LAGOS AUGUST 10TH (NEWSRANGERS)-The Socio-Economic Rights and Accountability Project, (SERAP) has sent a letter to the World Bank President, David Malpass, urging him to demand that the Nigerian government account for the spending of $114.28million grant for COVID-19. Malpass was also asked to put pressure on governors to accept voluntary scrutiny by Nigerians and civil…
LAGOS OCTOBER 5TH (NEWSRANGERS)-The Edo State Government has denied report credit to Andrew Edoigbe of accusing Edo State Governor, Mr Godwin Obaseki of unfair award of contract to companies. A statement by Crusoe Osagie, Special Adviser to Edo State Governor on Media and Communication Strategy stated, “Our attention has been drawn to the baseless…
LAGOS JUNE 25TH (NEWSRANGERS)-The collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, according to the latest World Bank Nigeria Development Update (NDU). The report, “Nigeria In Times of COVID-19: Laying Foundations for a Strong Recovery,” estimates that…
LAGOS JUNE 24TH (NEWSRANGERS)-World Bank has approved a $750 million International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply. The bank, in statement in Abuja on Wednesday, said that the target was to also achieve financial and fiscal sustainability and enhance accountability in Nigeria’s power sector. It explained…
LAGOS May 22nd (newsrangers)- The World Bank has got a proposal of 1.5 billion dollars to states as part economic stimulus to cushion the impact of the COVID-19 pandemic, says Minister of Finance, Zainab Ahmed. Ahmed briefed State House correspondents on Thursday after the virtual National Economic Council (NEC) meeting anchored from the Presidential Villa,…
LAGOS JUNE 29TH (NEWSRANGERS)-The World Bank has granted Nigeria a $2.1billion loan to be used exclusively for seven projects. The development bank in a statement Thursday said the projects cut across supporting Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency, polio eradication, women’s economic empowerment, public finance and national statistics and reducing vulnerability…
