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...
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...
In a nation blessed with abundant oil reserves and home to some of Africa's wealthiest individuals, a recent report by the World Bank paints a deeply troubling picture: 40 million Nigerian children are trapped in the clutches of extreme poverty. This alarming statistic, as reported by Punch...
The World Bank has given the green light for a new $700 million loan to support the Adolescent Girls Initiative for Learning and Empowerment program in Nigeria. This initiative aims to enhance secondary education prospects for girls in targeted states.
With the additional financing, the project...
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