The Bank was responding SERAP’s letter dated April 28 2017, seeking clarifications on its role in the spending of recovered funds stolen by General Sani Abacha.
Browsing: World Bank Group
The World Bank said this in a statement signed by the Director of Information, Federal Ministry of Finance,
A new report by the World Bank Group finds that most states across Nigeria continue to implement regulatory business reforms with Cross River, Ekiti, Niger, Ogun, and Rivers making the biggest strides.
A World Bank Group analysis of the Ebola epidemic released Wednesday finds that if the virus continues to surge in the three worst affected countries – Guinea, Liberia, and Sierra Leone – its economic impact could grow eight-fold, dealing a potentially catastrophic blow to the already fragile states.
Making the announcement on the second day of the 1st US-Africa Summit, World Bank Group President, Dr. Jim Yong Kim, said the new financial commitment was urgently needed to generate more electricity for the people of Africa, 600 million of whom have no access to electricity, despite the fact that Africa possesses some of the world’s largest hydropower, geothermal, wind and solar potential, as well as significant oil and natural gas reserves
World Bank partial risk guarantees approved include up to US$245 million for the 459-megawatt Azura Edo power plant near Benin City, Edo State; and up to US$150 million for the 533-MW Qua Iboe plant in Ibeno, Akwa Ibom State