Gaugris said the Bank was partnering the National Bureau of Statistics because of the importance of statistics to development and poverty reduction
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SEPIP, which is supported by the World Bank with $150 million, is expected to improve the quality of education and enhance equitable access and efficiency in education in the benefiting states
She said: “The World Bank Group, that is the World Bank and the International Finance Corporation, through the World Bank president, has made it known that they want Nigeria to be one of the focus countries in sub-Saharan Africa
Lagarde said that the shutdown would have negative consequences for the US economy and also very negative consequences outside of the US economy
The Power Investors Summit will provide a platform for international project sponsors and other interested parties to explore investment opportunities
“The Nigerian financial system has quickly grown and is becoming increasingly integrated into the regional and global financial systems,” said Marie Francoise Marie-Nelly, the World Bank Country Director for Nigeria. “Today’s project will further the country’s economic success, strengthen the nascent mortgage market and create much-needed jobs in construction, housing improvement, finance and other sectors throughout Nigeria
He also said that the project would target existing irrigation schemes that had not been functioning optimally, particularly those located in the North-West region of the country
I can tell you that based on the insistence of the Country Director of The World Bank, Akwa Ibom is one of the states expected to benefit from this
These commitments include a record $8.2 billion in zero-interest credits and grants from the International Development Association, the World Bank’s fund for the poorest countries
The World Bank Senior Operations Specialist and Task Team Leader of the project, Lucas Akapa, said at the opening ceremony of the 8th World Bank Project Implementation Mission to Kano State recently that CADP has recorded notable achievements, especially with regard to productivity, value-addition and marketed surplus
Announcing this in Washington, the United States of America on Monday, the Bank said the IDA credit of $100 million will fund the Nigeria Agriculture Sector Development Policy Operation, the first of two projects that will support the Government’s Agricultural Transformation Agenda
Oshiomhole said the state government is in partnership with the World Bank on the problem and that government has already set aside N500 million to address the menace
Ojoko stressed that the major target of the project was to ensure that youths were meaningfully engaged, in furtherance of the Federal Government’s amnesty programme in the Niger Delta region
Fritz said that the poor trend of World Bank projects programmes implementation had been observed around the country in the last 10 years
He said the World Bank was happy with the way the Cross River Government was handling the project under its Ministry of Environment and also acknowledged the devastating impact of erosion on lives
The medium-term strategy, he disclosed, was developed by the Ministry of Finance in conjunction with the Debt Management Office while the Central Bank of Nigeria developed a medium-term debt management strategy, with input from the National Bureau of Statistics, the World Bank and the International Monetary Fund
As part of its forecast for Nigeria, the NER also suggests that Nigeria will need to build up its fiscal reserve to protect the country from oil price volatility
World Bank Group President, Jim Yong Kim, who pushed this twin-pronged approach in his speech two weeks ago, welcomed the Committee’s support
“We have to fix sanitation if we want to end extreme poverty by 2030 and boost the incomes of the poorest 40 percent. From my background in health, I know well the magnitude of the problem. This is an absolutely critical intervention. The impact of inadequate sanitation lies at the core of so many barriers to prosperity faced by poor people – health, education, environment, wealth, equity, and dignity. The return on investment is high, especially for the poor,” Jim Yong Kim said
The report said in part: “Economic growth in Sub-Saharan Africa is likely to reach more than 5 per cent on average in 2013-2015 as a result of high commodity prices worldwide and strong consumer spending on the continent, ensuring that the region remains amongst the fastest growing in the world