World Bank to support Nigeria’s essential sectors

world bank to support oil demand decline

World Bank to support the Nigerian government to strengthen the health and education sectors. The President, World Bank Group, David Malpass, said this during a press briefing at the 2020 annual general meeting on Thursday. Pointedly, the World Bank support for the country in the cause of the pandemic continue to reduce public fiscal constraint He said: “For Nigeria, the vital steps are to strengthen the health system and the education system, and we try to work in those areas. “Also, the governance system and transparency are vital in order…

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World Bank Approves $12bn for COVID-19 Vaccines

covid-19 vaccine on the display in a lab for distribution

The World Bank’s Board of Executive Directors today approved an envelope of $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens. The financing, which aims to support vaccination of up to a billion people, is part of an overall World Bank Group (WBG) package of up to $160 billion through June 2021 to help developing countries fight the COVID-19 pandemic. It adds new financing to the World Bank’s COVID-19 emergency response programs that are already reaching 111 countries. This…

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COVID-19: UNECA says remittances to Africa shrinks by $18billion

UNECA logo symbolizing united nations economic for africa

The United Nations Economic Commission for Africa (UNECA) has said that COVID-19 pandemic is likely to cost the African continent $18 billion in remittances. A new report launched by UNECA on Wednesday, entitled “Preserving Remittances in the Time of COVID-19”, highlighted the “severe impact” that the global COVID-19 pandemic has had on remittance inflows to Africa, mainly due to the situation of migrants in most affected countries. The report was launched by UNECA, in partnership with the anti-poverty organization ONE. The report noted that remittances have steadily increased over the…

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WTO DG: Okonjo-Iweala advances to final round

Okonjo-Iweala fate of being the DG of WTO is known today

Race to World Trade Organization – Director-General, WTO DG enters final round and Okonjo-Iweala made it. World Trade Organization – members selected two final candidates — Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee — to advance to the final round in the race to lead the Geneva-based trade body, according to people familiar with the matter. By advancing two women to the final round of the selection process, the WTO will likely have the first female director-general in its 25-year history. Okonjo-Iweala served two stints as Nigeria’s finance minister…

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WTO DG: Okonjo-Iweala Knows Fate Today

Okonjo-Iweala fate of being the DG of WTO is known today

A former Nigeria’s minister of finance, Dr Ngozi Okonjo-Iweala, will on Tuesday know her fate in a bid to be the 7th director-general of the World Trade Organisation (WTO). Okonjo-Iweala scaled the first phase of the selection process. She is among the five candidates that were chosen from the eight candidates nominated by their respective governments in July. “My vision is of a WTO with purpose, where members coalesce around the capacity of trade to help foster economic growth and sustainable development,” she said in a statement to the Council.…

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COVID-19: US donates $2.1m to three Nigerian States

US covid-19 donation to Nigerian three states

The United States Government, through the U.S. Centers for Disease Control and Prevention (CDC), has donated $2.1 million to Nigeria to conduct a household survey to determine the extent of COVID-19 transmission in the states of Gombe, Enugu, and Nasarawa. A press release issued by the US Embassy in Nigeria on Friday announced the monetary support. The survey is designed to increase the current understanding of COVID-19 transmission and burden in these three states and inform COVID-19 response efforts of the Government of Nigeria and its partners. The release read…

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270 whales stranded on sandbar off Australia’s Tasmania

270 Some whales on the coast of Australian city

Marine biologists were planning the rescue of around 270 whales stranded on a sandbar off the remote west coast of the Australian island of Tasmania on Monday. Government scientists said it appeared that at least 25 of the animals, believed to be pilot whales, had already died. Pilot whales are a species of oceanic dolphin that grows 7 metres (23 ft) long and can weigh up to 3 tonnes. “While strandings are not uncommon in Tasmania, and while strandings of this scale aren’t (unprecedented), we certainly haven’t had one for…

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Nigeria gets a new World Bank country director

Shubham Chaudhuri, the Nigeria World bank Country director explaining key goals of the bank

Shubham Chaudhuri appointed as the World Bank country director for Nigeria. Chaudhuri joined the Nigeria office on Tuesday, succeeding Rachid Benmessaoud who completed his term as the country director. According to a statement by the World Bank, Chaudhuri, a US national who grew up in India, joined the organisation in 2004. And has held several leadership positions with his most recent position being a country director for Afghanistan. He was quoted to have said it was an honour to be in Nigeria to help government partners at the federal and…

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World’s last male northern white rhino dies as species faces extinction

https://sustainableng.wordpress.com/2018/03/20/worlds-last-male-northern-white-rhino-dies-as-species-faces-extinction@sustainableng.wordpress.com

The world’s last male northern white rhino, Sudan, has died after “age-related complications” in Kenya, conservationists looking after his care have announced. A statement from the Ol Pejeta Conservancy where Sudan lived said the 45-year-old rhino, who was suffering from muscle and bone deterioration and extensive skin wounds, was euthanised on Monday after his condition “worsened significantly”, leaving him unable to stand. The rhino had spent two weeks in late February and early March lying in his pen due to discomfort from a deep wound on his right hind leg. He had been part of an…

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