Nigeria Going through Its Worst Unemployment Crisis - W/Bank   Nigeria is currently going through one of its worst unemployment crises in recent times, a new report by the World Bank has stated. The multilateral institution also noted that the socio-economic challenges facing Nigerians in the last...

COVID-19 Vaccine: Nigeria Misses Out As W/Bank Gives $4bn To Ghana, 50 others     The World Bank has stated that it has spent over $4bn financing to curtail the COVID-19 pandemic in Ghana, Benin and 49 other countries. This was contained in a press statement released on...

Nigeria'll Lose Ten Years Of Economic Gain Under Buhari’s Administration - W/Bank       The Nigeria Development Update (NDU) report by the World Bank estimated that despite the country’s gradual recovery from the 2020 recession, Nigerian masses will continue to suffer the adverse effect of the economic...

How Nigeria Can Generate N10trn Tax Revenue - W/Bank       The World Bank has advised the federal government to focus on low-hanging and revenue-yielding fruits in order to achieve substantial gains, grow Nigeria’s tax-to-GDP ratio to about seven per cent and rake in about N10 trillion...

How Inflation Impoverishes Nigerians - NBS     The National Bureau of Statistics (NBS) has validated a World Bank’s report which stated that not less than seven million Nigerians were thrown into poverty in 2020 due to the adverse impact of rising inflation. Head, Public Affairs and International...

FG Borrowed N1.3trn In Four Years To Subsidise Power Consumers - W/Bank     The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said. The bank said...