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World Bank Ranks Nigeria’s Economy Low

The World Bank has categorised Nigeria among economies that have not recorded improved performance since 1995. The bank stated this in the latest edition of its Africa’s Pulse released yesterday. Nigeria was categorised among Angola, South Africa and 16 other countries. The report compared the average annual Gross Domestic Product (GDP) growth rates

Nigeria’s economy slipping – World Bank

economy slipping

The World Bank has said that the Nigerian economy has been slipping since 1995 and this continued till 2018. The bank, in its latest report on the regional economy titled, ‘Africa’s Pulse’, released the taxonomy of growth performance in sub-Saharan Africa, which focused on the macroeconomic and financial features that led

World Bank’s President Kim resigned to join a firm led by a Nigerian

World Bank Group President Jim Yong Kim will join Global Infrastructure Partners (GIP), a private equity fund that invests in projects in wealthy and developing countries, the firm said on Tuesday, a day after Kim's shock resignation from the bank. Kim, who joins New York-based GIP on Feb. 1 as a

World Bank approves $2.1bn loan for seven projects in Nigeria

The World Bank has announced the approval of $2.1bn loan for seven projects to be executed in Nigeria. A statement issued in Abuja on Thursday said the loans were approved in Washington on Wednesday and are for seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency,

Kogi seeks World Bank’s assistance to boost rice production

  The Kogi State government has announced it would seek for the World Bank’s intervention to boost rice farming in the state. Mr. Oloruntoba Kayode, the Kogi commissioner of agriculture said to this newsmen, Thursday, in Abuja. While highlighting the achievement of the World Bank’s Fadama III cassava production and agriculture value chain

World Bank: Fayemi briefs Buhari on $150m loan

The Minister of Mines and Steel Development, Dr. Kayode Fayemi, has briefed President Muhammadu Buhari on the $150 million loan recently received from the World Bank for the development of Nigeria's mining sector. Fayemi told newsmen in the State House after a closed-door meeting on Thursday with President  Buhari in Asorock

Agriculture: World Bank is set to give Nigeria $200M

The World Bank is prepared to inject $200 million into Nigeria’s agricultural sector. World bank’s Fadama team leader, Adetunji Oredipe on Wednesday, said the fund is to revitalise the nation’s livestock sub-sector. He said that the livestock sub-sector accounted for a sizeable part of Nigeria’s Gross Domestic Product (GDP), and still provides

PCNI Launches Interactive Stakeholders Dashboard

The Presidential Committee on the North East Initiative (PCNI) officially launched its online dashboard in Abuja on the 4th of April, 2017 at the Transcorp Hilton, a huge milestone in its efforts to coordinate rehabilitation and remediation efforts in the North East. The Dashboard is a web- based system that