Nigeria Businesses Lose $29bn Yearly To Poor Electricity – W/Bank       The World Bank on Wednesday said businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity. It also observed that Nigeria had the largest number of people without access to electricity...

W/Bank To Address Nigeria, Poor Countries’ Debt Overhang     The President, World Bank Group, Mr David Malpass, said the group is working actively in collaboration with the International Monetary Fund on the common framework that the G20 established for dealing with debt overhang and debt burdens. He...

Sub-Saharan Africa Growth To Hit 3.4% In 2021 — W/Bank       Economic growth in Sub-Saharan Africa (SSA) is expected to rise between 2.3 percent and 3.4 percent in 2021 after contracting by 2 percent last year. Stating this yesterday, the World Bank also said that prospects for...

Akwa Ibom Receives $20m From W/Bank, Fed Govt       The Akwa Ibom State Government says it has received $20 million from the World Bank and the federal government in the cash transfer programme for poor people in the state. The Commissioner for Economic Development and Ibom Deep...

FG, W/Bank Begin Process To Rebase Nigeria’s GDP       The Federal Government in collaboration with the World Bank have commenced the process to rebase Nigeria’s Gross Domestic Product. Experts describe GDP as the final value of the goods and services that are produced within a nation’s geographic...

Numbers Of Poor Nigerians’ll Increase By 15m Soon – W/Bank         Nigeria needs to implement key reforms in order to get the economy out of the current doldrums and achieve sustainable inclusive growth, the World Bank and the Chairman of the Presidential Economic Advisory Council, Dr...