By Jemimah Wellington, JKNewsMedia Reporter IN A scathing critique of international financial institutions, Akinbode Oluwafemi, Executive Director of Corporate Accountability and Public Participation Africa (CAPPA), presented a damning report that unveils how World Bank-backed water privatisation reforms have failed to address Nigeria’s growi...
By Joke Kujenya RISING LEVELS of hunger and malnutrition continue to challenge many low-income nations, especially in Africa, with millions facing severe food insecurity. The crisis, intensified by conflicts and climate change, has worsened in East and West Africa, where nearly 111 million people are at risk, according to the World Bank’...
By Jemimah Wellington, JKNewsMedia Reporter THE WORLD Bank has expressed concerns about Nigeria’s financial management, criticizing the government’s spending practices amid growing economic challenges. According to a report by the World Bank, the current administration under President Bola Tinubu has been urged to eliminate non-essential...
By Joke Kujenya NIGERIA’s POWER sector faces pressing challenges as efforts intensify to boost electricity access nationwide. Wale Edun, the Honourable Minister of Finance and Coordinating Minister of the Economy, met with Guangzhe Chen, Vice President for Infrastructure at the World Bank, to tackle these issues and accelerate reforms. The dis...
By Joke Kujenya IN FUNDING to support Nigeria’s economic stabilization and reform initiatives, the World Bank has approved $2.25 billion loan. The package includes $1.5 billion for the Nigeria Reforms for Economic Stabilization to Enable Transformation (RESET) Development Policy Financing Programme and $750 million for the Nigeria...
By Jemimah Wellington, JKNMedia Reporter IN COLLABORATION with the Global Partnership for Education (GPE) supported by the World Bank, the Oyo State government, has begun disbursing grants for the renovation of fifty-eight public schools across the state. It is an initiative aimed at enhancing the state’s educational infrastructure to provide ...
By Helen Okechukwu, JKNMedia Reporter DURING the recent International Monetary Fund Spring meeting in Washington DC, Nigeria’s Minister of Finance, Wale Edun, revealed a significant breakthrough for the nation’s economy. A hefty $2.25 billion package from the World Bank was announced, offering a substantial lifetime for Nigerian’s financial la...
