world bank

  1. Internet Access Slashes Poverty by 7% in Nigeria and TanzaniaInternet Access Slashes Poverty by 7% in Nigeria and Tanzania - World Bank Report

    Nigeria Internet Access Slashes Poverty by 7% in Nigeria and TanzaniaInternet Access Slashes Poverty by 7% in Nigeria and Tanzania - World Bank Report

    A recent World Bank brief, titled "Digital Transformation Drives Development in Africa," reveals that improved internet access has contributed to a notable 7% reduction in extreme poverty in Nigeria and Tanzania over three years. The report also highlights an 8% increase in labor force...
  2. Nigeria Labour Congress Accuses World Bank of Hostility, Rejects N750/Litre Fuel Price Proposal

    Nigeria Nigeria Labour Congress Accuses World Bank of Hostility, Rejects N750/Litre Fuel Price Proposal

    The Nigeria Labour Congress (NLC) has vehemently criticized the World Bank, branding it an "enemy of the Nigerian nation," following the institution's call for the Federal Government to end petrol subsidies and increase prices to N750 per litre. NLC President Ajaero condemned the World Bank's...
  3. Nigeria's Poverty Hits 46%, 104 Million Affected, Up by 24 Million in 5 Years - World Bank Report

    Nigeria Nigeria's Poverty Hits 46%, 104 Million Affected, Up by 24 Million in 5 Years - World Bank Report

    The World Bank's Nigeria development update unveils a stark reality—Nigeria's poverty rate has surged to 46 percent in 2023, translating to a staggering 104 million poor Nigerians. The report attributes this alarming increase from 40 percent in 2018 to sluggish growth and rising inflation...
  4. Government Dismisses World Bank, Says Petrol Subsidy 'Gone for Good

    Nigeria Government Dismisses World Bank, Says Petrol Subsidy 'Gone for Good

    In a televised interview on Channels TV, Minister of Information and National Orientation, Mohammed Idris, emphatically dismissed the recent assertion by the World Bank that the Federal Government continues to pay subsidy on petrol. According to the minister, President Bola Tinubu had made it...
  5. World Bank Advises FG: Cease Subsidy Payments, Consider Petrol Price Hike to N750/Litre

    Nigeria World Bank Advises FG: Cease Subsidy Payments, Consider Petrol Price Hike to N750/Litre

    In a significant development, the World Bank has urged the Federal Government to put an end to fuel subsidies and consider raising the petrol price to N750 per litre, citing the current rates as non-cost-reflective. The recommendation comes as a part of the Nigeria Development Update (NDU)...
  6. Federal Government Allocates 2% of 2024 Budget to Poverty Reduction, Falling Short of World Bank Recommendations

    Nigeria Federal Government Allocates 2% of 2024 Budget to Poverty Reduction, Falling Short of World Bank Recommendations

    The Federal Government of Nigeria plans to allocate 2% of its 2024 budget—equivalent to N534 billion—towards poverty reduction and social development, as revealed by the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu. However, this allocation falls short of the World Bank's...
  7. Nigeria in Talks With World Bank for $1.5 Billion Loan – What You Need to Know

    Nigeria Nigeria in Talks With World Bank for $1.5 Billion Loan – What You Need to Know

    As Nigeria approaches its 63rd Independence Anniversary, the Federal Government has entered into discussions with the World Bank regarding a potential $1.5 billion loan. The loan, known as 'Nigeria Human Capital for Opportunities and Empowerment' (HOPE), aims to strengthen systems for improved...
  8. Nigeria's Stark Paradox: 40 Million Children in Poverty Amidst Oil Riches

    Nigeria Nigeria's Stark Paradox: 40 Million Children in Poverty Amidst Oil Riches

    In a nation blessed with abundant oil reserves and home to some of Africa's wealthiest individuals, a recent report by the World Bank paints a deeply troubling picture: 40 million Nigerian children are trapped in the clutches of extreme poverty. This alarming statistic, as reported by Punch...
  9. World Bank Extends $700 Million Loan to Nigeria for Girls' Education

    Nigeria World Bank Extends $700 Million Loan to Nigeria for Girls' Education

    The World Bank has given the green light for a new $700 million loan to support the Adolescent Girls Initiative for Learning and Empowerment program in Nigeria. This initiative aims to enhance secondary education prospects for girls in targeted states. With the additional financing, the project...
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    Business World Bank Approves Fresh $500 million Loan For Nigeria - Channels Tv

    https://www.channelstv.com/2023/06/27/world-bank-approves-fresh-500-million-loan-for-nigeria/
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    Business World Bank estimates $20.9 billion in remittance inflow for Nigeria in 2022 - Nairametrics

    https://nairametrics.com/2022/12/02/world-bank-estimates-20-9-billion-in-remittance-inflow-for-nigeria-in-2022/
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    Business World Bank suspends Nigerian firm, MD for bribery - Punch Newspaper

    https://punchng.com/world-bank-suspends-nigerian-firm-md-for-bribery/
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    Business Nigeria’s economy in reverse to 2010 levels –World Bank – New Telegraph

    https://www.newtelegraphng.com/nigerias-economy-in-reverse-to-2010-levels-world-bank/
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    Metro Inflation pushed 7 million Nigerians into poverty in 2020 – World Bank – Premium Times Nigeria

    https://www.premiumtimesng.com/news/headlines/467929-inflation-pushed-7-million-nigerians-into-poverty-in-2020-world-bank.html
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    Metro Kebbi secures $70m World Bank Grant – P.M. News

    https://www.pmnewsnigeria.com/2021/04/18/kebbi-secures-70m-world-bank-grant/
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    Business World Bank hesitant over Nigeria’s $1.5b loan request – P.M. News

    https://www.pmnewsnigeria.com/2020/12/11/world-bank-hesitant-over-nigerias-1-5b-loan-request/
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    Business How States Can Access $2m SFTAS Grant – W/Bank – Leadership Newspaper

    https://leadership.ng/how-states-can-access-2m-sftas-grant-w-bank/
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    Metro #EndSARS: 10 killed by Nigerian Police since start of protests – Amnesty International – Nairametrics

    https://nairametrics.com/2020/10/13/endsars-10-killed-by-nigerian-police-since-start-of-protests-amnesty-international/
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    Business COVID-19: World Bank warns Nigerians, others in Africa not to relax – Nairametrics

    https://nairametrics.com/2020/10/12/covid-19-world-bank-warns-nigerians-others-in-africa-not-to-relax/
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    Business World Bank Backs FG On Petrol Subsidy Removal – Punch News

    https://punchng.com/world-bank-backs-fg-on-petrol-subsidy-removal/
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