world bank
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Nigeria $32 Million Missing from Nigeria’s Water Infrastructure, World Bank Reports
The World Bank uncovered $32 million in unaccounted funds from Nigeria’s water project, as revealed in its FY2024 Sanctions System Annual Report. The missing funds were meant for water infrastructure development. The bank is working with Nigerian authorities to recover the amount and ensure...- Nigeria News
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- $32 million missing funds nigeria water project world bank
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Nigeria World Bank Highlights Inconsistencies in NNPCL Revenue Reports Submitted to FAAC
The World Bank has criticized the Nigerian National Petroleum Company Limited (NNPCL) for its lack of transparency and inconsistent financial reporting, which hinders oil revenue oversight. The ARMOR Report urges Nigeria to implement fiscal reforms and diversify its revenue sources as it seeks a...- Nigeria News
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- faac nnpcl oil revenue transparency revenue reporting world bank
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Business FG, World Bank call for urgent acceleration of women empowerment efforts in Nigeria - The Sun
https://thesun.ng/fg-world-bank-call-for-urgent-acceleration-of-women-empowerment-efforts-in-nigeria/- Kayode Israel
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Nigeria Nigeria Set to Secure $500 Million World Bank Loan to Improve Basic Education
Nigeria is set to secure a $500 million loan from the World Bank to enhance basic education, part of the HOPE initiative. The project aims to improve learning outcomes and reduce the number of out-of-school children, with a total estimated cost of $554 million, including a $54 million grant...- Nigeria News
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- basic education education loan hope initiative world bank
- Category: Politics
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Nigeria World Bank Warns: Tinubu’s Reforms Essential to Avoid Nigeria's Economic Crisis
The World Bank asserts that President Bola Tinubu’s reforms aim to prevent Nigeria from economic collapse amid rising inflation. With over 129 million Nigerians living in poverty, the bank emphasizes the need for corrective measures to stabilize the economy and improve the purchasing power of...- Nigeria News
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- president tinubu tinubus reforms world bank world bank diop
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Nigeria World Bank Report: 129 Million Nigerians Now Living in Poverty
Over 129 million Nigerians are now living in poverty, according to a World Bank report. Soaring inflation, economic mismanagement, and external shocks have pushed millions into poverty since 2018, with rising food prices and low job productivity worsening the crisis. Urban poverty has also...- Nigeria News
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- economic crisis inflation nigeria poverty world bank
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Nigeria Nigeria’s Debt Concerns Rise as FG Secures Additional $6.45 Billion in Loans from World Bank
The Nigerian government, under President Bola Tinubu, has secured $6.45 billion in loans from the World Bank in 16 months. Recent approvals aim to address key sectors like healthcare and education. Concerns grow over the rising debt profile, with Nigeria's total borrowing from the World Bank...- Nigeria News
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- debt management loans nigeria world bank
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Business World Bank approves $1.57bn for Nigeria to improve healthcare services, address flooding - The Cable
https://www.thecable.ng/world-bank-approves-1-57bn-for-nigeria-to-improve-healthcare-services-address-flooding/amp/- Kayode Israel
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Nigeria Nigeria to Receive $1.5 Billion from World Bank for Key Development Projects
The World Bank is poised to approve a $1.5 billion loan to Nigeria by September 26, 2024. This funding will support three key projects in healthcare, agriculture, and infrastructure, aimed at enhancing economic stability and sustainable development across the country. The World Bank is set to...- Nigeria News
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Nigeria Nigeria Climbs to Third Position in World Bank Borrowing Rankings
Nigeria has become the third-largest borrower from the World Bank's International Development Association, with loans rising to $16.5 billion as of June 2024. This increase raises concerns about the country's debt management strategies as it surpasses other nations in borrowing. As of June 30...- Nigeria News
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- debt management ida borrowing world bank
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ExpiredService Apply for the Ogun State Government TVET Scholarship
Click Here For More Details The Ogun State Government TVET Scholarship is open for applications in 2024. This scholarship, in partnership with the World Bank through the Ogun State Economic Transformation Project (OGSTEP), offers awards to 1,000 girls for technical education. Discover how to...Free- Kayode Israel
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- ogun state government ogun state government scholarship ogun state scholarship world bank
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Nigeria World Bank Backs Tinubu's Reforms with $2.2 Billion Loan for Nigeria
The World Bank has approved a $2.25 billion loan for Nigeria to stabilize its economy and support President Tinubu's macro-fiscal reforms, including the controversial fuel subsidy removal. The World Bank has approved a $2.25 billion loan request for Nigeria, in a move aimed at stabilizing the...- Nigeria News
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- $2.2 billion loan president tinubu world bank
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![[VIDEO] Museveni's Explosive Claims: IMF, World Bank, and West Accused of Perpetuating African Poverty](/data/attachments/203/203562-3e4cd6f7e986019cd4da5cfb35b5800f.jpg?hash=PkzW9-mGAZ)
Africa [VIDEO] Museveni's Explosive Claims: IMF, World Bank, and West Accused of Perpetuating African Poverty
Amidst the World Bank's International Development Association summit for African Heads of State in Nairobi, Kenya, Ugandan President Yoweri Museveni delivered a scathing indictment, accusing the IMF, World Bank, and Western nations of perpetuating poverty in Africa. Museveni contended that the...- Nigeria News
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- african poverty imf museveni uganda western powers world bank
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Nigeria Internet Access Slashes Poverty by 7% in Nigeria and TanzaniaInternet Access Slashes Poverty by 7% in Nigeria and Tanzania - World Bank Report
A recent World Bank brief, titled "Digital Transformation Drives Development in Africa," reveals that improved internet access has contributed to a notable 7% reduction in extreme poverty in Nigeria and Tanzania over three years. The report also highlights an 8% increase in labor force...- Nigeria News
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- poverty in nigeria sub saharan africa world bank
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Nigeria Nigeria Labour Congress Accuses World Bank of Hostility, Rejects N750/Litre Fuel Price Proposal
The Nigeria Labour Congress (NLC) has vehemently criticized the World Bank, branding it an "enemy of the Nigerian nation," following the institution's call for the Federal Government to end petrol subsidies and increase prices to N750 per litre. NLC President Ajaero condemned the World Bank's...- Nigeria News
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- alex sienaert channels tv joe ajaero nlc petrol price in nigeria tuc world bank
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Nigeria Nigeria's Poverty Hits 46%, 104 Million Affected, Up by 24 Million in 5 Years - World Bank Report
The World Bank's Nigeria development update unveils a stark reality—Nigeria's poverty rate has surged to 46 percent in 2023, translating to a staggering 104 million poor Nigerians. The report attributes this alarming increase from 40 percent in 2018 to sluggish growth and rising inflation...- Nigeria News
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- channels tv poverty in nigeira world bank world bank report
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Nigeria Government Dismisses World Bank, Says Petrol Subsidy 'Gone for Good
In a televised interview on Channels TV, Minister of Information and National Orientation, Mohammed Idris, emphatically dismissed the recent assertion by the World Bank that the Federal Government continues to pay subsidy on petrol. According to the minister, President Bola Tinubu had made it...- Nigeria News
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- alex sienaert channels tv fuel subsidy world bank
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Nigeria World Bank Advises FG: Cease Subsidy Payments, Consider Petrol Price Hike to N750/Litre
In a significant development, the World Bank has urged the Federal Government to put an end to fuel subsidies and consider raising the petrol price to N750 per litre, citing the current rates as non-cost-reflective. The recommendation comes as a part of the Nigeria Development Update (NDU)...- Nigeria News
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- ajay banga alex sienaert pertrol subsidy premium times world bank
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Nigeria Federal Government Allocates 2% of 2024 Budget to Poverty Reduction, Falling Short of World Bank Recommendations
The Federal Government of Nigeria plans to allocate 2% of its 2024 budget—equivalent to N534 billion—towards poverty reduction and social development, as revealed by the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu. However, this allocation falls short of the World Bank's...- Nigeria News
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- bola tinubu budget of renewed hope world bank
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Nigeria Nigeria in Talks With World Bank for $1.5 Billion Loan – What You Need to Know
As Nigeria approaches its 63rd Independence Anniversary, the Federal Government has entered into discussions with the World Bank regarding a potential $1.5 billion loan. The loan, known as 'Nigeria Human Capital for Opportunities and Empowerment' (HOPE), aims to strengthen systems for improved...- Nigeria News
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- bola ahmed tinubu nigerias debt world bank
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