World Bank

Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has demanded that the Federal Government account for existing borrowings before proceeding with its proposed $1.5 billion World Bank loan.

The fresh borrowing comes after the Debt Management Office reported that Nigeria’s public debt increased by N14.39tn, or 9.44 percent, from N152.40tn in June 2025 to N166.79tn at the end of June 2026.

Young Nigerian developers can now enter a World Bank Group competition seeking AI tools designed for people with basic devices and unreliable internet access.

World Bank Group President, Ajay Banga, announced the appointment in a statement issued on Wednesday, September 16, 2026, bringing one of the world’s leading development economists into the institution’s senior leadership.

The framework comes as Nigeria continues to face a major electricity access deficit, unreliable supply and a liquidity crisis that has constrained investment across the sector.

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...