bank’s Managing Director (Operations) Anna Bjerde, conveyed this commitment during a visit to the President at Aso Villa yesterday. Bjerde told reporters after the meeting that the bank would continue to support the reforms of President Tinubu administration. …

At least 5, 200 female livestock farmers in Taraba State would be empowered through a World Bank-assisted project, Livestock Productivity and Resilience Support, to increase productivity and encourage commercialisation across the livestock value chain. Also, the Federal Government, under the National Poverty Reduction with Growth Strategy, on Wednesday, distributed farm inputs to 257 small-scale farmers in Akwa Ibom State, to …

The World Bank has said the Innovation Development and Effectiveness in the Acquisition of Skills (IDEAS) project in Nigeria will engage 200,000 youths with the necessary skills and jobs. According to the bank, the project does not include tertiary institution graduates but those with secondary school certificates who will be trained for already existing jobs. Speaking in Abuja, World Bank …

The Kwara State Primary Health Care Development Agency (KWSPHCDA) has boosted the 193 Primary Health Centers within the state, with N887,800,000 drawn from the World Bank utilisation funds. According to Arewa PUNCH, findings revealed this much, through an information contained in the update on the funds utilisation of the World Bank Immunisation Plus and Malaria Progress by Accelerating Coverage and …

The chairman, Board of Trustees (BOT) of the Centre for Transparency Advocacy, Dr. Chima Amadi, yesterday said economic remedies from the International Monetary Fund (IMF) and the World Bank cannot revive the Nigerian economy. He also said the policies of the two international financial institutions may not be able to raise 200 million Nigerians out of poverty. He asked the …

In a landmark move, the World Bank has given the green light to the Nigeria Distributed Access through Renewable Energy Scale-up (DARES) project with a substantial International Development Association (IDA) credit of $750 million. This initiative, set to leverage over $1 billion in private capital and additional funding from esteemed partners such as the Global Energy Alliance for People and …

Nigeria Labour Congress (NLC) has strongly criticised the World Bank for suggesting an end to petrol subsidy and an increase in petrol price to N750 per litre, labelling the financial institution an “enemy of the Nigerian nation”. In a statement on Friday, NLC President, Comrade Joe Ajaero expressed disappointment with the World Bank’s recommendation, highlighting the adverse effects such a …

The Federal Government, through the Ministry of Solid Minerals Development, is exploring collaboration with the World Bank to unlock financing and technical support for the development of the mining sector. During a courtesy visit to the Minister, Dr. Dele Alake on Monday, World Bank Country Director for Nigeria, Mr. Shubham Chaudhuri expressed satisfaction with the renewed focus on development of …