The World Bank has said that the Federal Government’s response to inflation is inadequate as the country continues to suffer double-digit inflation. According to the lending bank, inflation is currently pushing many Nigerians into poverty and food insecurity. The Washington-based…
The World Bank says the COVID-19 pandemic encouraged financial inclusion, leading to increase in digital payments. This, it stated, was amid global expansion of formal financial services. It stated in its latest Global Findex 2021 database released on Wednesday that…
The World Bank says economic growth in Sub-Saharan Africa (SSA) is expected to decline to 3.7 per cent in 2022 as against 4.2 per cent recorded in 2021. This is according to the World Bank’s latest Global Economic Prospect Regional…
The World Bank has announced actions it intends to take as part of a comprehensive, global response to the ongoing food security crisis over the next 15 months. This is contained in a statement obtained from the World Bank website…
By Oluwaseun Folorunso A total amount of N100million has been disbursed to the youths of Anambra state by the Federal Government in collaboration with World Bank as COVID-19 recovery project. Anambra COVID-19 Action Recovery and Economic Stimulus, AN-CARES project organised…
The World Bank has revealed that the Nigerian economy could earn additional $23-$29 billion if the country closed the gender gap. This was contained in its new report, “Closing Gaps, Increasing Opportunities: A Diagnostic on Women’s Economic Empowerment in Nigeria,”…
The World Bank says global progress to reduce gas flaring, the wasteful industry practice of burning natural gas during oil production has stalled in the last 10 years. This is contained in a statement obtained from the World Bank website…
New data from the World Bank has shown that private investment in low- and middle-income countries’ infrastructure is rebounding from the historic lows recorded in 2020. This is contained in a statement obtained from The World Bank website on Thursday.…
The World Bank has said that Nigeria’s efforts at reducing poverty might hit rocks if certain economic issues are not addressed. These include low human capital, labour market weaknesses and exposure to shocks. This is contained in the new World…
The Bureau of Public Procurement (BPP), said it is working to achieve the World Bank funded Sustainable Procurement Environmental and Social Standards Enhancement Project (SPESSE). This was disclosed by the Director-General of BPP, Mamman Ahmadu through a statement yesterday. Recall…
