Undisbursed Loans Raise Nigeria’s World Bank Debt To $21.15bn   Undisbursed loans may drive Nigeria’s debt to the World Bank from $12.72bn to $21.15bn. This shows that the yet-to-be disbursed loans can increase Nigeria’s debt to the lending institution by 66.27 per cent. The audited financial statements of...

States Receives N472bn World Bank-Assisted Fund - FG The Federal Government, says states had received N471.9bn of the $1.5bn World Bank-assisted States Fiscal Transparency, Accountability and Sustainability Programme for Results. It noted that in addition to the grant, all the 36 states had domesticated the fiscal...

Fed Govt To Launch $750m World Bank-backed Programme   The Presidential Enabling Business Environment Council, on Tuesday, unveiled its plans to kickstart a $750m World Bank-funded programme in January next year. This was as Vice President Yemi Osinbajo, on Tuesday, said the kind of business environment Nigeria...

Governors Set to Discuss Nigerians’ Economic Hardship - Barkindo The Nigeria Governors Forum says they will meet on Wednesday to discuss the country's economic hardship and seek a solution. This was revealed in a statement by the NGF spokesperson, Abdulrazaque Bello-Barkindo, on Tuesday in Abuja. He said...

Nigeria’s Debt To World Bank Increases By $660m The total debt owed to the World Bank Group by Nigeria rose by $660m in the first six months of 2022. This is according to data from both the Debt Management Office and the financial statements of the...

In Three Years, Diaspora Nigerians Remit $60.22bn - World Bank The World Bank and Budget Office of the Federation data has revealed that Nigerians in Diaspora remitted $60.22bn in the three years to boost economic activities and the nation’s external reserves. The World Bank noted that...