World Bank

The World bank in its latest Global Economic Prospects report projects that Nigeria’s economy is expected to grow by 2.5 per cent in 2022 and by another 0.3 per cent next year. “In Nigeria, growth is projected to strengthen somewhat to…

World Bank Group President, David Malpass has warned that the global economy will grow at a slow pace through 2023 amid fresh threats from COVID-19 variants. He also added that a rise in inflation, debt, and income inequality could…

The World Bank Assisted Agro-processing, Productivity Enhancement and Livelihood Improvement Support Project (APPEALS) has implemented over 1,300 Business Investment Plans in Kano State. The Kano State Coordinator of APPEALS project,…

The World Bank Group has urged the Federal Government to impose special taxes on alcohol, cigarettes and sugar-sweetened beverages to help fund primary healthcare across the country. Mr Shubham Chaudhuri, the World Bank Group Country…

The World Bank has stated that Nigeria spends $4.5 billion on fuel subsidy, indicative of 2% of GDP or 35% of oil and gas revenue. This was disclosed by the World Bank in the November 2021 edition of its Nigeria Development Update tagged…

The World Bank has raised alarm over the threat of  insecurity and COVID-19 pandemic on Nigerian households’ food security. In a new report, “COVID-19 in Nigeria: Frontline Data and Pathways for Policy”, released in Washington, last…

World Bank’s senior official said the institution is ready to continue the implementation of cooperation programs with Tunisia. World Bank Group’s Vice President for the Middle East and North Africa Ferid Belhaj made the…

Low-income countries’ debt rose by 12 per cent to 860 billion dollars in 2020, the International Debt Statistics (IDS) 2022 report of the World Bank says. The report was released on Monday at the World Bank/International Monetary Fund…

The World Bank says Nigeria’s economy is expected to grow by 2.4 percent in 2021 owing to support by the service sector. According to source, the Bretton Woods Institution said this on Wednesday in its October edition of…

Sub-Saharan Africa’s economy is expected to expand by 3.3% in 2021 after a contraction of 2% in 2020, the World Bank said on Wednesday. According to analysis in the Pulse, the World Bank’s twice-yearly economic update for the region, the…