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Nigeria and the World Bank. The World Bank is an institution that was established in 1944 and since 1958 has provided Nigeria with low interest rate loans and grants through the International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD). [1] As of 2018, it consists of 189 member countries.
The Sustainable Development Goals aim to reduce neglected tropical diseases, AIDS, hepatitis, water-borne diseases and other communicable diseases. The Nigeria Economic Recovery and Growth Plan was launched to align the SDGs with a target of 2030. Among the goals is to reduce the maternal mortality ratio to 70/100,000 live births.
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. [5] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA ...
In March 2020, he launched a $500,000 fund to tackle COVID-19 testing challenges faced in Nigeria, 54gene opened the fund by donating $150,000 within 24 hours, he had secured an additional of $350,000 from partners, including Union Bank. Since April 2020, 54gene started launching mobile laboratories in Nigeria. The mobile labs were fully kitted ...
Deforestation in Nigeria refers to the extensive and rapid clearing of forests within the borders of Nigeria. This environmental issue has significant impacts on both local and global scales. Deforestation estimates in Nigeria stand at 163 Kha/year, with 12% of tree cover lost between 2001 and 2022. [1]
In 1989 the World Bank also declared Nigeria poor enough to be eligible (along with countries such as Bangladesh, Ethiopia, Chad, and Mali) for concessional aid from an affiliate, the International Development Association (IDA). Another relevant feature of the Nigerian economy was an abrupt change in the government's share of expenditures.
The World Bank Institute is the capacity building branch of the World Bank. It provides learning programs, policy advice and technical assistance to policy makers, government and non-government agencies, and development practitioners of developing countries. Capacity for Development is defined by the WBI as "the ability of individuals ...
The escalation of climate variability in Nigeria has led to heightened and irregular rainfall patterns, exacerbating land degradation and resulting in more severe floods and erosion. As one of the top ten most vulnerable countries to the effects of climate change, Nigeria has experienced a worsening of these environmental challenges.