Tag Archives: World Bank

According to The Guardian, in the face of a housing deficit that numbers millions of units, Nigeria is working to tackle affordable housing shortage by improving access to credit and reducing development costs for low-income housing. Easing mortgage access In March the federal government announced it would waive an initial 10% payment on mortgages below N5m ($15,700) administered by the state-owned ...

“Federal Housing Estate allottees in Abia on Thursday, protested against an alleged re-sell of their plots of land at the ministry’s housing estate located at Amakama, near Umuahia, the state capital.”- The News The allottees, operating under the aegis of Federal Housing Allottees Association, gathered in their numbers at the World Bank Housing Estate, from where they marched to the ...

With a population of about 173 million people, Nigeria is the largest country in Africa and accounts for 47 percent of West Africa’s population. It is also the biggest oil exporter in Africa, with the largest natural gas reserves in the continent. The challenging process of implementing reforms was revitalized through a roadmap developed in 2010, which clearly outlines the ...

The Guardian reports that World Bank has issued a certificate of appreciation to a Nigerian lawyer, Olaseni Oyefeso, for his contribution to “Enabling the Business of Agriculture” 2017 World Bank project. Oyefeso was identified as an expert on Nigerian Law regarding environmental matters. He was contracted by the World Bank in February 2016 to render legal support on Nigerian laws ...

Vanguard reports that the World Bank, yesterday, expressed its resolve to partner with states that have keyed into the Nigeria Erosion and Watershed Management Project, NEWMAP, to protect the lives of Nigerians in erosion prone areas. According to Vanguard, the Senior Human Resource/Business Partner, Central and West Africa, in the World Bank, Mr Chude Ezinwa, made the disclosure during the ...

Nigeria is perhaps the fastest urbanizing country in the African continent. One of the most important challenges facing the country is the provision of affordable housing. In Nigeria, many people always wait with keen interest to listen to budget speech at the beginning of each year. This is for nothing sake, but to hear how much have been allocated to ...

The World Bank, as part of its commitment in addressing the menace of erosion in the Southeast, has effectively reclaimed erosion site covering more than 4,000 hectares of land in Obizi autonomous community in Ezinihitte Local Council of Imo State. According to The Guardian, the State Project Coordinator of the Nigeria Erosion and Watershed Management Project (NEWMAP), Victor Anuenyiagu, made ...

Four World Bank officials had been reportedly drowned at Egbe Dam in Egbe Ekiti, Gbonyin Local Government Area of Ekiti State.  Egbe Dam is the biggest of the six dams in the state. Mrs Folasade Akinrinmola, the chairman of the council and the state police command confirmed this development to newsmen on Thursday. Akinrinmola said that the incident which occurred on Wednesday’s ...

Do you know that the housing demand estimate in Lagos state is roughly 4.4 million units, the estimated current supply of housing in the state is 1,417,588 units, and the estimated gap between housing demand and supply for Lagos state is roughly 3 million units. With an annual population growth rate estimated at 6-8%, Lagos is considered the fastest growing ...

After visiting some communities that are plagued by erosion in Anambra state, World Bank has charged residents to adopt and imbibe as a way of life all the erosion control measures taught them by the group’s field officers and other partners agencies. World Bank’s Task Team Leader (TTL), Dr Amos Abu, who visited some areas on sensitization mission, noted that ...