Global economic growth was projected to slow to 1.7 per cent in 2023, 1.3 per cent lower than the forecast made in June last year, marking its third-weakest pace in nearly three decades, the World Bank Group said in its…
The World Bank has advised Nigeria that the transition period of the naira redesign initiative by the Central Bank of Nigeria, CBN, is short and would harm the country’s economy, especially the poor. The bank stated this in its recent…
By Idris Bakare The World Bank has disclosed that 80 million working-age Nigerians will not have a full-time job by 2030 if the nation doesn’t improve its employment rate. The global bank disclosed this in its ‘Nigeria Development Update (December…
The Honourable Minister of Communications and Digital Economy of Nigeria, Professor Isa Ali Ibrahim Pantami, had meetings at Space Exploration Technologies Corporation (Space X) headquarters in Hawthorne, California, as well as a meeting at the World Bank Headquarters and another…
The World Bank has reduced Nigeria’s 2022 growth forecast to 3.1 per cent from a previous forecast of 3.8 per cent. In its latest Nigeria Development Update (NDU), launched in Abuja on Thursday, the bank said that the nation had…
…As 8,000 farmers benefit from project in five years Following the positive impact of the Agro-processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS) Project on farmers’ productivity in the State, Lagos State Government has appealed to the World Bank for…
The Federal Government is boosting World Bank’s 500 million dollars funding for Adolescent Girls Initiative for Learning and Empowerment (AGILE) project with 700 million dollars. The Nigerian government boost raises the tally to 1.2 billion dollars. Communications Officer of AGILE,…
Hajiya Sadiya Umar Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development, says the Federal Government will partner the World Bank to conduct a post disaster rapid impact assessment. Farouq, who stated this at a Ministerial briefing, said that…
There are more economic troubles for the world, the World Bank warns. The global bank noted, yesterday, from its Washington DC headquarters that the shrinking value of the currencies of most developing economies is driving up food and fuel prices…
Lagos government says it has sought collaboration with World Bank for rapid delivery of technology-driven and affordable mass housing schemes in the state. This is contained in a statement issued by Spokesperson of the state Ministry of Housing, Mrs Adeola…
