World Bank

July 2 (THEWILL) — Akwa Ibom State has received a $6.2 million performance-based reward from the World Bank-assisted State Action on Business Enabling Reform (SABER) Programme for its outstanding performance in transparency, budget management and good governance under the...

July 1 (THEWILL) — The World Bank will gradually phase out lending to China by 2031, marking a significant shift in its relationship with the world's second-largest economy as Beijing's economic development reduces its need for financial support. According to...

June 23 (THEWILL) — Nigeria remained one of the world's largest gas-flaring nations in 2025, ranking among nine countries responsible for 83 percent of global gas flaring, according to the World Bank's latest Global Gas Flaring Tracker Report. The report,...

May 26 (THEWILL) — The Federal Government has cancelled $717.7 million in undisbursed funding under the World Bank-backed Power Sector Recovery Performance-Based Operation (PSRO), dealing a major blow to Nigeria’s efforts to restore stability and financial sustainability in the...

May 12, (THEWILL) — The Federal Government is in talks with the World Bank over a fresh $1.25 billion loan facility aimed at boosting access to finance, digital services, electricity, and supporting reforms in tax administration, trade, and...

April 19, (THEWILL) — The Federal Government has dismissed claims suggesting diversion or “hidden spending” of federation revenue, insisting that recent media interpretations of the latest Nigeria Development Update by the World Bank are inaccurate and misrepresent the country’s...

April 15, (THEWILL) — The World Bank Group has launched a major global initiative to improve water security for one billion people by 2030, as part of a coordinated effort to strengthen water systems, support economic productivity and expand...

April 13, (THEWILL) — Nigeria has intensified efforts to strengthen its economic reform agenda and attract global investment, as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, leads the country’s delegation to the 2026 International...

April 11, (THEWILL) — The World Bank has commended the management of the Dangote Group for the foresight it demonstrated in investing in the 650,000-barrels-per-day refinery, which has protected Nigeria against global energy deficiencies from ongoing unrest in the...

April 10, (THEWILL) — Nigeria’s poverty rate rose to 63 percent in 2025, despite a noticeable slowdown in inflation, underscoring the limited impact of macroeconomic improvements on household welfare, according to the World Bank. The figures were published in the...