August 3, 2025

world bank

Business

World Bank Endorses Nigeria’s 90,000km Fibre-Optic Backbone Project

ABUJA, July 24, 2025 – The World Bank has reaffirmed its support for Nigeria’s ambitious plan to deploy a 90,000-kilometre national fibre-optic broadband infrastructure, aimed at boosting digital connectivity and economic transformation across the country. The endorsement came from Anshula Kant, the Managing Director and Chief Financial Officer of the World Bank Group, during a

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Business

Nigeria Engages World Bank to Tackle Costly Fish Importation, Boost Local Production

Abuja, July 18, 2025 —The Federal Government of Nigeria has commenced high-level discussions with the World Bank to secure financing aimed at bolstering local fish farming as part of efforts to curb Nigeria’s heavy reliance on imported fish. The move comes amid mounting concerns over the nation’s annual fish import bill, which experts say has

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Business

World Bank Urges African Governments to Enhance Essential Services for Sustainable Growth

July 11, 2025 The World Bank has called on African governments to urgently improve the delivery of essential public services such as education, healthcare, water, electricity, and digital infrastructure, emphasizing that sustainable and inclusive growth across the continent depends heavily on stronger service systems. This appeal was made on Thursday in a new report released

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General World

Kogi Govt Fast-Tracks Reforms Under $750m World Bank SABER Programme to Boost Business Climate

Lokoja, Kogi State – June 29, 2025  The Kogi State Government has reaffirmed its commitment to accelerating key economic reforms under the $750 million World Bank-backed State Action on Business Enabling Reforms (SABER) programme, as part of efforts to improve the ease of doing business across Nigeria. Speaking on the development, a senior government official

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General World

FG Risks Loss of $10m World Bank Support Over Audit Gaps, Project Delays

The Federal Government is set to lose a significant portion of a World Bank facility, amounting to $10 million, following persistent lapses in audit standards and delays in the implementation of key reforms under the Fiscal Governance and Institutions Project (FGIP). The $103 million programme, backed by the International Development Association (IDA), the concessional lending

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Economy General

Wale Edun Calls for Sustained Private Sector Investment as World Bank Applauds Nigeria’s Economic Strides

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called for sustained private sector investment to consolidate the country’s current economic progress. This comes as the World Bank commended Nigeria’s recent economic reforms and growing fiscal discipline, acknowledging positive signs of recovery and resilience. Speaking at a high-level policy roundtable

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