World Bank

Fuel subsidy a threat to Nigeria’s survival – World Bank

The World Bank has raised the alarm that Nigeria is facing an existential threat should it continue to pay trillions…

2 years ago

Nigeria, three others top World Bank debtors’ list

Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal…

2 years ago

700,000 Ukrainian students displaced, 2,000 schools destroyed in Russian/Ukrainian war — World Bank

… says $9bn needed to rebuild schools Almost 700,000 students and over 25,000 educators have been displaced since the outbreak of…

2 years ago

Surge in food prices ‘ll hinder poverty alleviation progress in Nigeria, World Bank warns

THE World Bank has warned that the rising prices of food items will reverse the progress of poverty alleviation in…

3 years ago

Inflation: Adjust Policies to Boost Supply, World Bank Tells Nigeria, Others

The President of the World Bank Group,  David Malpass has lamented the impact of rising food and energy costs across…

3 years ago

World Bank warns Nigeria about rising fuel subsidy

...says it could pose debts sustainability problem Nigeria’s increasing fuel subsidy could pose debt sustainability issue for the country, the…

3 years ago

Kill subsidy, cut CBN loans, raise ‘sin’ taxes… 7 things World Bank wants Buhari to do in 2022

The World Bank on Tuesday released its November 2021 Nigeria Development Update, which showed — among other things — that…

3 years ago

World Bank blacklists 17 Nigerians, firms over corrupt practices

The World Bank has disqualified nine Nigerian individuals and firms from executing any contract with it for engaging in corrupt,…

3 years ago

W/Bank: Higher inflation ahead as oil price hits $86/barrel

The World Bank Group says a higher global inflation rate is ahead, noting the current oil price rise may continue…

3 years ago

FG’s $5bn loan requests for projects in 15 states – Presidency

The Presidency has clarified that the the Federal Government’s latest external loan requests are for a total of 15 projects…

3 years ago