World Bank

The World Bank has identified five macroeconomic policy missteps taken by Nigeria between 2015 and 2023 that pushed Nigeria’s economy down to its knees, thus escalating inflation to a 28-year high. The World Bank in…

The World Bank said the Nigerian government is weak in the area of reducing cost of governance, suggesting a four pronged approach to the issue, while at the same time providing succour to Nigerians. The Bank's policy…

The Bola Tinubu administration has been warned not to risk sending Nigeria down the slope by reversing the ongoing economic reforms despite the hardship biting the citizens. The World Bank gave the warning through its…

The Federal Government of Nigeria has taken a significant step towards addressing critical infrastructure needs, requesting a $500 million loan from the World Bank to improve dam safety and enhance water resource management across the…

The Minister of Power, Adebayo Adelabu, has said that the World Bank and the African Development Bank have concluded plans to invest $30bn in boosting electricity in Africa. Adelabu, who stated this during a visit to…

The World Bank has warned that the Central Bank of Nigeria's (CBN) monetary policy tightening may not have limited impact on curbing inflation. In its global economic prospects report released on Wednesday, the…

The Federal Government has approved a $750 million World Bank funding for the construction of 1,200 mini-grids in rural communities across Nigeria. Managing Director/Chief Executive Officer of the…

In pursuit of securing a new $750 million loan from the World Bank, the Federal Government may reintroduce previously suspended telecom tax and other fiscal measures. This is according to the Stakeholder Engagement Plan for Nigeria –…

The Federal Government is set to receive around $2.2 billion single-digit interest loan from the World Bank. Minister of Finance, Mr. Wale Edun stated this, on Saturday, during a press briefing at…

Nigeria set to receive fresh $2.2bn World Bank loan – Edun The Federal Government is set to receive around $2.2 billion single-digit interest loan from the World bank and another budget support facility from the…