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World Bank

World Bank okays $750m IDA credit for Nigeria to revamp power sector

June 25, 2020 Verity News Admin 0

The World Bank has approved $750 million in International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO). The bank’s Board of Directors […]

Coronavirus: 60m at risk of ‘extreme poverty’ – World Bank

May 20, 2020 Verity News Admin 0

Up to 60m people will be pushed into “extreme poverty” by the coronavirus warns the president of the World Bank. David Malpass said the bank […]

World Bank warns on sub-Saharan Africa recession

April 9, 2020 Verity News Admin 0

The World Bank is projecting that sub-Saharan Africa will go into recession for the first time in a quarter a century as the Covid-19 pandemic […]

World Bank warns Nigerians of imminent extreme poverty

December 3, 2019 Verity News Admin 0

The World Bank has warned the present administration that the number of Nigerians living in extreme poverty may increase by more than 30 million by […]

Malaria control: 13 states to benefit from $250m World bank loan

November 15, 2019 Verity News Admin 0

The federal government is on the verge securing a $250 million World Bank facility to fund intervention programmes to check malaria disease in 13 states […]

FEC approves $50.6m additional shares in World Bank

November 14, 2019 Verity News Admin 0

The Federal Executive Council (FEC) on Wednesday approved for Nigeria to subscribe additional 3,230 shares worth $50.637 million in the International Bank for Reconstruction and […]

World Bank Rates Osun Best In Funding RAMP

October 14, 2019 Verity News Admin 0

Osun Rural Access Mobility Project (RAMP 2) has been rated the best by The World Bank in counterpart funding among the participating states in the […]

Nigeria Gets New World Bank Country Director

October 2, 2019 Verity News Admin 0

The World Bank has appointed Mr Shubham Chaudhuri as the new Country Director for Nigeria, succeeding Mr Rachid Benmessaoud who completed his term recently. A […]

World Bank thumbs up for Yobe governor

September 15, 2019 Verity News 0

The World Bank Country Director Mr Rachid Benmessaoud has praised Yobe State for managing the projects that it is supporting in the state very well, […]

National Identity Card, World Bank To Inject $433m

September 4, 2019 Verity News Admin 0

With a $433 million (N1.5 trillion) World Bank support, the National Identity Management Commission (NIMC) is set for a massive registration of Nigerians for the […]

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