World Bank
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More Nigerians will fall into poverty by 2027 – World Bank
The World Bank’s latest Africa’s Pulse report has projects a grim future for Nigeria, with poverty expected to rise by 3.6 percentage points by 2027. Released during the IMF and…
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Nigeria will reduce external borrowing, Edun tells World Bank
The Federal Government has informed the World Bank of its desire to reduce Nigeria’s dependence on external debt financing This is part of a broader strategy to explore alternative funding…
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World Bank Releases $1.5bn To Nigeria After Subsidy Removal, Tax Bills
The World Bank has released a $1.5bn loan to Nigeria following the Federal Government’s implementation of a few of its economic reforms, including removing fuel subsidies and introducing tax policies.…
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Don’t Reverse Current Reforms, World Bank Tells FG
World Bank has urged the federal government not to reverse the ongoing economic reforms, warning that it may have negative implications for the country. Removal of fuel subsidy and abolishing…
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World Bank Reports a Seven Percent Reduction in Poverty in Nigeria
The World Bank has estimated that improved access to internet coverage over three years led to a seven per cent reduction in extreme poverty in Nigeria and Tanzania. This was…
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NLC Warns Government Against Accepting World Bank’s N750/Litre Fuel Price Proposal
The Nigeria Labour Congress, on Thursday, warned the Federal Government against heeding the advice of the World Bank to increase the pump price of Premium Motor Spirit popularly called petrol…
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Fire Guts World Bank Project Office In Yobe (Photos)
Fire engulfed the Damaturu coordination office of the Multi-Sectoral Crisis Recovery Project (MCRP), a World Bank-assisted program in Yobe State. According to eyewitnesses, the fire broke out at the office…
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World Bank Approves Another $700m Loan For Nigeria
Nigerian government has secured a fresh $700m Loan approved by World Bank. World Bank disclosed this in a statement published on its website on Friday, Sept. 22. The new loan…
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World Bank predicts global hunger
A report in the newsletter of the World Bank has stated that over one billion people are on the brink of hunger globally. The report states that Majority of the…
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