Nigeria’s COVID-19 Management To Determine Level Of Recession – W/Bank
Following the outbreak of COVID-19 in Nigeria, it has been projected that the three tiers of government could lose more than N2tn in revenues. Giving this huge revenue deficit, the World Bank says the extent...
W/Bank Predicts Sharp Fall In Nigeria’s GDP
The World Bank has predicted a sharp fall in Nigeria’s real gross domestic product growth as countries in sub-Saharan Africa head towards recession as a result of the ongoing coronavirus outbreak.
The latest edition of Africa’s Pulse, the World...
W/Bank Supports Nigeria’s Public Health Sector With $82m
The World Bank says that it has made $82m available to strengthen Nigeria’s public health response to the COVID-19 pandemic.
The $82m was made available through the World Bank’s Regional Disease Surveillance Systems Enhancement Project.
The development was disclosed...
Nigeria To Borrow $6.9bn From IMF, World Bank, AfDB
The Federal Government is to raise the sum of $6.9bn through external borrowing from the World Bank, the International Monetary Fund and the African Development Bank.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed,...
Nigeria, Others Seek Debt Relief From World Bank
The ministers of finance from African countries have called for debt relief from bilateral, multilateral and commercial partners to cushion the negative impact of the coronavirus pandemic on the economies of countries within the region.
They said the...
W/Bank Plans $150bn Economic Recovery Scheme After Pandemic
The World Bank Group has expressed its readiness to deploy about $150bn over the next 15 months to stimulate economic recovery of countries affected by the coronavirus pandemic.
The coronavirus pandemic has led to unprecedented disruptions to global...
