World Bank

The World Bank, in its June 2022 edition of Global Economic Prospects report said that fuel shortage and rising inflation will likely restrain economic growth in Nigeria. The financial institution had projected that Nigeria’s economy…

The Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), has urged the 36 states of the federation and the Federal Capital Territory (FCT) to accelerate the implementation of the programme. Professor Foluso Okunmadewa, the…

The National Bureau of Statistics (NBS), in collaboration with the World Bank and Food and Agricultural Organization of the United Nations (FAO), will embark on a National Agriculture Sample Census (NASC) in Nigeria after 28 years. This…

The World Bank has attributed food inflation in Nigeria to import restrictions and non-flexible exchange rate management of the Central Bank of Nigeria (CBN). The world lender also revealed that the COVID-19 pandemic-induced…

Ukraine's physical damage to buildings and infrastructure from Russia's invasion has reached roughly $60 billion and will rise further as the war continues. According to World Bank President, David Malpass said in a conference on…

The World Bank has lowered its forecast for global economic growth this year, citing the impact of the war in Ukraine. World Bank President David Malpass told reporters in a conference call that the global growth outlook was reduced to…

The World Bank Group has urged that deep structural reforms guided by evidence are urgently needed to lift millions of Nigerians out of poverty, warning that just 17% of Nigerian workers hold the wage jobs best able to lift people out of…

Zimbabwe has signed a 6.6 million US dollar grant with the World Bank, aimed at boosting the country’s Covid-19 vaccination program. “Financing for the project, which comes in the form of a grant, aims to support the deployment and…

The Nigerian government on Tuesday declared that compared to other nations of the world, Nigeria ranks low in terms of the level of implementation of World Bank and other donor-funded projects. The Minister of Finance, Budget and…

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…