By Olaleye Aanuoluwapo Rachael, Abuja A World Bank report has estimated that the collapse of ecosystem services provided by nature including wild pollination, food from marine fisheries and timber from forests could result in Nigeria’s Gross Domestic Product (GDP) declining…
The Federal Government and World Bank have certified Cross River Government’s readiness towards the implementation of the COVID-19 Action Recovery and Economic Stimulus (CARES) programme. The Federal Government and World Bank Assessment and Advisory team, led by Dr Abdulateef Shittu,…
An economist, Prof. Akpan Ekpo, has queried World Bank’s prediction that Nigeria’s inflation rate is expected to rise to fifth highest in Sub-Saharan Africa by the end of 2021. Ekpo, a professor of Economics and Public Policy at the University…
…food inflation, heightened insecurity, unemployment erode economic growth by Aanuoluwapo Olaleye and Kayode Tokede The World Bank on Tuesday said the increasing inflation rate that led to rise in price of food and services pushed an estimated 7 million Nigerians…
…1.8% for Nigeria in 2021 The global economy is expected to grow at 5.6 per cent in 2021, although many emerging market and developing economies continue to struggle with the COVID-19 pandemic and its aftermath. The World Bank said this…
Lagos State Government says its World Bank-assisted Agro-Processing, Productivity Enhancement, Livelihood Improvement Support (APPEALS) Project will construct 13.16km Farm Access Roads (FARs) in four cluster areas. The state Commissioner for Agriculture, Ms Abisola Olusanya, said this on Thursday during the…
A World Bank report says officially recorded remittance flows to low and middle-income countries reached $540 billion in 2020, 1.6 per cent below the 2019 total of $548 billion. The report which is titled ‘Migration and Development Brief’ released in…
Top officials of the bank spoke on Wednesday at a ‘World Bank Dialogue with Energy Reporters’ with the theme ‘Fostering Knowledge-Sharing and Dialogue on Power Sector Issues in Nigeria,’ in Abuja. Presenting the bank’s Power Sector Recovery Program (PSRP) fact…
By Moses Adeniyi Lagos State on Wednesday witnessed the launching of the State’s brand of the Nigeria COVID-19 Action Recovery and Economic Stimulus (N-CARES) Programme for Results (P4R) by the State Governor, Mr. Babajide Sanwo-Olu. The Lagos State CARES Programme…
Kebbi State Governor, Atiku Bagudu says his administration has secured a 70 million dollars World Bank Grant to strengthen Adolescent Girl-Child Education. Bagudu disclosed this at the 5th Kebbi State Women Ramadan Lecture Series held in Birnin Kebbi, the state…
