04
OctThe Bank of Agriculture, BOA, asserts that it is diligently working to recover the N243 million loan extended to 150 Kwara debtors between 2011 and 2024. In an interview with the News Agency of Nigeria on Monday in Ilorin, BOA Ilorin Branch Manager Dele Aderibigbe revealed this information. According to him, the warehouse loan is classified as bad debt but is still being monitored for recovery. The BOA manager stated that the bank was already in discussions with telecommunications companies and other parties that could facilitate the tracing of debtors. “The loan is intended to be a revolving loan that […]
25
SepThe World Bank has approved a new $700 million loan for Nigeria to improve the education and empowerment of adolescent girls, according to a statement published on its website on Friday. The new loan will provide additional funding for the Adolescent Girls Initiative for Learning and Empowerment, which is an ongoing initiative.The statement read, “The World Bank has approved an additional $700 million for Nigeria to expand the Adolescent Girls Initiative for Learning and Empowerment programme, whose objective is to increase secondary education opportunities for girls in targeted states.”The additional funding will expand project activities from the current seven states[…]
06
SepThe President of the African Development Bank, Akinwunmi Adeshina, announced on Tuesday that the institution will provide $25 billion for climate finance by 2050. During the second day of the momentous African Climate Summit, this announcement was made at the Kenyatta International Convention Centre in Nairobi, Kenya. The African Climate Summit is a first-of-its-kind initiative in Africa, with a central emphasis on green growth and climate finance, intended to foster a prosperous, carbon-free future for the continent. One of the primary goals of the summit is to establish Africa’s priorities for the 28th annual conference of members of the United[…]