Low Revenues, Poor Investments, Others Threaten Nigeria’s 2021 Growth – W'Bank
The World Bank has said that Nigeria’s growth is expected to resume by 1.1 per cent in 2021 from a contraction of 4.1 per cent in 2020.
It also said the global economy would expand...
W/Bank Cuts 2021 Global Forecast To 4.0%
The World Bank on Tuesday downgraded its outlook for the global economy and warned the situation could deteriorate if Covid-19 infections accelerate or the vaccine rollout is delayed.
The coronavirus pandemic also has worsened the risks surrounding the rising...
Nigeria Owes World Bank, Eurobond, Others N12trn
At least, 67 per cent of the $31.985 billion (N12.193 trillion) outstanding external debt of Nigeria is for loans taken as Eurobond, a commercial loan, and from the International Development Association (IDA) as of September 2020.
According to records...
House Summons Finance Minister Over $36.1m World Bank Loan
The House of Representatives has summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, over a $36.1m facility under the Fiscal Governance and Institutions Project of the World Bank, part of which was allocated...
REA Secures World Bank, AfDB Funds For Power Projects
The Rural Electrification Agency has secured funding from the World Bank and the African Development Bank for the development of power projects in universities and teaching hospitals.
The Managing Director of REA, Ahmad Salihijo, disclosed this at...
Poor Nigerians Will Reach 100 Million By 2022 – W/Bank
The World Bank on Thursday projected that the number of poor Nigerians will increase from the current 90 million to about 100 million by 2022 due to the impact of the COVID-19 pandemic on the...
