Global economic growth is expected to slow to 2.3 per cent in 2025, driven by rising trade tensions and ongoing policy instability, according to the World Bank’s latest Global Economic Prospects report. In a briefing issued on Tuesday through the…
Global economic growth is projected to slow to 2.3 per cent in 2025 due to mounting trade tensions and persistent policy uncertainty, according to the World Bank’s latest Global Economic Prospects report. A statement from the bank’s Online Media Briefing…
World Bank has called for more impact-driven partnerships to address the development challenges in Africa. This call is part of a broader push for more collaborative and outcome-focused development efforts, recognising that global challenges like climate change, health pandemics, and…
The Director General of the National Emergency Management Agency (NEMA), Mrs. Zubaida Umar, Wednesday received a delegation from the World Bank, led by Mr. Francis Samson Nkoka, Senior Disaster Risk Management Specialist, at the Agency’s headquarters in Abuja. The visit…
The Minister of Water Resources and Sanitation, Prof. Joseph Utsev, has urged the World Bank to increase its support for Nigeria’s plans to upgrade existing dams and develop new irrigation systems. He said the enhanced support would help advance the…
The World Bank has called on cooperative societies and regulatory bodies in Nigeria to take proactive steps in addressing technological and regulatory challenges in order to align with international cooperative standards. This appeal was made by the World Bank Lead…
The Nigerian National Petroleum Company (NNPC) Limited is remitting only half of the financial gains from the removal of petrol subsidies due to debt arrears, according to a new report by the World Bank. Last year, President Bola Tinubu announced…
Nigeria’s path to a $1 trillion economy is not out of reach, but it demands urgency. Africa’s most populous nation must grow five times faster than its current pace to hit that target within the next five years, according to…
By Mathew Dennis The World Bank has forecast that Nigeria’s inflation rate could fall to an average of just over 22 percent in 2025, provided the Central Bank of Nigeria (CBN) sustains its current policy of monetary tightening. This outlook…
The World Bank has hailed the Jigawa Government for transparency and effective coordination in the implementation of the Agro-Climatic Resilience in Semi-Arid Landscapes (AcReSAL) project. Dr Joy Agene, the AcReSAL Task Team Lead gave the commendation when she led a…
