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December 15, 2020
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 oi...
December 15, 2020
The 36 states and the Federal Capital Territory generated a sum of N1.31 trillion as Internally generated revenue (IGR) in 2020. This was contained in the state IGR report, which was recently released by the National Bureau of Statistics (NBS). According to the report, the states’ IGR declined by 1.93% from N1.33 trillion, recorded in the previous year to N1.31 trillion in 2020. It however increased by 11.7% compared to N1.69 trillion recorded in 2018. The decline may be due to the effects of...
December 15, 2020
Views: Visits 55 The World Bank, in a statement on Tuesday, announced the approval of a $1.5bn loan for Nigeria, noting that the facility is a five-year Country Partnership Framework (CPF) that will last from 2021 to 2024. “This Country Partnership Framework will guide our engagement for the next 5 years in supporting the Government of Nigeria’s strategic priorities by taking a phased and adaptive approach,” World Bank Country Director for Nigeria, Shubham Chaudhuri said in the s...
December 15, 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 sh...
December 15, 2020
Views: 444 After threatening to withhold $1.5 billion until Nigeria carries out foreign exchange reforms to its satisfaction, the world Bank has finally approved the facility for Nigeria. While Nigeria is still working on its forex reforms, it appears the World Bank was moved to change its mind because “government revenues could fall by more than $15 billion this year, and the crisis will push an additional 5 million Nigerians into poverty in 2020.” In a statement issued on Tuesday, the Wor...
December 12, 2020
Hawaii Schools Food Services Administrator Steps Down - Honolulu Civil Beat Hawaii Schools Food Services Administrator Steps Down The head of the school food services branch oversees the handling and distribution of school meals and other programs statewide. Reading time: 2 minutes. The head of the School Food Services Branch at Hawaii’s Department of Education stepped down from his role last week, a DOE spokesman confirmed Thursday, adding he expects “no impacts“ to schools’ grab-and-...
October 7, 2012
Operations. well tell you about a sustainability program that some say is aimed at dismantling americas capitalist system. i was shocked. we found, we kept digging for months and months. we spent a lot of time putting this together. we invite people to tune in tonight. 9:00 eastern time. >> heather: it could be a new era for nasa. why a planned launch of an unmanned craft just hours from now may hold the key to a brand-new future for the u.s. space program. >> gregg: a case of apparent bullying ...