Nigeria Going through Its Worst Unemployment Crisis, Says World Bank
Nigeria is currently going through one of its worst unemployment crises in recent times, a new report by the World Bank has stated. The multilateral institution also noted that the
World Bank Lists Measures for Nigeria to Boost Non-oil Revenue
The World Bank on Thursday reiterated its call for both state and the federal governments in Nigeria to adopt policies that would increase non-oil revenue. In a presentation Thursday during
Rising Prices Pushed Seven Million Nigerians Below Poverty Line: World Bank
The World Bank has stated that inflationary pressure in Nigeria has pushed about seven million Nigerians below the poverty line in 2020 alone. The World Bank gave the data in
Seven Million Nigerians Pushed Below Poverty Line in 2020, World Bank
About seven million Nigerians have been pushed below the poverty line in 2020 due to the rapid rise in prices of commodities. The international financial institution said food prices accounted
World Bank Raises Nigeria’s GDP Growth Forecast to 1.8%
The World Bank has increased Nigeria’s Gross Domestic Product (GDP) growth projection for 2021 to 1.8 per cent, higher than the 1.1 per cent it had estimated for the country
World Bank to Help Nigeria Lift 100 Million Out of Poverty
The President of the World Bank Group, Mr. David Malpass, on Wednesday said the multilateral institution is focused on supporting the federal government’s bid to lift 100 million Nigerians out
World Bank Revises Sub-Saharan Africa’s Growth Forecast to 3.4%
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, in its latest Africa’s
Nigeria Owes IMF, World Bank, Others $31.98bn
Nigeria’s bilateral and multilateral debts stood at $31.98 billion as of September 2020, according to the latest figures released by the Debt Management Office (DMO). The outstanding debts are not
World Bank: Global Economy to Expand by 4% in 2021, Vaccine Deployment and Investments Key to Growth
The global economy is poised to expand by 4% this year, according to the World Bank, exceeding the 2.9% pace recorded in 2019, before Covid-19 pushed worldwide output into a
