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World Bank Urges Nigeria to Increase Public Spending for Infrastructure

In a candid keynote address at the annual banking and finance conference in Abuja, the World Bank Country Director for Nigeria, Mr. Shubham Chaudhuri, underscored Nigeria’s dire need for increased public spending.

Emmanuel Ochayi

1 year ago

Business

World Bank, IMF, CBN Accused Of Sabotaging Nigeria, China Swap Deal Amid Low Utilisation

The World Bank and the International Monetary Fund (IMF) have been accused by a human rights lawyer, Femi Falana, of sabotaging the Nigeria and China swap deal. Falana said the global financial

Fakoyejo Olalekan

1 year ago

World Bank Stops Loan Disbursement To Uganda Over Anti-Homosexuality Law

Africa·Business

World Bank Stops Loan Disbursement To Uganda Over Anti-Homos3xuality Law

World Bank has halted loan discussion and disbursement to Uganda’s government due to the East African country’s Anti-Homos3xuality Act 2023. In May, Uganda’s President Yoweri Museveni signed a bill criminalising homosexuality or

Fakoyejo Olalekan

1 year ago

Business

N8,000 Is Significant Amount For Nigeria’s Poor Households, World Bank Defends Tinubu

The World Bank has backed the N8,000 monthly intervention fund President Bola Tinubu initially proposed as a palliative to cushion the hardship caused by the removal of subsidy on Premium Motor Spirit

Fakoyejo Olalekan

1 year ago

Business

World Bank: Fuel Subsidy Removal To Reduce Money Supply In Nigeria, Raise Inflation Rate

The World Bank has disclosed that the money supply in Nigeria will drop due to President Bola Tinubu’s decision to remove fuel subsidy. This was disclosed in the international financial institution’s June

Fakoyejo Olalekan

1 year ago

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

Business

World Bank Says CBN’s Naira Redesign Policy Affects Poverty Reduction In Nigeria

The World Bank said the Naira redesign policy of the Central Bank of Nigeria (CBN) hampered the growth of Nigeria’s economy. According to the financial body, the CBN’s Naira redesign policy has

Fakoyejo Olalekan

2 years ago

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Business

Nigerian Gov’t Spends 96% Of Revenue To Service Debts- World Bank Reveals Impact

The World Bank said the Nigerian government spent 96.3 per cent of its revenue on servicing debt in 2022, indicating the country has a revenue and debt problem. This means for every

Fakoyejo Olalekan

2 years ago

Business

World Bank Suggests Suspension Of Debt Service Payment For Nigeria, Others

The President of the World Bank, David Malpass, has proffered solutions to the piling debt of Nigeria and other developing countries. Malpass said the World Bank is proposing the suspension of debt-service

Fakoyejo Olalekan

2 years ago

Business

FG To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

The World Bank has handed Nigeria $800 million to disburse to vulnerable households after the removal of subsidy on the premium motor spirit (PMS). Nigerian government already slated June as the last

Fakoyejo Olalekan

2 years ago

Business

World Bank President, David Malpass, To Resign After Four Years

The World Bank President, David Malpass, will exit his role in the global financial institution on June 30, ending a four years reign. In a statement dated Wednesday, 15 February 2023, the

Fakoyejo Olalekan

2 years ago

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World Bank News - Page 5

World Bank Urges Nigeria to Increase Public Spending for Infrastructure

World Bank, IMF, CBN Accused Of Sabotaging Nigeria, China Swap Deal Amid Low Utilisation

World Bank Stops Loan Disbursement To Uganda Over Anti-Homos3xuality Law

N8,000 Is Significant Amount For Nigeria’s Poor Households, World Bank Defends Tinubu

World Bank: Fuel Subsidy Removal To Reduce Money Supply In Nigeria, Raise Inflation Rate

World Bank Says CBN’s Naira Redesign Policy Affects Poverty Reduction In Nigeria

Nigerian Gov’t Spends 96% Of Revenue To Service Debts- World Bank Reveals Impact

World Bank Suggests Suspension Of Debt Service Payment For Nigeria, Others

FG To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

World Bank President, David Malpass, To Resign After Four Years

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