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World Bank hails Kogi s 2020 audited financial statement

Kogi: World Bank commended us for transparency in audited financial statement

Nigeria: World Bank Approves $1 5bn for States Social Protection, Covid-19 Response

Nigeria: World Bank Approves $1.5bn for States Social Protection, Covid-19 Response 15 December 2020 By Obinna Chima The World Bank Group has approved a $1.5 billion package to help build a resilient recovery post-COVID-19 for state-level intervention in Nigeria. In addition, the multilateral institution discussed a new five-year Country Partnership Framework (CPF) from 2021 to 2024 for Nigeria. The $1.5 billion was part of a $3 billion loan request the federal government had been pushing for. A statement from the bank reiterated that Nigeria was at a critical juncture, adding that with the sharp fall in oil prices as a result of COVID-19, the economy was projected to contract by over four per cent in 2020. This, it anticipated would plunge the country into its deepest recession since the 1980s.

World Bank Group to Boost Nigeria s Efforts to Reduce Poverty

Date Time World Bank Group to Boost Nigeria’s Efforts to Reduce Poverty New Country Partnership Framework discussed and $1.5 billion approved for social protection and strengthened state-level COVID-19 response WASHINGTON, December 15, 2020 – The World Bank Group (WBG) discussed a new five-year Country Partnership Framework (CPF) from 2021 to 2024 and approved a $1.5-billion package to help build a resilient recovery post-COVID19. Nigeria is at a critical juncture. With the sharp fall in oil prices as a result of COVID-19, the economy is projected to contract by over 4% in 2020, plunging the country into its deepest recession since the 1980s. Government revenues could fall by more than 15 billion dollars this year, and the crisis will push an additional 5 million Nigerians into poverty in 2020.

W Bank Approves $1 5bn for States Social Protection, COVID-19 Response

By Obinna Chima The World Bank Group has approved a $1.5 billion package to help build a resilient recovery post-COVID-19 for state-level intervention in Nigeria. In addition, the multilateral institution discussed a new five-year Country Partnership Framework (CPF) from 2021 to 2024 for Nigeria. The $1.5 billion was part of a $3 billion loan request the federal government had been pushing for. A statement from the bank reiterated that Nigeria was at a critical juncture, adding that with the sharp fall in oil prices as a result of COVID-19, the economy was projected to contract by over four per cent in 2020. This, it anticipated would plunge the country into its deepest recession since the 1980s.

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