Nigeria’s external debt to the World Bank has increased by more than 120% under President Muhammadu Buhari’s administration, according to data released by the Debt Management...
The World Bank’s recently released Macro Poverty Outlook for Nigeria has highlighted the nation’s constant fiscal deficit as a major contributor to its public debt stock....
The Sub-Saharan African region has been hit hard by high inflation rates and currency depreciation, with several countries experiencing significant losses in the value of their...
The World Bank Group’s Board of Executive Directors has announced that Ajay Banga, a United States national, is the only nominee for the position of the...
The African Continental Free Trade Area (AfCFTA) has the potential to transform the African continent by connecting 54 countries with a combined population of 1.3 billion...
The World Bank has predicted that Nigeria’s fiscal position will drop further in 2023 as it highlighted high borrowing costs, lower energy prices, slow growth in...
Federal Government borrowed N6.31tn from the CBN through Ways and Means Advances in 10 months taking borrowings from N17.46tn
The government had already budgeted a sum of N3.36 trillion for subsidy for the first six months of 2023
The World Bank has Nigeria’s poor job creation habit could plunge additional 23 million people below the poverty line by 2030 while 80 million working Nigerian...
Despite the huge borrowing, the World Bank has rated Nigeria low on infrastructure. While asserting that the country’s infrastructural deficit would likely reach $3 trillion in...