World Bank Reveals Nigeria’s Poverty Rate Reduced By 7%
The World Bank has estimated that improved access to internet coverage over three years led to a seven per cent reduction in extreme poverty in Nigeria and Tanzania.
This was disclosed in a new brief titled, “Digital...
World Bank Projects 2.3% Growth in Global Trade by 2024
Global trade is projected to pick up to 2.3 percent in 2024 after lagging behind global growth in 2023.
This reflects a partial normalisation of trade patterns following exceptional weakness last year.
The World Bank’s latest Global...
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 StatesÂ
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...
