Despite World Bank Funding, Buhari Failed To Sign Data Protection Bill   The former President of Nigeria, Muhammadu Buhari, failed to sign the Nigeria Data Protection Bill again despite World Bank’s funding and stakeholders’ support. In September last year, it was reported that the Project Coordinator, Nigeria...

World Bank, Customs Partner to Improve Trade Compliance The Nigeria Customs Service, in collaboration with the World Bank under the Accelerating Revenue Mobilisation Reforms Programme, has introduced modalities for migration from the Fast Track Regime to Fast Track 2.0. In a statement, on Wednesday, the National...

Multiple Exchange Rates May Increase Nigeria's Debt Burden, Says W’Bank The President of the World Bank Group, David Malpass, has warned that Nigeria’s parallel exchange rate is harmful as it worsens future debt service payments and increases the risk of debt distress. Malpass said this in...

Petrol: El-Rufai, Sanusi, World Bank Urge FG To End Subsidy   The Governor of Kaduna State, Nasir El-Rufai, on Tuesday, revealed that in 2021, President Muhammadu Buhari , agreed that it was senseless to be spending trillions of naira as subsidy on Premium Motor Spirit, popularly...

Nigeria’s Borrowing From World Bank Hit $14.34bn In Q1, 2023   Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31, 2023. This was an increase from the $13.93bn debt recorded by the Debt Management Office (DMO) as of December 31, 2022. This means that...

Fuel Subsidy: CISLAC Queries $800m World Bank Loan for Nigerians   The Civil Society Legislative Advocacy Centre, CISLAC, has queried the Federal Government over the World Bank’s $800 million loan to the country, as a palliative to cushion the effect of the proposed fuel subsidy removal...