Tag Archives: World Bank

On 2018 budget, the Edo State Government has revealed that it is partnering with the World Bank on its Medium-Term Expenditure Framework (MTEF) and Medium Term Sector Strategy (MTSS), for efficient allocation of resources and engender inclusive growth . Mr. Joseph Eboigbe, Special Adviser to the governor on Budget, disclosed this in a chat with journalists in Benin City, noting ...

The World Bank this week produced their annual Doing Business report. It doesn’t tell you where to invest, but it does tell you exactly how easy or hard it might be and which hurdles (or lack of) you can expect to find when you get there. Ranking each country and their progress over time is an intriguing academic exercise, but does it tell investors ...

“With Nigerian cities becoming new homes to rural migrants every day, many of who are without a roof over their heads, experts have questioned the 17 million estimated housing deficit in the country.”- The Guardian The figure which has been in circulation since 2012 is attributed to the World Bank and the National Bureau of Statistics (NBS). Nigeria is expected ...

This Day reports that the Federal Mortgage Bank of Nigeria (FMBN) has expressed its displeasure over the creation of parallel housing finance programmes by the World Bank, saying it will  lead to duplication of efforts on the part of government and other stakeholders. The Managing Director, FMBN,   Ahmed Dangiwa expressed concern while receiving World Bank team in his office in Abuja recently, ...

This article attempts to examine the problem and challenges of public housing delivery in Nigeria. It highlights the nature and dimension of Nigeria’s housing problems. Housing is one of the three basic needs of mankind and it is the most important for the physical survival of man after the provision of food. Adequate housing contributes to the attainment of physical ...

“A scheme aimed at inspiring  the younger generation of Nigerians to key into mortgage process, immediately after  they begin work or business, has been initiated. The scheme will also give fresh hope to more Nigerians for housing.”- The Nation This is coming with the commencement of the Federal Government’s housing initiative tagged: ‘My Own Home.’ The scheme is an offshoot ...

“Worried by huge figures of housing deficit facing the country, the World Bank and International Development Association, IDA, has set aside $300 million to fast-track provision of  accommodation for the teeming Nigerian population.” –Vanguard The fund, which is to be channelled towards pursuing aggressive development of housing sector in Nigeria, is being facilitated by the Nigeria Housing Finance Programme, NHFP. ...

“Determined to tackle the menace of erosion, Kogi authorities have launched the Nigeria Erosion and Watershed Project (NEWMAP) in the State.”- The Guardian With several houses already swallowed up by erosion and hundreds of lives lost while properties worth billions went down the drain on account of the menace, the government backed the World Bank’s driven project with N100 million ...

According to Vanguard, the Federal Government has said its plan to provide cheap housing for Nigerians is not a gimmick as the programme takes off in Ogun and Nasarawa states. Presidency spokesman, Laolu Akande said the affordable housing programme targeting low income earners is part of the N1trillion Family Home Fund, initiated by the Buhari administration. The Nigerian government is ...

“Hopes of affordable housing brightened at the weekend as the Minister of Finance, Mrs Kemi Adeosun met with international finance Institutions at the World Bank Spring Meetings to fine-tune arrangements on how Nigerians can enjoy affordable housing.”- The Sun Speaking at a forum, Adeosun said: “Delivering affordable housing is critical to the delivery of our reform agenda and it is ...