Business

JUST IN: World Bank Approves $1.57 Billion Loan For Nigeria

Published

6 months ago

September 30, 2024

The World Bank has accepted three additional loan proposals totaling $1.57 billion in finance for Nigeria.

According to a statement made on Monday, the clearance is intended to help the Federal Government improve human capital by improving the health of mothers, children, and adolescents.

It further stated that the approved projects would help improve resilience to the effects of climate change, such as floods and droughts, by increasing dam safety and irrigation.

The statement read, “The World Bank has today approved three operations for a total of $1.57bn to support the Government of Nigeria in strengthening human capital through better health for women, children and adolescents and building resilience to the effects of climate change such as floods and droughts through improving dam safety and irrigation.”

The international lender noted that the additional investment comprises $500 million to address governance concerns that impede education and health delivery, $570 million for the Primary Healthcare Provision Strengthening Programme, and $500 million for the Sustainable Power and Irrigation for Nigeria Project.

“The HOPE-GOV and HOPE-PHC programmes combined will support the Government of Nigeria to improve service delivery in the basic education and primary healthcare sectors which are critical towards improving Nigeria’s human capital outcomes.

“The SPIN project will support improvement of dams’ safety and management of water resources for hydropower and irrigation in selected areas of Nigeria.

“The HOPE-GOV Programme will support Nigeria to address underlying governance weaknesses in the systems and procedures of government in two key human development sectors,” it noted.

The approval, made on September 26, 2024, highlights the World Bank’s commitment to strengthening Nigeria’s human capital and building resilience in the face of climate threats.

Business

BBNaija Star Nengi Speaks on Motherhood

Published

7 days ago

March 18, 2025

Samson Adeyanju

By Jesusemen Oratokhai

Former Big Brother Naija housemate Nengi Hampson has shared her first public message since welcoming her daughter, Moon.

In a heartfelt post on March 16, 2025, Nengi revealed that she gave birth on February 21, describing motherhood as the most fulfilling experience of her life.

“I was made to be a mum… nothing has ever felt more right,” she wrote, embracing her new journey with joy.

Business

FIRS Pledges Stronger Tax Policy for West Africa

Published

7 days ago

March 18, 2025

Samson Adeyanju

By Adenike Lawal

The Federal Inland Revenue Service has reaffirmed its commitment to strengthening tax policy development across West Africa.

Speaking at the West Africa Tax Administration Forum in Abuja, Executive Chairman Dr. Zacch Adedeji stressed the need for better domestic resource mobilization to drive economic growth in the region.

He highlighted the role of effective communication in tax administration, emphasizing that clear messaging is key to building public trust and ensuring compliance.

Dr. Adedeji urged tax professionals to exchange ideas, adopt best practices, and collaborate on improving regional tax systems.

He noted that Nigeria has played a leading role in advancing tax cooperation across West Africa and will continue to support capacity-building initiatives.

Business

CTV Nigeria Debuts on GOtv

Published

2 weeks ago

March 13, 2025

Samson Adeyanju

By Emmanuel Ogbodo

Catholic Television, Nigeria (CTV), has officially launched on the GOtv platform, expanding its reach to millions of viewers across the country.

According to a communication from MultiChoice, the channel went live today, March 13, 2025, at 10 a.m. (WAT) on GOtv channel 115.

It is available on all GOtv packages, from GOtv Lite to GOtv Supa Plus.

This milestone marks a significant step in bringing faith-based content to a wider audience, providing Catholic programming, religious teachings, and wholesome entertainment to subscribers.

With this launch, Catholic TV Nigeria strengthens its presence in the digital space, offering spiritual nourishment to viewers seeking faith-inspired content.