Tag: World bank

The World Bank has warned about the potential of food crises in seven Nigerian states, citing high levels of insecurity and armed conflict as major drivers. According to the bank’s ...

World Bank has predicted that persistent insecurity, armed conflict, and deteriorating livelihoods will keep affecting local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and Adamawa State until ...

The World Bank has stated that the Nigerian government may still be paying fuel subsidies as the country’s fuel price of N650 is currently not cost-reflective. The bank’s Lead Economist for Nigeria, ...

The Socio-Economic Rights and Accountability Project (SERAP) has urged World Bank to suspend issuance of loans to Nigeria’s 36 states over allegations of mismanaging public funds.  In the letter dated ...

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the federal government has approached the World Bank for a $1.5billion budget support loan.  Edun disclosed ...

World Bank has hinted that Nigeria could save up to 3.9 trillion naira ($5.10 billion) this year alone after its foreign exchange market reforms and the removal of a petrol ...

The Socio-Economic Rights and Accountability Project (SERAP) has urged the President of World Bank, Mr David Malpass, to suspend the disbursement of $800m loan to the Federal Government of Nigeria ...

The World Bank has disclosed that Nigeria used 96.3 per cent of its revenue generated in 2022 to service debt, adding that the constant fiscal deficit has aggravated the nation’s ...

The Nigerian government has secured $800 million (N368,288,000,000) from World Bank under the National Social Investment Programme as part of offset measures to mitigate the negative effects of the proposed ...

In a disturbing revelation that has gotten world leaders ruminating, the World Bank has slashed its 2023 growth forecasts to levels wobbling on the brink of recession for many countries ...