Tag: world bank

  • World Bank ultra-modern abattoir to create 6,000 jobs in Ekiti

    World Bank ultra-modern abattoir to create 6,000 jobs in Ekiti

    The World Bank has said its ultra-modern abattoir in Ekiti state would generate 6,000 jobs and drive economic growth in the livestock and meat processing sector in the state.

    The Ekiti State Project Coordinator of World Bank’s Livestock Productivity and Resilience Support Project, Mr. Olayinka Adedipe, disclosed that the facility, when completed, would create 2,000 direct jobs and 4,000 indirect employment opportunities.

    Adedipe spoke in Ado-Ekiti, the state capital, during a community engagement and sensitisation programme themed, “Sustainable Abattoir Operations: A Pathway to Improve Meat Quality, Safety, Social Inclusion and Gender-Based Issues.”

    The L-PRES project Coordinator said that the abattoir was designed to modernise the livestock slaughter process, strengthen veterinary inspection, improve waste management, and enhance meat quality and food safety for consumers.

    He said that the sustainability of the ultra-modern abattoir depends on community ownership, strict compliance with the operational standards, and collective responsibility among all stakeholders in the livestock and meat value chain.

    Read Also: Experts call for stronger emergency newborn care in Nigeria

    He stressed that effective collaboration between government agencies, butchers, veterinary officers, environmental managers and host communities would be critical to maintaining hygiene, efficiency and long-term viability of the abattoir.

    The coordinator added that the project deliberately prioritises the inclusion of women and youths in abattoir operations and related services, in line with broader social inclusion and gender equity objectives of the state government.

    He noted that this approach would not only create employment opportunities for vulnerable groups but also promote skills development, entrepreneurship and economic empowerment within the sector.

    The Chairman of the Butchers and Meat Processors Association in Ado-Ekiti, Omotoso Oluborode, commended the state government for providing infrastructure that aligned with modern industry standards.

    He said the ultra-modern facility would significantly improve working conditions for operators, enhance professional dignity within the trade, reduce health risks associated with crude slaughter practices, and ultimately promote stable and increased income for those engaged in meat processing and distribution.

  • World Bank-backed abattoir to create 6,000 jobs in Ekiti

    World Bank-backed abattoir to create 6,000 jobs in Ekiti

    The World Bank has said its ultra-modern abattoir in Ekiti State will generate 6,000 jobs and boost economic growth in the livestock and meat processing sector.

    The state Project Coordinator of the World Bank’s Livestock Productivity and Resilience Support (L-PRES) Project, Mr. Olayinka Adedipe, said the facility would create 2,000 direct jobs and 4,000 indirect employment opportunities when completed.

    Adedipe disclosed this in Ado-Ekiti during a community engagement and sensitisation programme themed, “Sustainable Abattoir Operations: A Pathway to Improve Meat Quality, Safety, Social Inclusion and Gender-Based Issues.”

    He said the abattoir is designed to modernise livestock slaughter processes, strengthen veterinary inspection, improve waste management, and enhance meat quality and food safety for consumers.

    Adedipe added that the sustainability of the facility would depend on community ownership, strict compliance with operational standards, and collective responsibility among stakeholders in the livestock and meat value chain.

    Read Also: Nigeria, World Bank strengthen partnership to boost economy

    He stressed that effective collaboration between government agencies, butchers, veterinary officers, environmental managers and host communities would be critical to maintaining hygiene, efficiency and long-term viability of the abattoir.

    The coordinator added that the project deliberately prioritises the inclusion of women and youths in abattoir operations and related services, in line with broader social inclusion and gender equity objectives of the state government. 

    He noted that this approach would not only create employment opportunities for vulnerable groups but also promote skills development, entrepreneurship and economic empowerment within the sector.

    The Chairman of the Butchers and Meat Processors Association in Ado-Ekiti, Omotoso Oluborode, commended the state government for providing infrastructure that aligned with modern industry standards. 

    He said the ultra-modern facility would significantly improve working conditions for operators, enhance professional dignity within the trade, reduce health risks associated with crude slaughter practices and ultimately promote stable and increased income for those engaged in meat processing and distribution.

  • Nigeria, World Bank strengthen partnership to boost economy

    Nigeria, World Bank strengthen partnership to boost economy

    The World Bank has agreed to provide enhanced supports to speed up Nigeria’s economic reforms to attract large-scale investment and open up more job opportunities for the country’s fast-growing population.

    At a high-level discussions in Abuja between Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and Managing Director, Operations, World Bank Group, Ms. Anna Bjerde, the World Bank said it would provide enhanced supports for ongoing initiatives to deepen Nigeria’s reform agenda to ensure more visible positive impacts on the daily lives of Nigerians.

    Both sides agreed that sustained cooperation between Nigeria and the World Bank would be crucial in ensuring that reforms translate into lasting economic gains and improved living standards for citizens.

    Bjerde said the World Bank would continue backing investment-driven growth strategy, with strong attention on infrastructure delivery and greater involvement of the private sector.

    She said: “Our support will remain focused on helping Nigeria turn its plans into tangible outcomes, especially in infrastructure and private sector-led growth,” Ms. Bjerde said.

    READ ALSO: President rallies relief materials to affected Kwara communities

    She expressed satisfaction with the direction of Nigeria’s economic reforms and praised the government for its clear sense of purpose.

    According to her, international markets and development partners are paying closer attention to Nigeria, as confidence in the reform agenda continues to build.

    She said: “The clarity of direction we are seeing is encouraging, and it is contributing to growing interest from investors and partners”.

    Edun told the World Bank delegation that recent policy steps taken by the administration are beginning to yield positive momentum across key sectors of the economy.

    He said the government is firmly focused on growth, investment and employment creation as central pillars of its economic strategy.

    “Our priority is to create an environment where investment can flow, businesses can grow and Nigerians can find meaningful work.

    “The reforms underway are designed to unlock productivity and place the economy on a more sustainable path,” Edun said.

    A statement issued yesterday by the Ministry of Finance outlined that key areas discussed during the meeting, which involved officials from both sides, included improving access to stable electricity supply, boosting agricultural productivity, speeding up the rollout of digital infrastructure and making trade easier across borders.

     The discussions pointed to Nigeria’s shift from making reforms to delivering real results, with both sides committed to building a stronger economy that provides jobs, stability and shared prosperity for Nigerians.

    The meeting also restated the federal government’s economic path under President Bola Ahmed Tinubu, with officials noting that confidence in Nigeria’s reform programme is gaining ground among global investors and development partners.

    The country expressed its ambition to deepen changes in the power and energy sectors while positioning itself as a major economic hub in West Africa.

    Officials pointed to Abuja’s status as the host city of the Economic Community of West African States (ECOWAS) as part of Nigeria’s broader role in driving regional integration, trade and economic cooperation.

  • Nigeria, World Bank push for jobs, growth

    Nigeria, World Bank push for jobs, growth

    Nigeria and the World Bank have reached an agreement to speed up economic reforms, attract large-scale investment, and open up more job opportunities for the country’s fast-growing population.

    The agreement followed high-level discussions held this week in Abuja between the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Managing Director of Operations at the World Bank Group, Ms. Anna Bjerde, along with senior government and World Bank officials.

    According to a statement issued by the Ministry of Finance on Thursday, the talks focused on moving Nigeria’s reform agenda beyond policy changes to visible outcomes that improve the daily lives of citizens.

    “The discussions point to Nigeria’s shift from making reforms to delivering real results, with both sides committed to building a stronger economy that provides jobs, stability, and shared prosperity for Nigerians,” the ministry said.

    The meeting also restated the federal government’s economic path under President Bola Ahmed Tinubu, with officials noting that confidence in Nigeria’s reform programme is gaining ground among global investors and development partners.

    Mr. Edun told the World Bank delegation that recent policy steps taken by the administration are beginning to yield positive momentum across key sectors of the economy. He said the government is firmly focused on growth, investment, and employment creation as central pillars of its economic strategy.

    “Our priority is to create an environment where investment can flow, businesses can grow, and Nigerians can find meaningful work,” the minister said. “The reforms underway are designed to unlock productivity and place the economy on a more sustainable path.”

    Key areas discussed during the talks included improving access to a stable electricity supply, boosting agricultural productivity, speeding up the rollout of digital infrastructure, and making trade easier across borders. The government also stressed the importance of creating the right conditions for private sector investment, which it sees as critical to building a competitive and productive economy.

    The ministry noted that progress in these areas would help reduce production costs, improve food security, and strengthen Nigeria’s position in regional and global markets.

    Nigeria’s ongoing energy reforms also featured prominently in the discussions. The country expressed its ambition to deepen changes in the power and energy sectors while positioning itself as a major economic hub in West Africa.

    Officials pointed to Abuja’s status as the host city of the Economic Community of West African States (ECOWAS) as part of Nigeria’s broader role in driving regional integration, trade and economic cooperation.

    Ms. Bjerde, on her part, expressed satisfaction with the direction of Nigeria’s economic reforms and praised the government for its clear sense of purpose. She said international markets and development partners are paying closer attention to Nigeria, as confidence in the reform agenda continues to build.

    “The clarity of direction we are seeing is encouraging, and it is contributing to growing interest from investors and partners,” she said.

    The World Bank executive also assured Nigeria of the institution’s continued backing for an investment-driven growth strategy, with strong attention on infrastructure delivery and greater involvement of the private sector.

    “Our support will remain focused on helping Nigeria turn its plans into tangible outcomes, especially in infrastructure and private sector-led growth,” Ms. Bjerde said.

    The engagement comes at a time when the federal government is pushing to stabilise the economy, attract foreign and domestic investment and create jobs for millions of young Nigerians entering the labour market.

    Both sides agreed that sustained cooperation between Nigeria and the World Bank would be crucial in ensuring that reforms translate into lasting economic gains and improved living standards for citizens.

  • World Bank-funded $500 million meters to be given free, says BPE

    World Bank-funded $500 million meters to be given free, says BPE

    • Urges customers to beware of extortion

    The Bureau of Public Enterprises (BPE) Director-General, Dr. Ayodeji Gbeleyi yesterday said the meters provided under the $500 million World Bank funded Distribution Recovery Program (DISREP) are free.

    He also noted that the installation of the meters is free of charge as well, warning customers to resist of any electricity Distribution Companies (DisCos) compelling them to pay for them.

    According to him, the Federal Government has provided the meters to eliminate estimated billings from the Nigerian Electricity Supply Industry (NESI).

    He spoke in Abuja alongside others industry stakeholders at the media briefing on DISREP supply.

    Asked whether the meters were truly free, he requested the Nigerian Electricity Regulatory Commission (NERC), Chairman, Dr. Musliu Oseni to respond.

    The NERC boss said: “The government has taken responsibility to borrow money and provided these meters and said DisCos ‘I don’t want you to charge my people for these meters. Go and distribute these meters freely.’

    “These meters are to be deployed and installed freely. Anybody asking you to bring money, kindly report to the utility because most of the time, the extortion is between the installers or staff of the DisCos and the customers. This is not inclusive of the management.”

    The DISREP Investment Project Financing is a $250million facility that supports DisCos by financing the bulk procurement of 3.2milliion smart customer and retail level meters.

    The other component of DISREP is programme for result, which is also $250milion facility.

    According to Gbeleyi, 182,000 meters are already installed under the DISREP, which he stressed are for all.

    The BPE boss stressed that the meters are for customers who have no meters, however the government has granted DisCos request to allow them deploy 20 per cent of the meters for replacement of faulty or expiring meters.

    Read Also: NELFUND boosts enrolment, cushions cost burden for Zamfara varsity students – ex-VC

    Speaking again, Oseni explained that although customers pay for meters that operators provide them, the government has already absorbed the DISREP meters cost through the Word Bank facility.

    He said: “Every investment made by the GenCos and DisCos is paid for by the customers as far as it is provided by the operators. But the Federal Government is taking responsibility of the DISREP to procure these meters.

    On the payment of subsidy, he said some reforms are underway as states fully take over electricity market.

    “There will be some reforms that will happen when the states take over subsidy regulations,” said Oseni.

    Describing any call for payment for procurement or installation of DISREP meters as extortion, he urged the customers to report any demand for such payment to the commission.

    According to him, timeline for tariff rate is dependent on the government to decide.

    Meanwhile, the Transmission Company of Nigeria (TCN) Managing Director, Engr. Abdulaziz Sule, who recalled that the metering gap in the industry used to be 10 million meters, noted that it has reduced to 5 million metering gap.

    He revealed that the government has met 75 per cent of the DISREP requirements.

    The TCN boss said 30 per cent of the meters have already arrived Nigeria.

    Similarly, the Nigerian Electricity Management Service Agency (NEMSA), Acting Managing Director, Dr. Peter Asuben revealed that as at December 2025, the agency had tested 576,208 meters and also tested 18,716 in January 2026.

    The Minister of Power, Chief Adebayo Adelabu, who was represented by Dr. Adedayo Olowoniyi said the DISREP was introduced to strengthen the downstream sector – distribution of electricity.

    He vowed that this administration will bridge the metering gap in the industry.

    “During this administration, the metering gap will be closed,” the minister said.

    The Abuja DisCos Managing Director, Okwuokenye Chijioke said the firm has embraced the DISREP.

    He said the extortionists are not staff of the AEDC even as the firm has embarked on sensitization on the DISREP.

    EKO DisCos Managing Director, Wola Joseph Condotti noted that the firm does not charge for the meters, however, there are a couple of bed eggs in the system.

    Ibadan DisCo, Kaduna DisCo, Yola DisCo and others were present in the event.

  • Accelerate support for Nigeria’s reforms, Tinubu urges World Bank, vows ‘no looking back’

    Accelerate support for Nigeria’s reforms, Tinubu urges World Bank, vows ‘no looking back’

    …seeks stronger partnership to scale agriculture, infrastructure, job creation

    …World Bank hails Nigeria’s reform resolve, aligns support with $1tn GDP ambition

    President Bola Ahmed Tinubu on Tuesday pressed the World Bank to deepen and fast-track its partnership with Nigeria, declaring that his administration is firmly committed to sustaining its economic reforms and will not reverse course despite the initial pains of adjustment.

    The President made the call at the State House, Abuja, while receiving a high-level World Bank delegation led by its Managing Director of Operations, Anna Bjerde. 

    Tinubu said Nigeria had already crossed the most difficult phase of reform implementation and was determined to stay the course in the interest of long-term stability and prosperity.

    “I give you the assurance that since we’ve gone into this tunnel of reform, we have our hands on the plough and we’re never going to look back. Initially it was painful and difficult, but those who win are not the ones who give up along the way in difficult times”, the President said.

    He described Nigeria as the heart of the African continent, stressing that the scale of the country’s population and resources made reform not just desirable but inevitable. 

    According to him, strengthening the economy requires deliberate focus on Nigeria’s youthful population, its vast arable land and the need to modernise agriculture through mechanisation and improved inputs.

    Tinubu outlined ongoing efforts by his administration to establish zonal mechanisation centres across the country to support farmers, expand access to improved seedlings, and leverage rising petrochemical output to boost local fertiliser availability. 

    These measures, he said, were aimed at improving yields and transitioning farmers from subsistence production to large-scale cooperatives capable of creating jobs and generating wealth.

    “How do we help the farmers convert the local market for fertilisers to improve their yields and move them from ordinary small-scale holders to huge cooperatives that can bring opportunities to Nigerians?” the President asked, urging the World Bank to identify areas where it could support seed development, mechanisation and agricultural value chains.

    Reaffirming his administration’s reform philosophy, Tinubu stressed that transparency, accountability and market-driven policies would remain central pillars of governance. 

    He said difficult decisions taken on fuel subsidy removal and exchange-rate unification were necessary sacrifices for long-term gains.

    “It’s difficult for a leader to look the other way in a corrupt environment where subsidy regimes or multiple exchange rates can offer quick gains. We gave that up so that the world and the country can benefit from a stable currency”, he said.

    The President acknowledged that inflation initially rose following the reforms but noted that it had since eased significantly, while the naira had stabilised. 

    He added that improved macroeconomic conditions were already enhancing investor confidence and easing the process of doing business in and out of the country.

    Tinubu called on the World Bank to explore innovative financing models, reduce bureaucratic bottlenecks, help de-risk private investment and support skills development. 

    “How can you accelerate growth in your partnership with us is very important to me,” he said, adding that Nigeria was open to expanded engagement at any time.

    In her remarks, Bjerde commended the Nigerian government for what she described as steady, disciplined and courageous reform leadership over the past two years. 

    She said Nigeria had become a frequent reference point in her discussions with presidents, policymakers and investors around the world.

    “The results that have been achieved are really commendable,” she said, praising Tinubu’s consistent communication to Nigerians and the international community on the necessity of reforms. 

    “Even when reform implementation is difficult, there has been no turning back, and that has given confidence and clarity”, she said.

    Bjerde noted that Nigeria’s reform journey, which began about two years ago, was now delivering visible results acknowledged by the private sector and international partners alike. 

    She said the World Bank’s forthcoming Country Partnership Framework would be firmly anchored on Nigeria’s own development vision, including the ambition to grow the economy to $1 trillion and achieve annual growth of about seven per cent.

    She identified job creation as the central priority for the partnership, stressing that Africa’s rapidly growing and youthful population made employment generation critical. 

    According to her, infrastructure investment, agricultural transformation, access to finance for small and medium-sized enterprises, and human development would form the backbone of the World Bank’s engagement.

    Bjerde disclosed that the World Bank’s public sector portfolio in Nigeria currently stood at about $17 billion, while private sector investments through the International Finance Corporation had expanded to roughly $5 billion annually. 

    She added that the Multilateral Investment Guarantee Agency was also increasing its presence in Nigeria, with plans to expand risk-reduction guarantees and insurance schemes to attract more private capital.

    She further revealed that the World Bank was preparing a new budget-support operation for Nigeria, building on earlier instruments that had been revived to align the Bank’s financing directly with the government’s reform agenda. 

    Read Also: AfDB okays $3.9m to electrify homesin Nigeria, others

    Earlier, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the meeting came as Nigeria and the World Bank were finalising the Country Partnership Framework for 2026–2032. 

    He described the engagement as a reflection of a shared commitment to deepening a partnership that had evolved into a collaborative agenda for structural transformation and sustainable growth.

    Edun said Nigeria’s far-reaching and internationally recognised reforms under the Renewed Hope Agenda had repositioned the economy for long-term resilience, with progress already acknowledged by rating agencies and global investors. 

    He said the new framework would prioritise large-scale infrastructure, transport, power, agriculture, human capital development and digitalisation.

    According to him, Nigeria was transitioning away from heavy reliance on sovereign borrowing towards mobilising large-scale private sector investment, with government playing a catalytic role in de-risking projects. 

    He said the World Bank remained a trusted partner expected to scale guarantees, blended finance and risk-sharing instruments to unlock billions of dollars in global investment.

    Edun said the presence of the high-level World Bank delegation was a strong signal of confidence in Tinubu’s leadership and reform direction, adding that the focus going forward was to sustain the momentum and entrench credible, long-term growth.

  • Ogun, World Bank invest N5billion in women empowerment

    Ogun, World Bank invest N5billion in women empowerment

    The Ogun State Government and the World Bank Group have jointly invested over N5 billion in women-focused empowerment and livelihood initiatives over the past six years, Governor Dapo Abiodun has disclosed.

    The governor spoke while receiving a delegation from the World Bank Group, led by its Vice President, Ms. Galina Vincelette, at his office in Abeokuta.

    He said the investment was deployed through the World Bank–supported Nigeria for Women Project (NFWP) and the state’s domesticated empowerment scheme, Oko’Owo Dapo, which was established after the success of the initial programme.

    According to him, the Nigeria for Women Project, implemented through Women Affinity Groups (WAGs), has significantly transformed the socio-economic lives of women across the state.

    Read Also:World Bank partnership poised to transform Nigeria’s road sector – Umahi

    “The programme has deepened financial inclusion, strengthened social cohesion, and equipped women with leadership and basic accounting skills.

    “About N3 billion was disbursed under the World Bank-supported initiative, while the Ogun State Government complemented it with another N2 billion. In total, roughly N5 billion has been invested in this impactful livelihood programme,” Abiodun said.

    He added that the state government subsequently launched Oko’Owo Dapo to sustain and expand the gains of the initiative, noting that the programme has so far empowered about 55,000 women across the state.

    Abiodun also highlighted the achievements of OGCARES — the Ogun State COVID-19 Action Recovery and Economic Stimulus Programme — describing it as a critical intervention that strengthened household resilience and supported food system recovery during and after the pandemic.

    On the Ogun State Economic Transformation Project (OGSTEP), the governor said the programme has recorded measurable progress in skills acquisition, agricultural productivity, and land administration reforms.

    “We have significantly increased the speed of issuing Certificates of Occupancy. Under the Rural Access and Agricultural Marketing Project (RAAMP), which focuses on connecting farms to markets, we are currently upgrading about 209 kilometres of rural roads. Improved rural access reduces transportation costs and enhances agricultural productivity,” he stated.

    The governor further said the state would soon commission its Electricity Distribution Company, as part of deliberate efforts to improve power supply and stimulate industrial growth.

    He said the state is pursuing multiple Independent Power Projects (IPPs) and has already established the Ogun State Electricity Board, following recent constitutional amendments empowering states to generate, transmit, and distribute electricity.

    “Power remains the biggest enabler of economic activities. We are working with strategic partners to generate and distribute electricity within the state.

    “We are also on the verge of constructing mini-grids across Ogun State to meet our growing energy needs,” Abiodun said.

    Speaking earlier, the World Bank Group Vice President, Ms. Galina Vincelette, reaffirmed the institution’s commitment to supporting Ogun State and Nigeria in addressing key development challenges.

    She said the bank would continue to promote public-private solutions, particularly in the electricity sector, while strengthening investments in human capital development.

    Also speaking, the World Bank Country Director for Nigeria, Mr. Matthew Verghis, disclosed that the Bank is preparing a new Country Partnership Framework for Nigeria, with strong emphasis on job creation.

    “Creating jobs is the most sustainable way to reduce poverty and raise incomes. Our existing programmes, including the Nigeria for Women Project, will continue.

    “Nigeria currently has a $17 billion World Bank portfolio, one of the largest globally, and our support remains strong,” Verghis said.

  • World Bank partnership poised to transform Nigeria’s road sector – Umahi

    World Bank partnership poised to transform Nigeria’s road sector – Umahi

    Nigeria’s road sector stands to gain significantly from renewed collaboration with the World Bank as the Federal Ministry of Works intensifies efforts to close infrastructure gaps, improve road quality, and unlock sustainable financing for critical projects, the Minister of Works, David Umahi, has said.

    Umahi said the partnership was imperative, noting that efficient road networks are vital to trade, mobility, job creation and social development, and that infrastructure remains the backbone of any globally competitive economy.

    He stated this on Friday in Abuja while receiving a high-level World Bank delegation for a strategic engagement aimed at strengthening Nigeria’s road infrastructure and boosting national economic competitiveness.

    He explained that the partnership with the World Bank offers Nigeria access to international expertise, modern financing models, and accountability frameworks that can accelerate the delivery of durable road projects.

    According to a statement by Clement Ezeora, Deputy Director of Press and Public Relations at the Ministry, Umahi outlined the Federal Government’s “Build, Update and Maintain” strategy, under which the government constructs roads while the private sector maintains them. 

    The model, he said, ensures sustainability, reduces long-term costs, and improves service delivery.

    Umahi noted that rising construction costs have made infrastructure financing more challenging, regardless, he explained that the adoption of reinforced concrete pavement, which lasts far longer than asphalt, is already helping Nigeria reduce recurring repair costs.

    He listed priority projects that stand to benefit from enhanced World Bank support, including the East–West Road, Enugu–Onitsha Road, Kano–Jigawa–Maiduguri corridor, and the Lagos–Ibadan Expressway.

    The Minister disclosed that the Ministry inherited over 260 weak road links and 50 dilapidated bridges, prompting President Bola Tinubu to approve ₦20 billion for urgent interventions. 

    While he stressed that additional funding is required to complete major ongoing projects, the Minister formally requested World Bank financing for strategic roads, to be repaid through tolling systems, ensuring sustainability.

    Read Also: Tinubu has ended Southeast’s roads nightmare, says Umahi

    In his remarks, World Bank Country Director, Matthew Verghis, described roads as Nigeria’s most critical infrastructure asset, while Franz Drees-Gross noted that improved roads would drive job creation and poverty reduction

    Verghis further noted that the World Bank can only fund contracts that comply with World Bank procurement standards, stressing the importance of transparency, accountability, and due process in project execution.

    He highlighted the Bank’s interest in State road funds, maintenance agencies, flood control, and private-sector investment.

    Both parties pledged to strengthen collaboration to deliver resilient, inclusive, and sustainable road infrastructure nationwide.

  • World Bank trains 300 butchers, meat sellers on hygiene

    World Bank trains 300 butchers, meat sellers on hygiene

    world Bank–assisted Livestock Productivity and Resilience Support Project has begun a six-day training for 300 butchers, meat sellers and processors in Ondo State, to improve hygiene standards and curb illegal slaughtering practice.

    The training, organised with Ministry of Agriculture and Forestry and Sailance International, is holding in Akure.

    Speaking at the opening of the workshop, Commissioner for Agriculture, Forestry and Natural Resources, Leye Akinola, said the programme targets value-chain actors in animal husbandry to ensure operations at abattoirs meet international standards.

    Akinola said the training would promote hygienic meat processing and prevent transmission of animal-borne diseases to humans.

    “This programme is an opportunity to educate those rearing and slaughtering animals meant for human consumption. It goes beyond boosting production to addressing public health concerns,” he said.

    He lamented that “anthrax” and other “zoonotic” infections pose threats to humans when hygiene standards are compromised.

    “So, we are training them on safe hygiene so the meat we consume is healthy. Health is wealth, and that is why governments, with support from the bank, are committed to this programme,” Akinola added.

    He urged participants to take the training seriously and apply the knowledge gained, noting that improved hygiene would enhance productivity and attract more customers.

    The commissioner also said the state was would establish a traceability system to monitor animals from entry to slaughter, ensuring only those that meet standards are processed for consumption.

    National Project Coordinator, Sanusi Abubakar, said the training aligns with international safety requirements and will unlock opportunities for our meat in markets abroad.

    Abubakar, represented by the project’s Livestock Value Chain Consultant, Mrs Heather-Ronke Akanni, stressed that meeting global standards in production, processing and packaging was crucial for accessing international markets.

    She noted that the workshop was aimed at adding value to existing practices, improving technique, and opening new market opportunities for butchers and processors.

    “We want to upscale what they are doing so it can meet international standards. This is not only for local consumption but also for export,” she said.

    Read Also: 24 Nigerian varsities make 2026 global subject rankings

    The Ondo State Project Coordinator of L-PRES, Mr Olufemi Adeogun, said the training was part of deliberate efforts to improve hygiene across the meat value chain and would be replicated in the Northern and Southern Senatorial Districts of the state.

    According to him, poor hygiene practices among meat handlers pose serious risks to public health.

    “If something is wrong with what we eat, it will affect our health. That is why participants are expected to apply what they have learnt here in their workplaces,” Adeogun said.

    The Lead Consultant and Resource Person, Mr Rotimi Olaoluwa of Sailance International, trained participants on Good Hygiene Practices, Good Manufacturing Practices and Hazard Analysis and Critical Control Points.

    He emphasised personal hygiene, safe water use, proper cleaning methods, pest control, waste disposal, and regular health screening, noting that contaminated environments directly affect meat safety.

    Earlier, the Chairman of the Nigerian Union of Butchers, Ondo State chapter, Alhaji Sikiru Ayinde, commended the initiative and urged butchers and slaughterhouse operators to comply strictly with environmental and health regulations.

    Ayinde, however, said adherence to approved standards would protect public health, improve the image of the butchers’ profession, and boost public confidence in meat sold across the state.

  • 2026 World Bank outlook: NESG puts Nigeria’s growth at 9.9 percent

    2026 World Bank outlook: NESG puts Nigeria’s growth at 9.9 percent

    Nigeria’s economic outlook for 2026 is something to cheer about if the projections by the World Bank and the Nigerian Economic Summit Group (NESG) are anything to go by.

    According to the 2026 ‘Global Economic Prospects’ report by the World Bank released recently, the Bretton Wood institution projected Nigeria’s economic growth rate for 2026 to 4.4 percent from the 3.7 percent forecasted in June 2025.

    The global financial institution also upgraded Nigeria’s economic growth rate for 2027 to 4.4 percent from 3.8 percent.

    In addition, the bank estimated that Nigeria’s economy grew by 4.2 percent in 2025, compared to the 3.6 percent forecasted in June last year.

    Also, the World Bank increased its 2026 global economic growth rate projection from 2.4 percent to 2.6 percent.

    In the report, the financial institution also estimated a 2.7 percent economic growth rate for the 2026 period compared to the 2.3 percent orecasted in June last year.

    According to the report, the 2027 global economic growth rate is projected at 2.7 percent, compared to the 2.6 percent forecasted in June 2025.

    The World Bank said the global economy is proving more resilient than anticipated despite persistent trade tensions and policy uncertainty.

    Read Also: Tinubu laying strong foundation for long-term prosperity – Information Minister

    However, the bank noted that while global growth remains stable, it is concentrated in advanced economies and is unlikely to reduce extreme poverty, with the 2020s on track to be the weakest decade since the 1960s.

    “The resilience reflects better-than-expected growth — especially in the United States, which accounts for about two-thirds of the upward revision to the forecast in 2026,” the World Bank said.

    The institution said global growth will slow in 2026 as trade-related boosts fade, but easing financial conditions and fiscal expansion are expected to cushion the impact.

    It added that inflation is projected to edge down to 2.6 percent in 2026, with growth picking up in 2027 as trade and policy uncertainty ease.

    Indermit Gill, the World Bank Group’s chief economist, said with each passing year, the global economy has become less capable of generating growth while appearing more resilient to policy uncertainty.

    “But economic dynamism and resilience cannot diverge for long without fracturing public finance and credit markets,” Gill said.

    “Over the coming years, the world economy is set to grow slower than it did in the troubled 1990s — while carrying record levels of public and private debt.

    “To avert stagnation and joblessness, governments in emerging and advanced economies must aggressively liberalise private investment and trade, rein in public consumption, and invest in new technologies and education.”

    The World Bank said sub-Saharan Africa’s growth is expected to rise to 4.3 percent in 2026 and 4.5 percent in 2027.

    In 2026, the institution said growth in developing economies is projected to slow to 4 percent from 4.2 percent in 2025 before edging up to 4.1 percent in 2027 as trade tensions ease, commodity prices stabilise, financial conditions improve, and investment flows strengthen.

    The bank noted that growth is projected to be higher in low-income countries, averaging 5.6 percent over 2026–2027, supported by stronger domestic demand, recovering exports, and moderating inflation.

    The World Bank said developing economies will continue to lag behind advanced economies, with per capita income growth projected at 3 percent in 2026, widening the income gap.

    “At this pace, per capita income in developing economies is expected to be only 12% of the level in advanced economies,” the institution said.

    Ayhan Kose, the World Bank Group’s director of the Prospects Group, said with public debt in emerging and developing economies at its highest level in more than half a century, restoring fiscal credibility has become urgent.

    “Well-designed fiscal rules can help governments stabilise debt, rebuild policy buffers, and respond more effectively to shocks,” Kose said.

    “But rules alone are not enough: credibility, enforcement, and political commitment ultimately determine whether fiscal rules deliver stability and growth.”

    Also the NESG has declared that the country has exited its period of acute economic crisis, forecasting a 5.5% GDP growth rate for 2026.

    The announcement was made on Thursday during the launch of the group’s 2026 Macroeconomic Outlook report, titled “Consolidating Economic Stabilisation Gains: Pathway to Sustainable Growth in Nigeria.”

    NESG also projected foreign reserves to rise to $52 billion, but cautioned that the next 18 months will be critical in preventing policy reversals.

    NESG Chairman, Niyi Yusuf, acknowledged that Nigeria had undergone one of its most disruptive adjustment periods in recent history.

    He described recent reforms as painful but necessary, noting they marked the stabilisation phase of economic recovery.

    “Stabilisation alone does not equate to prosperity,” Yusuf said, stressing that growth remains modest, uneven, and concentrated in a few sectors with limited impact on jobs and household incomes.

    He urged policymakers to consolidate reform gains and transition toward sustainable, inclusive growth.

    Meanwhile, the Chief Economist Dr. Olusegun Omisakin outlined projections for 2026 showed GDP growth: 5.5%, with inflation: 16% (with a target of single digits by 2029).

    He warned that Nigeria faces a “critical 18-month window” to consolidate reforms, citing examples from Ghana and Brazil where economies regressed after failing to sustain momentum. Without consistent implementation, growth could slip back to 2–3%.

    Omisakin emphasised the need to shift focus from the services sector, which currently contributes 60% of GDP, to more productive areas such as agriculture and manufacturing.

    He argued that linking manufacturing with agriculture could deliver 6–8% growth in the sector.

    The NESG urged both government and private sector stakeholders to remain committed to reforms.

    Omisakin concluded: “Nigeria has turned the corner. Now we must sustain the momentum.”