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....
W'Bank Urges FG to Stop subsidy payment, Increase Petrol Price to N750/litre
The World Bank says the federal government may still be paying for petrol subsidy as fuel prices in Nigeria are currently not cost-reflective.
It said Nigerians should pay about N750 per litre as against...
W’Bank Knocks NNPCL, Says not Transparent on Subsidy Gains, Oil Revenues
The World Bank has disclosed that the Nigeria National Petroleum Corporation Limited is not transparent about the financial gains from fuel subsidy removal.
This extends to subsidy arrears that are still being deducted and the...
World Bank Approves $300m Palliative Loans - Report
The World Bank has commenced payment of the $800m approved for the National Social Safety Net Program-Scale Up.
Documents obtained from the apex bank shows that about $299.99 million was disbursed to Nigeria under the National Social Safety...
FG Approves $3.45bn W’Bank loan to Finance Five Projects
The Federal Executive Council had approved the application for a $3.45bn loan to finance five projects.
They include projects in the power sector, renewable energy, states’ resource mobilisation programme, adolescent girls’ initiative for learning and empowerment and...
