The Federal Government has opened discussions with the World Bank for three new loans totalling $1.5bn, even as Nigeria’s public debt climbed to a record N166.79tn at the end of June 2026. Documents obtained from the World Bank show that the proposed financing comprises three separate $500m facilities for climate resil…

…development partnerships. The record includes engagement with organisations such as the World Bank, UNDP, DFID and the European Union, alongside diplomatic engagement with foreign governments. His manifesto also says he was recognised by the Millennium Development Goals Office and UNDP for the implementation of develop…

…Single Point Moorings (SPMs) and incorporates advanced processing technology that meets World Bank, United States Environmental Protection Agency (EPA), European emission standards, and Nigerian regulatory requirements. “Its integrated port infrastructure includes multiple quays capable of handling Panamax vessels, liq…

The World Bank Group has said it will support reforms to Nigeria’s electricity tariff and subsidy frameworks as part of efforts to restore financial sustainability in the power sector. The World Bank disclosed this in its Country Partnership Framework for the Federal Republic of Nigeria for the period FY26-FY32. Accord…

…Board last week conducted a three-day strategic planning workshop with support from the World Bank-backed IMPACT Project and the participation of chairmen of Local Government Areas and Local Council Development Areas. The proposed plan is expected to establish a baseline for primary healthcare services across Lagos, id…

…Senator Uba Sani played a leading role in the 9th Senate’s approval of the $350 million World Bank loan for Kaduna State, after the 8th Senate had rejected it. The PDP chairman claimed that Uba Sani had said, “I can vouch for the Kaduna State Government under Mallam Nasir El-Rufai to prudently deploy the loan; in fact,…

…was declining and government revenues were under pressure. He cited warnings by the World Bank that the subsidy was consuming resources that could have been deployed to critical sectors, including education, healthcare, infrastructure and social protection.According to Idris, the Federal Government’s recently presented…

…the Federal Government’s N4.57tn allocation in the figures contained in the document. A World Bank analysis similarly identified 2024 as a turning point when state governments received more from FAAC distributable revenues than the Federal Government, reflecting a structural shift in the pattern of federation revenue d…

…to Bretton Woods Institutions neoliberal economic policies, someone who believes in World Bank and IMF prescriptions, devaluation of currency, privatisation of public enterprises and all sorts of capitalist bourgeoisie economic policies, and someone who has, throughout his political history and campaigns, stood for the…

…of about 3,000 kilometres of roads to the improved revenue position, alongside World Bank-supported interventions. In Sokoto, the government said higher FAAC receipts had funded township and rural roads, water infrastructure, education, healthcare, housing and agriculture, citing the N14.1bn Tamaje Water Scheme as a ma…

…adding that reform is not the goal, but that better lives are. According to him, the World Bank’s April 2026 Nigeria development update made it clear that Nigeria’s challenge is how to turn economic reform and stabilisation into improved livelihoods, stronger human capital, wider opportunities, and inclusive growth. “W…

…N16.5tn on self-generation in 2023, compared with about N1tn in grid revenue, while the World Bank estimated that unreliable electricity caused an annual economic loss of $25bn, equivalent to between five and seven per cent of the country’s Gross Domestic Product. The ministry said improved grid stability, the creation…

The World Bank on Tuesday called on developing countries to embrace artificial intelligence technology tools to deliver better governance outcomes, warning that they risked being left behind if they failed to do so. “AI has thrown developing economies a lifeline, and they should seize it,” the Chief Economist of the Wo…

…that shortly after assuming office, his administration withdrew Anambra State from a World Bank loan programme because of concerns over exchange rate risks. According to him, although the loan initially attracted little or no interest, it would have become significantly more expensive following the depreciation of the…

…unless they urgently embrace and adapt the technology to their local realities, the World Bank Group’s Chief Economist and Senior Vice-President for Development Economics, Indermit Gill, warned on Wednesday. Gill gave the warning while delivering the keynote address at the 7th Africa Emerging Markets Forum in Abuja, or…

…was collaborating with the Agro-Climatic Resilience in Semi-Arid Landscapes project, a World Bank-supported initiative aimed at restoring degraded land and rehabilitating exploited forests. “We are now replanting trees to restore our green environment. You will recall that during the last World Environment Day celebrat…

…warns Nigeria’s collateral-backed borrowing could complicate debt restructuring FORMER World Bank President David Malpass has said that repeated currency devaluations are deepening poverty in developing countries, as falling exchange rates drive up the cost of food, fuel and medicine while eroding the value of pay and…

…Secretary Ed Miliband will take on the role of the United Kingdom’s Governor to the World Bank, taking personal leadership of the country’s engagement on international development and climate finance. The UK Foreign, Commonwealth and Development Office announced the appointment on Monday, saying Miliband would attend t…

…Resources to launch a fresh concession process for viable hydropower assets, while the World Bank-backed Sustainable Power and Irrigation Programme is actively developing a hydropower masterplan to support financing for medium to large hydropower projects across the country. He said there was a need to strengthen the i…

…evidence suggests the opposite. Nigeria’s debt-to-GDP ratio may still be within what the World Bank considers sustainable, but debt sustainability is not a measure of prosperity. It is a measure of the government’s ability to keep servicing its obligations-a low bar for a country that can always squeeze more taxes from…

…poverty trap which Tinubunomics has unleashed on 99 per cent of Nigerians. The World Bank was actually being polite and generous by using the word “threatens” to describe an existential reality. Acute poverty already defines the lives of more than 90 per cent of Nigerians everywhere. The combination of rapidly increasi…

…in Nigeria against about 9 per cent in Vietnam and 3 per cent in China, while on the World Bank’s Logistics Performance Index, Nigeria ranks 88th out of 139 countries, compared with Vietnam’s 43rd and China’s 19th. “The result: in a country of 230 million consumers, with duty-free access to 1.4 billion more under the A…

…percentage points higher than countries without such reforms. Mbugua also referenced the World Bank’s Regional Digital Integration Programme in West Africa, where modernised licensing helped increase broadband penetration from 26 per cent to 36 per cent within three years while reducing the cost of one gigabyte of data…

…of IITA. The State Project Coordinator commended the continued support of the World Bank, the Federal Project Management Unit (FPMU) and the Kwara State Government, under the leadership of Governor AbdulRahman AbdulRazaq, for creating an enabling environment for the successful implementation of the programme. He urged…

…disappoint you so you might as well marry the one that has a lot of money - Nigerian World Bank Group Legal Analyst advises women A Nigerian Legal Analyst at the World Bank Group, Vivian Irondi, has said that since all men can disappoint, women might as well choose wealthy and self-respecting ones as husbands. Irondi w…