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World Bank Okays $2.2bn Loan for Six Projects in Nigeria

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By Adedapo Adesanya

The World Bank has approved a loan of $2.2 billion for Nigeria for the completion of six development projects across the country.

The global lender said on Wednesday that the approved projects are to support Nigeria’s development priorities with special focus on improving immunisation and also providing an enabling business environment for the private sector, expanding the digital economy to promote job creation, increasing the capacity of public and private sector on governance, social and environmental measures as well rural development.

A statement signed by the Country Director, Mr Shubham Chaudhuri, on Wednesday, added that the projects are focused on delivering better services to Nigerian citizens.

“The projects focus squarely on delivering better services for Nigerians ensuring that children are immunized and sleep under mosquito nets, building better roads especially in rural areas, and providing Nigeria’s poorest citizens with a unique identification that will make social safety nets and services more effective,” he said.

These six projects include: Nigeria Digital Identification for Development Project which will support the National Identity Management Commission (NIMC) to increase the number of persons who have a national identification number (NIN) to 150 million in the next three years.

Also reserved is the Nigeria Rural Access and Agricultural Marketing Project, this is meant to upgrade rural roads and improve connectivity and access to local markets and agribusiness services in 13 states.

To strengthen health systems and improve immunization in the country, the World Bank with the Immunization Plus and Malaria Progress by Accelerating Coverage and Transforming (IMPACT) services are set to deliver effective primary health care.

The loan is expected to strengthen the skills of 50,000 Nigerian students and enhance the capacity of technical teachers through the Innovation Development and Effectiveness in the Acquisition of Skills Project.

Ogun State will also benefit through the Economic Transformation Project that help private sector investment in Ogun State by improving the business environment, strengthening the linkages between agricultural producers, suppliers and service providers.

The final project is the Sustainable Procurement, Environment and Social Standards Enhancement Project which is aimed at strengthening capacity in managing procurement, environmental and social standards in the public and private sectors.

The World Bank also disclosed that these projects have been financed with funds from the French Development Agency, the European Investment Bank, the International Development Association (IDA) and the Federal Government of Nigeria.

The new loan facility will push Nigeria’s total debt up even as the World Bank itself has expressed worries as its outstanding loans to Nigeria stood at $8.3 billion and with this new tranche, it will above $10 billion.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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FG Declares Wednesday, Thursday Public Holidays for 2026 Eid ul-Adha

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By Modupe Gbadeyanka

Wednesday, May 27 and Thursday, May 28, 2026, have been declared as public holidays for this year’s Eid al-Adha.

The Permanent Secretary in the Ministry of Interior, Ms Magdalene Ajani, in a statement on Monday, said the declaration affirms the federal government’s profound respect for the faith and spiritual heritage of millions of Nigerian Muslims who join the global Islamic community in observing this sacred occasion.

She said the Minister of Interior, Mr Olubunmi Tunji-Ojo, felicitates with all Muslim faithful in Nigeria and throughout the Diaspora for the celebration.

Eid al-Adha was described as a festival of deep spiritual significance, grounded in the values of sacrifice, obedience to God, and compassion for one’s fellow man.

He urged all Nigerians to use this period for prayer and sober reflection, asking for divine guidance for the country as it continues its pursuit of peace, security, and prosperity for every citizen.

“It is in the spirit of brotherhood, shared humanity, and national unity that the federal government wishes all Muslims a peaceful, blessed, and joyous celebration,” the statement concluded.

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New USCIS Policy: Banwo Law Offers Legal Support to Green Card Applicants

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By Modupe Gbadeyanka

An announcement by the administration of Mr Donald Trump on May 22 regarding Green Card applications has continued to ruffle feathers among immigrants.

In the new memo issued by the United States Citizenship and Immigration Services (USCIS), foreign nationals seeking to adjust their immigration status to permanent residence (Green Card) have been asked to apply through consular processing at a US embassy or consulate in their home country, rather than adjusting status while present in America.

Commenting on this latest stance, a foremost immigration attorney, Mr Ope Banwo, said this development could expose many Green Card applicants to severe re-entry penalties if not properly managed, stressing that this carries major legal implications for many immigrants already residing in America.

‎He noted that the policy may impact not only undocumented immigrants, but also individuals currently living legally in the United States on temporary visas such as H1B workers, F1 students, B1/B2 visitors, exchange visitors, and other non-immigrant visa categories.

‎‎“For years, Adjustment of Status allowed many immigrants to avoid the risks associated with departing the United States after overstaying visas,” Mr Banwo stated.

‎‎“The danger now is that some immigrants may unknowingly trigger automatic three-year or ten-year re-entry bans once they leave the U.S. for overseas visa processing,” he added.

‎Mr Banwo explained that many immigrants are unaware that unlawful presence accumulated in the United States can activate harsh immigration penalties immediately upon departure from the country, stating that marriage-based Green Card applicants, employment-based immigrants, temporary workers transitioning to residency, and visa overstays could all face serious complications under the evolving policy framework.

‎‎Despite the growing concerns, he urged immigrants not to panic, stressing that informed legal guidance remains the key to navigating the changing immigration landscape successfully.

‎‎He also cautioned against depending on social media speculation, “TikTok lawyers,” or unverified online immigration advice when making critical decisions.

‎According to him, Banwo Law, accessible through SpeakWithOpe.com, is already assisting potentially affected immigrants nationwide by reviewing immigration histories, assessing waiver eligibility, and developing strategic legal solutions tailored to individual situations.

‎The law firm is also helping clients determine whether they may still qualify for Adjustment of Status inside the United States and advising them on safer legal alternatives where necessary.

‎Mr Banwo stressed that immigrants should seek experienced legal counsel before travelling outside the United States or taking immigration steps that may affect their ability to return or obtain lawful permanent residency.

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SERAP Urges Finance Minister to Reveal Recipients of Abuja CCTV Funds

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By Adedapo Adesanya

The Socio-Economic Rights and Accountability Project (SERAP) has urged the Minister of Finance, Mr Taiwo Oyedele, to immediately disclose the identities of all entities that benefited from the payments under the National Public Security Communication System project in Abuja, commonly referred to as the $460 million Abuja CCTV Project.

The Federal Ministry of Finance, in response to SERAP’s contempt proceedings, had recently disclosed that: “Records from the Ministry of Police Affairs indicate that while local subcontractors may have been engaged, there is an absence of detailed subcontracting records identifying specific local companies that received funds directly from the Chinese loan.”

The Ministry made the disclosure in a letter dated May 15, 2026, signed by its Permanent Secretary, R. O. Omachi.

Responding, SERAP, in a letter dated May 23, 2026, signed by its deputy director, Mr Kolawole Oluwadare, said: “We are concerned that although the judgment was delivered in May 2023, the Ministry only released some information after we commenced contempt proceedings and served a Notice to Show Cause in January 2026.”

According to SERAP, “Nigerians still do not know exactly the names of local contractors for the project. The absence of this information raises serious concerns about record keeping, transparency and accountability, and whether the project was implemented in a manner consistent with the public interest.”

On May 15, 2023, the Federal High Court ordered the Ministry of Finance to disclose the total amount paid under the $460 million Abuja CCTV loan, the identities of local and Chinese contractors who received the funds, the status of the project’s implementation, and details relating to the N1.5 billion reportedly paid for the Code of Conduct Bureau headquarters project.

SERAP said, “The details provided amount to only partial compliance with Justice Emeka Nwite’s judgment. Key questions remain unanswered, and further clarification is needed to ensure full and effective compliance with the judgment.”

The organisation noted that while it appreciates the steps taken by the Ministry to provide some information concerning the Chinese loan drawdown, counterpart funding arrangements, and certain records on equipment deliveries connected with the project, there is still no explanation regarding the missing 6,035 items as part of the status of implementation of the project.

“It remains unclear whether the items were subsequently delivered, whether payment was made for them, whether the contractor defaulted, whether Nigeria suffered any financial loss, and whether any steps were taken to recover public funds.

“The Ministry lists items reportedly delivered in 2013. However, it has failed to clarify how many cameras were installed, if any; where they were installed; whether the cameras are currently operational; and whether the project delivered value for money.

“For a project financed through public borrowing—debt Nigerians continue to repay—full transparency over all beneficiaries, foreign and domestic, is essential. Nigerians have the right to know how public funds were spent, who received them, and what was delivered in return,” the group said.

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