World Bank

The World Bank Group has come out to urge Nigeria to reduce government’s borrowing from the Central Bank if it wants to decrease the inflationary pressure on the economy. World Bank’s Lead Economist for Nigeria, Alex Sienaert recently revealed this during an economic review session at the Lagos Business School, ...

The World Bank has come out to say that high borrowing costs, lower energy prices, slow growth in oil production and subdued oil-sector activity weaken Nigeria’s fiscal position. This was according to the latest Global Economic Prospects report by the World Bank, and Nigerians have been reacting. According to the ...

The World Bank has come out to describe the level and quality of infrastructure in Nigeria as low despite the Federal Government’s claim of borrowing to finance infrastructure. The bank recently had its say via a new report, and Nigerians have been reacting. According to World Bank, the level and ...

The decreasing value of the Nigerian naira and currencies of most developing economies are driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report. This was recently revealed ...

The World Bank has come out to say that remittance inflows to Nigeria declined by 28 per cent in 2020 because of COVID-19 pandemic. The bank recently revealed this via its Migration and Development Brief 33 Phase 11 entitled: “COVID-19 Crisis Through a Migration Lens.” According to the report, remittance ...

More than 11 million girls in Nigeria may not return to school when the coronavirus pandemic is over, World Bank has said. The apex bank recently revealed this via a statement, and Nigerians have been reacting. According to the bank, the pandemic can possibly end the gains made in the ...

Speaker, Rep. Femi Gbajabiamila has come out to beg international development partners on the Debt Cancellation Campaign Initiative (DCCI) under the umbrella of Conference of Speakers and Heads of African Parliaments (CoSAP). He recently revealed that foreign debt cancellation for African countries is very key amid the pandemic and it ...

Northern Nigeria is responsible for most of the poorest people in Nigeria, according to a World Bank report titled “Advancing social protection in a dynamic Nigeria.” The report was shared after a research conducted by the World Bank that spanned 2011-2016. According to World Bank, the country experiences large inequality ...

The World Bank has come out to say it will keep collaborating with the National Bureau of Statistics (NBS) to make statistics available to the Nigerian government to lift Nigerians out of poverty. Mr. Shubham Chaudhuri, World Bank Country Director, disclosed this at the launch of the report of the ...