W’Bank Partners Lagos Efforts to Tackle Flooding Lagos State has secured support from the World Bank to strengthen its disaster risk management and emergency response ahead of the rainy season, as the city contends with chronic flooding that disrupts lives and infrastructure. The collaboration, discussed in...

Nigeria’s Debt to World Bank’s IDA Rises $18.7bn Nigeria’s debt to the World Bank’s concessional lending arm, the International Development Association, surged by $1.9bn in just one year to reach $18.7bn as of December 31, 2025, new financial data released by the institution show. According to...

In Nigeria, where trust between government and citizens remains as wide as the horizon, it is no surprise that the World Bank’s decision to reduce its planned grant to the Central Bank of Nigeria (CBN) from $10.5 million to $6.8 million has naturally raised eyebrows.

The World Bank has cut its planned grant to the Central Bank of Nigeria (CBN) from $10.5 million to $6.8 million, with board consideration now scheduled for March 27, 2026.

The World Bank has described Nigeria as a growing global reference point for steady and credible economic reform leadership, citing the country’s consistency and resilience in implementing difficult but necessary policy changes.

Nigeria Set for Fastest Economic Growth in Over a Decade - World Bank ‎Nigeria’s economy is on track to achieve its fastest growth in more than ten years, according to the latest forecast from the World Bank. The institution announced that it has upgraded Nigeria’s...