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Minister of Youth Development, Dr. Jamila Bio-Ibrahim, has reiterated her ministry’s synergy with the World Bank with a view to making positive impacts on the Nigerian youths. The minister made …
FG partners World Bank on youth development, entrepreneurship Read More
Nigeria’s Gross Domestic Product (GDP) is expected to increase by 3.3 per cent and 3.7 per cent in 2024 and 2025 respectively, according to the World Bank forecast. The largest …
World Bank sees 3.3%, 3.7% growth for Nigerian economy in 2024, 2025 Read More
The World Bank says global growth in 2024 would slow to 2.4 per cent—the slowest half-decade of GDP growth in 30 years. In its latest Global Economic Prospects report, the …
Global growth slowed to 2.4 % in 2024 – World Bank Read More
The World Bank and its main affiliate, the International Monetary Fund (IMF), have developed an incurable habit of swallowing Panadol for someone else’s headache. Three weeks ago the bank did …
World Bank, Nigeria’s low tax to GDP ratio Read More
The World Bank has reported that approximately 99.9 per cent of Nigeria’s targeted poor and vulnerable households are yet to receive the Federal Government’s recently announced N25,000 per month cash …
NIN: 99.9% households yet to receive FG’s cash transfer – World Bank Read More
The Nigeria Labour Congress (NLC) has condemned the advice by the World Bank to the federal government to increase petrol prices to N750 per litre. The NLC president, Mr. Joe …
NLC condemns World Bank’s advice to Nigeria to increase petrol price to N750 per litre Read More
The World Bank has warned that poorest countries are at risk of debt crises due to the surge in global interest rates. The Bretton Woods Institution said amid the biggest …
Developing countries at risk of debt crises, World Bank warns Read More
World Bank Group has set aside the sum of $5 billion to provide electricity to about 100 million Africans by year 2030. The multilateral financial institution President Ajay Baanga said …
World Bank to provide electricity to 100m Africans with $5bn Read More
The national project coordinator of the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL), Abdulhamid Umar, has said 70, 000 people captured as beneficiaries in Niger state must produce their national identity …
World Bank: ACReSAL verifies Niger 70, 000 beneficiaries with national identity card Read More
Months after being appointed as the Minister of Finance, by president Bola Tinubu, Wale Edun, has been appointed by the World Bank to chair the African Governors’ Forum of the …
Breaking: Tinubu’s Minister bags World Bank’s appointment Read More
Nigeria is facing the challenge of an unutilized World Bank loan amounting to $8.25 billion as of July 2023. This information, according to the World Bank’s official Summary Statement of …
World Bank delays over $8bn loan disbursement to Nigeria Read MoreThe president of the World Bank, Ajay Banga, visited Nigeria to reaffirm support for the bank’s aspirations “for Nigerians to live with dignity in a prosperous and climate-resilient Africa”. In …
Why I want to visit Nigeria – World Bank President Read More
World Bank President, Ajay Banga is set to visit Nigeria. Ajay will begin a 3-day visit to Nigeria on Thursday. He is expected to meet with President Bola Tinubu and …
World Bank President to visit Nigeria Read More
The World Bank has finally joined the Babel of voices condemning the Central Bank of Nigeria (CBN) one-handed fight against inflation through relentless and ineffectual manipulation of its monetary policy …
World Bank on futility of MPR hikes by CBN Read More
Former Minister of Environment, Barr. Mohammed Hassan Abdullahi has officially flaggs-off the renovation of Ministry’s Conference Hall to give it a new look for hosting of various National/ International and …
World Bank to renovate ministry of environment hall Read More
President Muhammadu Buhari recently sent a request to the National Assembly to approve 800 million dollars loan meant to cushion effect of the proposed removal of fuel subsidy.The minister of …
Buhari’s $800m World Bank loan request, revenue generation and allied matters Read More
The World Bank has said Nigeria and some other countries endowed with natural resources are only getting 40 per cent of revenue from proceeds from minerals, oil and gas as …
Nigeria, others get 40% of natural resources revenue – World Bank Read More
The World Bank said Nigeria’s borrowings reached $14.34 billion as of March 31, 2023. This was an increase from the debt recorded by the Debt Management Office (DMO) as of …
Nigeria’s borrowings from W/Bank hit $14.34bn in Q1 2023 Read MoreThe World Bank has highlighted three major reforms that the incoming administration of Bola Tinubu needs to undertake if it is to address Nigeria’s economic challenges. In its April 2023 …
How Nigeria can address economic challenges –World Bank Read More
Populations across the globe are aging at an unprecedented pace, making many countries increasingly reliant on migration to realise their long-term growth potential, the World Bank has said. According to …
Better migration policies’ll boost prosperity globally – World Bank Read More
Or Heaping debt to debt to end fuel subsidy The issue of fuel subsidy removal continues to be a thorny one in Nigeria’s political discourse. With the federal government getting …
Subsidy removal: As controversy trail $800 grant.. Read More
At the rate of N185 per liter, Nigeria’s petrol pump price is the lowest in West Africa. In neighbouring Benin Republic, petrol price is N400.8 per liter. In Togo, the …
The World Bank petrol subsidy palliative Read More
Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth, …
Global uncertainties pulling back Nigeria’s growth – World Bank Read More
The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking inflation—is set to slump to a three-decade low by 2030. In a new report titled: …
Global economy to hit rock bottom by 2030 – Report Read More
With Africa’s share of the global workforce projected to become the largest in the world by 2100, it is critical for African countries to increase the uptake of digital technologies* …
Use of digital technologies’ll create jobs, boost growth in Africa – World Bank Read More