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Nigeria Receives $2.2 Billion from World Bank During Fiscal Year 2024 Under Tinubu’s Administration

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During the fiscal year 2024, which spans from July 2023 to June 2024, Nigeria has secured at least $2.2 billion in funding from the World Bank under President Bola Tinubu’s administration.

This amount is separate from any outstanding loans Nigeria owes to the World Bank’s International Bank for Reconstruction and Development (IBRD).

Notably, Nigeria’s IDA exposure has increased, surpassing India, and positioning the country among the top global IDA debtors.

As of June 30, 2024, the top ten IDA debtors account for 63% of IDA’s total exposure.


 

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Benue Governor Alia “State Prepared for Flood”

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Benue State Governor Hyacinth Alia has assured that the state is ready to handle any potential flooding from the release of water from Cameroon’s Lagdo Dam. After meeting with President Bola Tinubu, Alia stressed that while they hope the flood won’t happen, they are well-prepared. He noted that the state is focusing on prevention, such as river dredging, and is actively informing residents about flood risks.

The upcoming release of water from the dam has raised concerns, especially after recent severe floods in Borno State. Alia emphasized that his administration is taking proactive steps and is working with emergency teams to manage any challenges. He also defended the transparency of his local government nominations, encouraging candidates to accept the outcomes of the October 5 elections.


 

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NIHSA Warns of Imminent Flooding as Cameroon Releases Water from Lagdo Dam

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The Nigeria Hydrological Services Agency (NIHSA) has alerted Nigerians residing in flood-prone areas to relocate, following the release of water from Cameroon’s Lagdo Dam into River Niger and River Benue.

The release, which began on September 18, 2024, poses flood risks to 11 states, including Adamawa, Kogi, Benue, and Bayelsa.

NIHSA urges individuals to clear drainages and avoid floodplains. This comes days after severe flooding in Borno killed over 30 people.


 

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Israel Acknowledges Role in Escalating Conflict with Hezbollah Amid Deadly Attacks

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Israel admitted to initiating a “new era” of war after two consecutive days of explosive attacks targeting Hezbollah in Lebanon.

On Tuesday, pager explosions killed several, including children, and wounded over 2,800. A second wave on Wednesday, involving walkie-talkies and phones, killed at least 20 and injured 450.

One explosion occurred during a Hezbollah funeral, with reports suggesting Hezbollah’s elite Radwan unit was heavily impacted. Israel believes the death toll is higher than officially reported.


 

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