world bank – Shipping World News Magazine

Sep262024 by Asu BeksNo Comments

Oil and Gas logistics: AILES GROUP lays the benchmark By ASU BEKS

Recent reports from the World Bank indicate an unprecedented boom in the global logistics and freight market. It is projected that the current freight and logistics chain which will hit about $18.69 billion in 2026 will leap by 4.4 per cent to an all time high of $6.5 trillion in 2027. But how are the developing nations catching in on this boom? The 2023 Logistics Performance Index (LPI) which is the benchmarking tool for helping countries identify challenges and opportunities they face in their performance on trade and logistics and what they can do to improve their performance recently undertook a study of no fewer than 139 countries. The study was to appraise the speeds at which individual nations moved. But sadly, the result of the study did not offer any cheery news for develop...

Six Chinese companies operating and Constructing Railways Projects in Nigeria blacklisted by the World Bank over alleged corruption

Breaking News, Business

August 20, 2019 Six Chinese companies operating in Nigeria have incurred the wrath of the World Bank as they have been blacklisted over alleged fraud and corruption. A publication on the the website of the bank listed the companies as CCECC Nigeria Railway Company Limited, CRCC Petroleum and Gas Company Limited and CCECC Nigeria Company Limited. Others are China Railway Construction (International) Nigeria Company Limited, China Railway 18th Bureau Nigeria Engineering Company Limited and CCECC Nigeria Lekki (FTA) Company Limited. They are part of several companies blacklisted from different parts of the world by the procurement unit of the bank, in a publication titled ‘Procurement – World Bank Listing of Ineligible Firms and Individuals’. They were accused of violating the...

Buhari and the South

Opinion, Politics

By Dele Sobowale “You know, in my very first meeting with President Buhari, he said he would like us to shift our focus to the northern region of Nigeria and we have done that. Now, it has been very difficult. The work there has been very difficult.” Jim Yong Kim, World Bank President. If any more evidence is needed that President Buhari has deliberately embarked on running Nigeria’s democracy as “Government of the Northern Region, by the Northern Region and for the Northern Region”, the World Bank, WB, President has removed all doubt. The very use of the term “northern region” makes it very clear that the man millions of us in the Southern Region trusted, campaigned for and supported is after all a northern believer. President Mohammadu Buhari As one of those who trusted him su...