Despite receiving more than $3.65 billion in World Bank-backed funding over the last 24 years, Nigeria continues to struggle with unreliable electricity supply, frequent national […]
Tag: World Bank
World Bank approves $500m credit for Nigeria’s agricultural value chains
The World Bank has approved a $500 million credit facility through the International Development Association to support Nigeria’s agricultural sector, with a strong focus on […]
World Bank Flags Nigeria’s 2025 Budget as Overly Ambitious, Warns of Recourse to CBN’s Overdraft
The World Bank has described Nigeria’s record-breaking ₦54.99 trillion 2025 federal budget as overly ambitious, cautioning that revenue shortfalls may force the Federal Government to […]
World Bank Debars Nigerian Firms, CEO for Corruption in Social Safety Nets Project
The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, along with their Managing Director […]
World Bank to Decide on $1.65bn Loan Projects for Nigeria in 2025 Amid Rising Debt Service Costs
The World Bank is set to approve three major loan projects for Nigeria in 2025, amounting to $1.65 billion, as part of its efforts to […]
World Bank Urges Nigerians to Back Economic Reforms, Warns Against Reversal
The World Bank has called on Nigerians to support the country’s ongoing economic reforms, warning that reversing them could have dire consequences. Speaking at the […]
Nigeria Secures $6.45bn in World Bank Loans Under Tinubu, Sparking Debt Concerns
In just 16 months under President Bola Tinubu, Nigeria has secured loans worth $6.45 billion from the World Bank, with the latest approval of $1.57 […]
Katsina State Government Clarifies N15.4 Billion World Bank Reimbursement
The Katsina State Government has clarified that the N15.4 billion it recently received was a reimbursement from the World Bank, facilitated through the Federal Ministry […]
Nigeria Seeks $500M World Bank Loan to Boost Rural Roads and Agriculture
The Federal Government is seeking a $500 million loan from the World Bank to improve rural road infrastructure and agricultural marketing across Nigeria. This initiative […]
World Bank to Consider $2.25 Billion Loan for Nigeria in Two Weeks
The World Bank board of directors is poised to review a $2.25 billion loan for Nigeria within the next two weeks, announced Wale Edun, the […]