Nigeria’s Economic Growth Too Slow To Reduce Poverty - World Bank   The World Bank, yesterday, warned that Nigeria’s economic growth is too slow to address the challenge of extreme poverty in the country. Meanwhile, the bank has retained its economic growth (Gross Domestic Product, GDP) forecast...

Naira Depreciation, Inflation Affect N13.72tn Workers’ Salary – Report The continued depreciation of the naira and persistent inflation has eroded the N13.72tn workers’ salaries gained in the last four years, according to the National Bureau of Statistics report. This is as total workers’ salaries in the...

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...