Bright Ben And Tina When The Going Was Good It's about a week now that the story of a man who claimed his pastor snatched his wife has been on the internet and several reactions have emanated from Nigerians. Some have been casting aspersions on the pastor, while others have criticized the husband of the woman.
There are so many Influential men and women in Nigerian that have made gained worldwide recognition and fame in different parts of the world.We will be discussing four famous Igbo legends that have put Nigerian on the world map 01: Ngozi Okonjo Iweala Ngozi Okonjo Iweala is a very famous woman.
It is no news that Nigeria has been going through some financial challenges over the years. The COVID-19 and lockdown period last year also played a role in the financial crises we are facing today. The Buhari administration has been borrowing from the World Bank, and other countries, to make sure the Nigerian people are comfortable.
Despite criticism back in Nigeria over his numerous loan requests in the past few years, President Muhammadu Buhari appealed to ”rich nations” and international financial institutions for outright debt cancellation for countries ”facing the most severe challenges in the wake of the COVID-19”. He particularly urged G20 countries to extend their debt suspension initiatives to all developing countries, least developed countries and small island developing states facing fiscal and liquidity challenges.
The World Bank has declared as effective President Muhammadu Buhari regime’s $750-million COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Programme. Photo Credit: Peoples Gazette Aso Vakporaye, the Federal CARES Technical Committee chairman, announced this in a statement on Tuesday. Mr Vakporaye recalled that the President Muhammadu Buhari regime sought the assistance of the World Bank in funding its ‘Post-COVID-19 Economic Sustainability Plan’.
Image credit: Nigeria Tribune. As reported by The Nigeria Tribune, the civil society and labour activists across Africa campaigning against water privatisation will organize the first-ever Africa Week of Action against water privatisation from October 11-15, 2021. The dates for the week of action were chosen because they coincide with the World Bank and International Monetary Fund Annual Meetings slated for October 11 to 17.
President Muhammadu Buhari has requested the approval of the Senate to borrow the sum of $4 billion loan, €710 million and grant components of $125 million, which is aimed at taking care of 15 projects, it has also been revealed that the World Bank would finance 7 out of the 15 listed projects across the 6 geo-political zones.
A list of debarred individuals and firms was presented in a new annual report titled: World Bank Group Sanctions System FY21.” The debarments were made by the World Bank Sanctions Board, World Bank Chief Suspension and Debarment Officer and the African Development Bank. The debarments made by AfDB were recognised by World Bank, making the affected firms to be barred under cross-debarment policy.
The International Development Association is powered by the World Bank to assist the poorest countries. Recently the IDA(International Development Association) released a financial report about the different countries it has supported. The essence of the report is to explain the current state of its finances.
It is common knowledge that Nigeria is having a difficult time financing some of the projects that the federal government wishes to execute. This explains why the government is borrowing from the World Bank and some other foreign lenders to finance some projects. In the wake of the economic hardship, some people have suggested that the cost of governance is too exorbitant for Nigeria to bear, and should be cut down.
World Banks Approves $750 Million Loan For Buhari. The World Bank has declared as effective, President Muhammadu Buhari regime’s $750-million COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Programme. Photo Credit: Peoples Gazette Aso Vakporaye, the Federal CARES Technical Committee chairman, announced this in a statement on Tuesday.
The first China-Africa rail-sea express train departs from Zhuzhou, central China's Hunan province for the Nansha port in south China's Guangdong province, where containers on the train will be unloaded and transferred onto a ship to Kenyan city Mombasa, Sept. 15, 2021. (Photo by Guangzhou Daily)
The World Bank has released a replacement report revealing an inventory of Nigerian companies and individuals involved in corrupt practices and fraud, Amarachi Orjiude and Sami Olatunji report The World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in its 2021 financial year 2021, a replacement report has revealed.
The World Bank has listed Nigeria and nine other Countries as nations with high debt risks. In a statement released for the International Development Association (IDA) on Monday, the World Bank listed Nigeria as number 5 with a debt of 11.7 billion dollars in IDA debt stock.
Sanusi Lamido Sanusi who is the former Central Bank of Nigeria Governor and former Emir of Kano has said that Nigeria has lost 35 years of economic achievements between 2014 and 2019 alone. The former Emir of Kano said this during a virtual forum organized by the Harvard Kennedy School Alumni Association of Nigeria.
"In over 40 years, we had made no progress." - Sanusi Lamido Muhammad Sanusi II, the previous Emir of Kano, contended that the country's 35 years of growth had been squandered. According to him, the Nigerian economy has made no significant growth in the last 40 years.
The World Bank Country Director for Nigeria, Shubham Chaudhuri, has disclosed how Nigerians can gain access to One billion dollars, approved by its board to strengthen the nation’s health sector. According to him, the future of Nigeria is in the hands of the health commissioners, and People are more important for economic development than any other ingredient for growth.
The Board of Directors of the World Bank has approved credit to the tune of $400 Million dollars to Nigeria for the buying of Covid-19 Vaccines. The money is an additional financing from the International Development Association (IDA). The International Bank announced the approval on Friday at Washington.
The World bank in a financial statement for the International Development Association(IDA) released on Monday, pegged Nigeria at number five among the top-10 high-debt risk nations with an $11.7bn IDA debt stock. According to the document, there are two types of credit risk.
As part of the efforts to eradicate the practice of Female Genital Mutilation (FGM) in Nigeria, the Federal Ministry of Women Affairs has created women affinity groups, through a project called ‘Nigeria for women’ and supported by the World Bank. These groups currently in six states within the six geopolitical zones are mandated to address all issues of women and girls through four components- social capital, livelihood support, innovation and partnerships.