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 executes 741 projects with Zamfara gov’t

ZAmfara map showing the covering of 741 projects

The Zamfara Agency for Community and Social Development (CSDP) said yesterday that it executed in 11 years, about 741 projects in the state. Specifically, these projects are in 262 communities across the 14 local government areas of the state. The General Manager of the agency Garba Muhammad, disclosed this to newsmen in Gusau. He said the projects worth N2 billion and their execution occurred under the World Bank intervention. Muhammad said that group-based societies also benefitted from the projects executed between 2009 and 2020. He said the projects cut across…

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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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Nigeria Economic Sustainability Plan

The document attached here is the full version of the Nigeria Economic Sustainability Plan. Additionally, the development of the plan hinges on to cushion the negative effects of COVID-19 outbreak. Furthermore, the implementation of the plan will last for 12 months. Proactively, this document strategically addresses the most vulnerable individuals and businesses in the Nigerian economy. Realistically, the state of the Nigerian economy is not good before the outbreak of the pandemic. Therefore, the Federal government swiftly came up with plan in order to minimise the effects of COVID-19 on…

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Nigeria Economic Sustainability Plan: An overview

Image analyzing Nigeria Economic Sustainability Plan principles

This post highlights the Nigeria Economic Sustainability Plan, NESP designed to cushion the adverse effects of COVID-19. Instructively, The Economic Sustainability Committee, ESC developed the Nigeria Economic Sustainability Plan. Chaired by Vice President Yemi Osinbajo, the ESC comprised several Cabinet Ministers as well as the Group Managing Director of the NNPC and the Governor of the Central Bank of Nigeria (CBN). Terms of Reference Economic Sustainability Committee include: Development of a Plan that responds robustly and appropriately to the challenges posed by the COVID-19 pandemic; Identification of fiscal measures to…

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‘We spent N31bn COVID-19 Donations, FG replies groups

boss mustafa briefing press on covid-19 donation

Of the N36.3 billion received in public funds and Covid-19 donations to response federal government has said it spent N30.5 billion between April 1 and July 31. That leaves a balance of N5.9 billion. The disclosure is the outcome of a Freedom of Information request passed on the accountant-general of the federation, Ahmed Idris. The request asked for details of spending on Covid-19 response. Socio-Economic Rights and Accountability Project (SERAP) and Connected Development (CODE) sent a FOI request. Both have replied Idris on September 4, noting the presidential task force…

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Nigeria is polio free, WHO declares

Members of African Regional Certification Commission for polio eradication

The World Health Organisation on Thurday declared Nigeria free of polio virus. The organisation on its Twitter handle said the devastating disease was at the moment endemic in only two countries, thereby bringing the world one major step closer to achieving the goal of ending polio for good. Nigeria was said to have received the status after completing documentation which was accepted by the African Regional Certification Commission for polio eradication. The Director-General of WHO, Dr Margaret Chan, said, “The outstanding commitment and efforts that got Nigeria off the endemic…

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World Bank Grant: FG disburses N43.42b to 24 states

President Buhari and EU delegates on covid-19

The Federal Government, FG disburses the sum of N43.42 billion (USD120.6 million) as performance-based grants to 24 eligible States on the basis of the results achieved in 2018 under the performance-based grant component of the World Bank-Assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme-for-Results, which is wholly-financed with a loan amount of USD750 million from the International Development Association (IDA), a member of the World Bank Group. This was contained in a press release by the Ministry of Finance, Budget & National Planning signed by Mr Hassan Dodo, Director,…

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A brief on Earth Day and Nigeria

A deserted image of southern Nigeria

Every April 22nd marks Earth day. It is a day for calling on world leaders and individuals to act on improving the earth’s health. This year’s event is the fiftieth and it happens in a time of global health pandemic. Earth Day in Nigeria should be day citizens and government alike use in renewing commitment to a healthy environment. A look at the origin of Earth Day advocacy shows high significance to Nigeria. In 1970, some angry environmentalists in the United States staged a protest against oil spills in California.…

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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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