Nigeria Secures Additional $215m Loan From World Bank
The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount released to $530m.
Checks by Economic Confidential on Thursday on the World Bank’s official website...
The World Bank has raised a fresh concern over the rising poverty in Nigeria, saying that a staggering 75.5 per cent of rural dwellers live below the poverty line.
These moves, applauded by both the International Monetary Fund (IMF) and the World Bank, were sold to Nigerians as necessary steps toward economic stability.
FG Advocates Adequate Data for Economic, Human Capital Development
The minister of Finance and Coordinating minister of economy, Wale Edun has admitted Nigeria’s data inefficiencies, adding that government requires adequate data to plan for economic and human capital development.
Edun stated this in Abuja on Tuesday...
World Bank Forecasts 3.6% Economic Growth for Nigeria
The World Bank has projected that Nigeria’s economy will grow by 3.6 per cent in 2025, building on an estimated expansion of 3.4 per cent in 2024, as key macroeconomic reforms begin to stabilise the business environment.
The...
Spring Meeting: US Seeks to Reform IMF, World Bank Operations
The United States Treasury Secretary, Scott Bessent, revealed on Wednesday that the Trump administration would pursue a significant overhaul of the International Monetary Fund and World Bank as it seeks a “sustainable international economic system”...
