The Federal Government of Nigeria is spending $1.5bn (N568.5bn at N379/$ exchange rate) annually to fund electricity tariff shortfalls, the World Bank has said. According to...
The World Bank has revised its growth forecast for Sub-Saharan Africa (SSA) from -5.1 per cent to 3.4 per cent growth for 2021. The Washington-based institution,...
World Bank To Rebuild Aba Roads With N27B The World Bank has released N27 billion for rebuilding road infrastructure in Aba, the economic hub of Abia...
20 Million Nigerians to Join the Poverty Rank by 2022 – World Bank Except Nigeria implement key reforms to fast track economic recovery and achieve sustainable...
Nigeria’s Economy to Rebound in 2021, World Bank Predicts 1.1 Percent Growth Rate The World Bank has said Africa’s largest economy Nigeria will grow by 1.1...
World Bank Approves $1.5 Billion New Facility for Nigeria The World Bank has approved a $1.5 billion loan request submitted by the Federal Government of Nigeria...
The World Bank has said more Nigerians are expected to fall below poverty line by 2022 due to the negative impacts of COVID-19 on Africa’s largest...
The Finance Minister, Budget and National Planning, Mrs. Zainab Ahmed, on Friday said the Federal Government has met all the conditions for a fresh loan of...
The World Bank has raised concern about Nigeria’s rising debt service cost, saying it could incapacitate the nation from necessary infrastructure development and growth. The multilateral...
World Bank Strengthens Nigerian Response to COVID-19 The World Bank has once again approved another $114.28 million financing for Nigeria to improve its COVID-19 response time...