The world bank – InfoStride News

World Bank urges Federal Government to rebuild citizens’ trust for successful reforms

Temitope Nlewemchi — Sun, 13 Jul 2025 13:01:44 +0000

The World Bank has advised the Federal Government of Nigeria to take urgent and deliberate steps to bridge the widening trust gap between the government and its citizens. The international financial institution noted that for the country’s economic and social reforms to be successful and sustainable, the people must believe that government actions serve their [...]

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World Bank Issues Warning on Food Insecurity in Nigeria and Others Due to Middle East Conflict

Temitope Nlewemchi — Sun, 14 Jan 2024 01:03:09 +0000

The World Bank has issued a stark warning about the potential for food insecurity in Nigeria and other nations, citing the ongoing conflict in the Middle East as a primary contributing factor. The repercussions of the conflict are anticipated to have widespread impacts on global food availability, pricing, and supply chains. ### **Key Points:** 1. [...]

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Federal Government Plans Nationwide Expansion of $100 Million World Bank-funded Women’s Empowerment Project

Temitope Nlewemchi — Sat, 13 Jan 2024 23:51:29 +0000

In a significant move towards promoting women’s empowerment and socio-economic development, the Federal Government has announced plans to expand a $100 million World Bank-funded project to rural communities across the nation. This initiative underscores the commitment to inclusivity and underscores the importance of uplifting women in various sectors of the economy. The project, initially designed [...]

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Boosting Recovery: World Bank Elevates Palliative Loan to $315M for Nigeria’s Economic Resilience

Temitope Nlewemchi — Wed, 27 Dec 2023 23:27:39 +0000

Infostride News has reported that the World Bank has increased its disbursement to Nigeria under the National Social Safety-Net Program Scale Up (NSSP-SU). The disbursement has risen from about $300 million to $315 million, out of the approved $800 million for the program. This development, initially reported exclusively by Infostride News, signifies an additional $15 [...]

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World Bank Alert: Forex Woes Drive Remittances Underground in Sub-Saharan Africa

Temitope Nlewemchi — Wed, 27 Dec 2023 23:02:05 +0000

In its recent Migration and Development Brief released in December titled “Leveraging Diaspora Finances for Private Capital Mobilization,” the World Bank underscored the impact of foreign exchange issues, specifically fixed exchange rates and capital controls, on remittance inflow in the Sub-Saharan region. The report, which was originally covered by Infostride News, highlighted the diversion of [...]

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Over $11 billion from World Bank fuels Nigeria’s growth, Shubham Chaudhuri reveals

Temitope Nlewemchi — Thu, 02 Nov 2023 19:54:24 +0000

The Country Director for Nigeria at the World Bank, Shubham Chaudhuri, recently unveiled the organization’s substantial financial commitment to both the federal and sub-national levels of the Nigerian government. This momentous announcement occurred at the inception of a three-day cabinet retreat, which was attended by esteemed ministers, presidential aides, permanent secretaries, and senior government officials. [...]

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Examining Nigeria’s N77 Trillion Debt: Insights After the World Bank and IMF Summit

Temitope Nlewemchi — Sat, 21 Oct 2023 21:30:19 +0000

Nigeria’s mounting debt and inadequate fiscal management practices have contributed to an upsurge in poverty, as reported by Olufemi Aduwo, Chairman of the CSO-African Countries Group of the World Bank. In 2022, Nigeria’s debt soared to ₦77 trillion, with the debt-to-GDP ratio ballooning from 17.7% to 37.3%. Fiscal mismanagement, a lack of adherence to the [...]

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Lack of proper transparency may hamper debt restructuring, World Bank advises

Temitope Nlewemchi — Sun, 21 Nov 2021 20:26:09 +0000

Limited transparency will reduce the debt reconciliation and restructuring of the poorest countries, the World Bank Group President, David Malpass, has advised. He didn’t fail to mention that improving debt transparency required a sound public debt-management legal framework, integrated debt recording and management systems, as well as improvements in global debt monitoring. He added that [...]

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