The report was released on Monday at the World Bank/International Monetary Fund Annual Meetings in Washington.
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The bank said the fund is meant to provide upfront financing for safe and effective COVID-19 vaccine acquisition.
Aso Vakporaye, Chairman, Federal CARES Technical Committee, made this known in a statement on Tuesday in Abuja.
Are loans taken by the All Progressives Congress-led Federal Government of President Buhari unsustainable?
Buhari, in a letter to the Senate on Tuesday, also asked National Assembly to approve grant components of $125 million
Hotspots of internal climate migration could emerge as early as 2030 and continue to spread and intensify by 2050
He maintained that the governor neither influenced the contractors nor tried to influence the contract, stating that Makinde should actually be commended for always insisting on value for Oyo State’s money.
World Bank Senior Education Specialist Dr. Tunde Adekola commended the government for the initiative and its commitment of more than 25% UNESCO budgetary funding to education, adding however that it must invest in technology, training and retraining of teachers, create a regime of incentives for good performance, and involve communities in its drive to transform education in the state.
The reports said that the socio-economic challenges facing Nigerians in the last 10 years, according to the multilateral institution, have led to an astronomical increase in the number of citizens seeking asylum and refugee status in other countries.
The project, which is being executed under the Transforming Irrigation Management in Nigeria scheme, is supported by the World Bank
The World Bank commended Bello in a letter of appreciation by its Regional Director, Shubham Chaudhuri.
In a boost to the African Union’s target to vaccinate 60 per cent of the continent’s population by 2022, the World Bank and the AU announced that they are partnering to support the Africa Vaccine Acquisition Task Team initiative with resources to allow countries to purchase and deploy vaccines for up to 400 million people across Africa.
This was disclosed at the presentation of Nigeria’s Development Report for the first six months of 2021 by the World Bank in Abuja
This was disclosed at the presentation of Nigeria’s Development Report for the first six months of 2021, in Abuja, the bank said over 11 million more Nigerians are also expected to lose their jobs.
It made the announcement in a statement on its website in Washington D.C. on Thursday.
The Bank also said remittance flows fell for Sub-Saharan Africa by 12.5 per cent, according to its Migration and Development Brief 33 Phase 11, entitled: “COVID-19 Crisis Through a Migration Lens,” published on Thursday.
The report, which is titled: “Migration and Development Brief,” released in Washington D.C. on Wednesday, provides updates on global trends in migration and remittances.
A statement released by the Special Adviser to the President on Infrastructure, Ahmad Zakari, stated that it was unclear what empirical evidence the bank deployed to arrive at the figures.
Bagudu disclosed this at the fifth Kebbi State Women Ramadan Lecture Series held in Birnin Kebbi, the state capital, on Saturday.
Oyeyemi made the request during the World Bank annual brief on Road Safety improvement in Nigeria.