Nigeria’s Revenue-to-GDP Ratio Lowest, Private Sector Choking – W/Bank       Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in the world, the World Bank said on Monday. The Country Director for Nigeria, World Bank, Dr Shubham...

Nigeria, Others To Benefit From W/Bank COVAX Vaccine Financing         Nigeria and 91 other developing countries will benefit from a new COVID-19 vaccine financing mechanism, which is a product of a partnership between World Bank and COVAX. The World Bank, in partnership with COVAX, stated that it...

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...