World Bank picks Ogunbiyi, 14 others to drive private sector investment Chief Executive Officer of Sustainable Energy for All, Damilola Ogunbiyi, is one of the 15 chief executive officers (CEOs) and chairs to join the Private Sector Investment Lab. According to a statement by the Bank, the Lab’s core[Read More…]
World Bank lists Nigeria among countries with ‘high food security concern’ The World Bank has retained Nigeria alongside Afghanistan, Somalia, South Sudan and Yemeh as hotspots of global food security concerns, raising a red flag on the governments’ capacity to weather the storm. It is not the first time Nigeria[Read More…]
The President of the World Bank Group, David Malpass, has warned against the parallel exchange rate, stating that it impedes foreign investment, affects the bank’s projects, as well as worsens debt problems in countries like Nigeria. In a statement reported on Thursday, Malpass said the parallel rate is also associated[Read More…]
The World Bank has approved the extension of the Federal Government COVID-19 Action Recovery and Economic Stimulus tagged: “NG-CARES” Programme from June 2023 to June 2024. The Minister of State for Budget and National Planning, Clem Agba, made this known on Wednesday at a Ministerial Town Hall meeting on NG-CARES[Read More…]
World bank has commended Nigeria for reducing gas flaring, saying they have done well. World bank said, Nigeria significantly contributed to global gas flare reduction in 2022. According to the report, the progress in reducing gas flaring resumed in 2022, with gas flared worldwide falling by 5 billion cubic meters[Read More…]
The new satellite data compiled by the World Bank’s Global Gas Flaring Reduction Partnership (GGFR), says, progress in reducing gas flaring resumed in 2022, with gas flared worldwide falling by 5 billion cubic meters (bcm) to 139 bcm, its lowest level since 2010. The report also stated that the reduction[Read More…]
