World Bank Disburses $1.45bn State Loan to FG The World Bank says it has disbursed $1.45bn from the $1.5b States Fiscal Transparency, Accountability, and Sustainability Programme fund to the coffers of the Federal Government. The amount, which has been received so far as of December 12,...

World Bank Projects Insecurity, Economic Hardship to Worsen in Six States  World Bank has predicted that persistent insecurity, armed conflict, and deteriorating livelihoods will continue to affect local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and the far north of Adamawa State...

W’Bank Projects Nigeria’s Diaspora Remittances to Exceed $20bn in 2023 The World Bank says Diaspora remittance into Nigeria is expected to exceed $20bn by the end of the year as total remittances into the Sub-Saharan Africa region increase by 1.9 per cent. This was revealed in...

World Bank Grants Finance Ministry $5.6m Loan for Stationery, Others The Home Finance Department of the Ministry of Finance, Budget and National Planning has received the sum of $5.6m from the World Bank to procure 21 items, which included office stationeries, furniture, solar inverter, office...

Report: Nigeria, Others Spend $441bn on Debt Servicing – World Bank Nigeria and other developing countries have spent about $441bn on debt-serving in the past 40 years, according to a new World Bank report. The World Bank report also disclosed that Nigeria received $2.9b and topped...

 Economic Disparities and the Elimination of Middle Class in Nigeria By Jamilu Ja’afaru, Ph.D.   The economic disparities in Nigeria have been further underscored by recent statistics released by the World Bank, revealing that the number of poor Nigerians has surged to a staggering 104 million....