World Bank urges more funds, attention to reading skills

Mr Harry Patrinos the Manager Education Sector, World Bank group, on Saturday said Global Education and Skills Forum (GESF) would globally invest more money into primary school education with a focus on reading skills. “The government and education donors spend rising amounts of money into higher education, while investments into basic education remains stagnant, especially……

World Bank says Nigeria will soon recover from economic recession

The World Bank Group says Nigeria will soon recover from economic recession. Mrs Eme Essien-Lore, Country Manager in Nigeria, International Finance Corporation, a member of the group, made the observation in an interview with the News Agency of Nigeria (NAN) in Lagos on Thursday. ”In our perspective and with the numbers that we have seen……

Recession: Nigeria must create 40 million jobs – World Bank

The World Bank has said Nigeria must create about 40 million qualitative jobs, between 2010 and 2030 to enable the country recover from the present economic recession. Country Manager, World Bank Group, Mrs. Eme Essien Lore, stated this at the inaugural meeting of Secretaries to State Governments (SSGs) of All Progressive Congress States, held in……

Lagos and Edo privileged to access World Bank loan in Africa, Obaseki

Edo State Governor, Godwin Obaseki On World Bank Loan Edo State Governor, Mr. Godwin Obaseki has revealed that Edo state is just as privileged as Lagos state in Sub-Saharan Africa, to access World Bank loans at less than 1% for 20 years, and in some cases, 10 years moratorium. Governor Obaseki made this known in…

Ebonyi community gets N10m World Bank electricity, borehole assisted projects

Ebonyi Government says it will soon commence construction of a N10 million rural electrification and borehole projects at Indiechi-amichi in Izzi Local Government area of the state. Dr Peter Mbam, the Chairman of Ebonyi State Social Development Agency (ESSDA), made the announcement on Friday at Indiechi-amichi community when he visited the area to inaugurate the……

World Bank partners UBEC on Out-Of-School children

The World Bank in partnership with the Universal Basic Education (UBEC) is set to work on a programme to get Out-Of-School children in Nigeria back to school. Mr Tunde Adekola, Senior Education Specialist, World Bank, said this during a workshop for State Universal Basic Education Boards (SUBEBs) on the World Bank Proposed Project for Result……

World Bank investment in South-West Nigeria hits N305.2bn

The World Bank Country Director for Nigeria, Mr Rachid Benmessaoud, said the bank’s combined investment in the South West region of the country was about N305.2 billion (1 billion dollars). Rachid, in a statement on Wednesday by the Senior Communications Officer, Nigeria, Mrs Olufunke Olufon, said the investments were in conjunction with the Ministry of……

Nigeria shuns IMF, seeks $3.6bn loans from W/Bank, China

For insisting that Nigeria must officially devalue its local cuurncy, the naira, the Federal Government has closed all intention of seeking for loan facilities from the international financial institution. The country has instead gone for a total loan package of $3.6bn from the World Bank and China’s Export-Import Bank, according to the Finance Minister, Mrs….

World Bank sees more economic growth for Zambia

Zambia’s economic growth is seen rising to 4 per cent from 3.4 per cent in 2017 and 4.2 per cent in 2018, the World Bank said on Monday. World Bank’s senior financial management specialist Srinivas Gurazada said at a meeting with mining firms in Lusaka that the growth would be due to a jump in……

Nigeria needs $140bn to fight climate change – World Bank

The World Bank says that Nigerian Government will need about 140billion dollars to mitigate negative impacts of climate change in the country. Mr Benoit Bosquet, an official of the World Bank, stated this at the Climate Change Knowledge Immersion Workshop (KIW) in Abeokuta on Monday. The workshop was organised by the World Bank in collaboration……

World Bank appraises women, youth empowerment programme in Kaduna

The World Bank is conducting a two-day appraisal to address possible areas of challenges in its Women and Youth Empowerment programme in Kaduna State. The News Agency of Nigeria (NAN) reports that the programme is being implemented under the Value-Cahain Programme of the bank, through the Commercial Agriculture Development Project (CADP) in the state. Mr……