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FG Disburses N32bn to World Bank, Others in 2024

FG Disburses N32bn to World Bank, Others in 2024 Nigeria fulfilled its membership obligations to international organizations in 2024 by disbursing N32 billion to the World Bank and five other global bodies. According to findings by Economic Confidential, the disbursements, released through the Office of the...

World Bank Forecasts 3.5% Economic Growth for Nigeria in 2025

World Bank Forecasts 3.5% Economic Growth for Nigeria in 2025 According to the World Bank's latest projections, Nigeria's economy is expected to experience steady growth, with a 3.5% expansion predicted for 2025, followed by a slight increase to 3.7% in 2026, indicating a positive outlook...

Africa’s GDP Growth to Rise by 4.2% – Brookings 

Africa’s GDP Growth to Rise by 4.2% - Brookings  Brookings Institution, a Washington-based think tank has projected that Africa’s GDP would grow by 4.2 per cent in 2025. This was indicated in its latest Foresight Africa report published on Tuesday, suggesting an improvement from the 3.1...

W’Bank Stops Loan Fees to Ease Borrowing for Poor Nations 

W’Bank Stops Loan Fees to Ease Borrowing for Poor Nations  The World Bank has announced the removal of several loan fees to make borrowing more affordable for vulnerable countries. The move is part of broader efforts to expand financial capacity and address urgent global challenges, including...

World Bank Increases NIN Target To 180m

The World Bank has increased the federal government's target for National Identification Numbers (NIN) issuance under the Digital Identity for Development (ID4D) project from 148 million to 180 million, reflecting their confidence in the country’s progress despite earlier setbacks. 

Nigeria to Receive $1.65bn World Bank Loans Next Year

Nigeria to Receive $1.65bn World Bank Loans Next Year   The World Bank has lined up three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of a broader effort to support the country's development agenda and address its most pressing challenges. The loans, currently...