Higher Oil Prices’ll Drive Nigeria’s Economy By 2.5% In 2022 – W/Bank   The World Bank has projected a 2.5 per cent economic growth for Nigeria in 2022, and 2.8 per cent in 2023. This 2022 forecast is a slight upward review from the estimated 2.4 per...

Nigeria’s Debt Vulnerable, costly - W/Bank   The World Bank has disclosed that Nigeria’s debt, which may be considered sustainable for now, is vulnerable and costly. According to the Washington-based global financial institution, the country’s debt is also at risk of becoming unsustainable in the event of...

Nigeria’s Inflation Rate May Be Among World’s Highest In 2022 – W/Bank   The World Bank has said Nigeria may have one of the highest inflation rates globally in 2022, with increasing prices diminishing the welfare of Nigerian households. According to the World Bank, Nigeria is projected...

W/Bank loans Nigeria $700m For Water Supply   The Federal Government has secured a $700m loan from the World Bank for specific water projects in the country, the Minister of Water Resources, Suleiman Adamu, has said. According to him, most of the problems associated with water supply...

W/Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria   The World Bank is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund a large-scale Conditional Cash Transfer programme in Nigeria, the Nigeria Governors’ Forum hinted in its 36th teleconference meeting communique...

W/Bank Experts Say Over 42m Nigerian Rural Adults Lack Banking Services     Two World Bank experts have disclosed that more than 42 million adults who live in rural areas in Nigeria lack basic banking services. The experts are a consultant, Maarten Froeling, and an Associate Results Measurement...