20m More Nigerians To Become Poor By 2022 – World Bank
The World Bank projects that the number of poor people in Nigeria will increase by 20 million by 2022. According to the bank’s Nigeria Development Update (NDU), an average Nigerian…
World Bank: Nigeria’s Per Capital Income May Hit 40-Year Low
Stephen Godonu- The World Bank has said Nigeria’s per capital income could fall to its lowest level in 40 years this year. The Country Director for Nigeria, Mr Shubham Chaudhuri, noted that…
COVID-19: Nigeria Gets $114.28 M World Bank Approval
By Olamilekan Alani World Bank has approved $114.28 million financing to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with specific focus on state level responses.…
43% Of World’s Poor People Live In Nigeria– Report
By Olamilekan Alani Global economic growth could rebound next year but the number of people living in extreme poverty is expected to remain unchanged after a huge surge this year…
World Bank Warns Of Rise In Poverty
The World Bank has raised the alarm that, as Nigeria’s Gross Domestic Product (GDP) declines, poverty will be on the increase. This is contained in the Nigeria Economic Update (NEU)…
Shehu Sani Mocks Nigeria’s Rating, Says, ‘O Ya, Come Do Business With Ease’
The Senator who represented Kaduna Central at the Eighth Senate has challenged anyone who believes in Nigeria’s current ranking on the ease of doing business to visit the country to…
INVESTIGATION: World Bank, African Development Bank Blacklist 15 Nigerian Companies, 9 Individuals
The African Development Bank and the World Bank have blacklisted 15 Nigerian firms doing businesses with them. Also put on the blacklist are nine Nigerian nationals indicted for various forms of procurement malpractices. The African Development…
World Bank President Yong Kim Announces Resignation
Adekunle Samuel World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire. The…
