By Joel Oladele, Abuja The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has faulted the corruption ranking issued by the World Bank and Transparency International, challenging the international organisations to hold accountable, countries receiving corruption proceeds. Transparency International…
…savings to reach over N21 trillion between 2023 and 2025 The World Bank has projected that Nigeria will save up to N3.9 trillion this year with the removal of fuel subsidy and reforms of its foreign exchange market, noting that…
…Backs forex unification policy …Adopt multidimensional approach to end FX crisis — NECA By Ibiyemi Mathew Following the impact of the removal of fuel subsidy, the World Bank has predicted an increase in the level of poverty in Nigeria. In…
By Sodiq Adelakun The World Bank Group has approved a loan of $500million to help improve the livelihood of women in Nigeria. Recall it would be the second loan approved by the World Bank under President Bola Tinubu. The World…
The World Bank said on Tuesday that it planned to commit additional 750 million dollars to deepen Nigerians access to electricity through the Nigeria Electrification Project (NEP). Ms Elizabeth Huybens, the World Bank’s Director of Strategy and Operations for Western…
By Bob MajiriOghene Etemiku, Abuja The World Bank Group (WBG) in a Migration and Development Brief (number 38) in the series), has predicted that there would be an increment in remittances to Nigeria and several West African countries. According to…
The Institute of Chartered Accountants of Nigeria (ICAN) has called on the World Bank to approve loans for the Federal and State Governments in Nigeria based on their ranking on the ICAN Accountability Index. The President, ICAN, Dr. Innocent Okwuosa,…
By Sodiq Adelakun The World Bank Group has announced an additional $1.5 billion by 2024 to support reforms needed to improve soil health and strengthening the fertilizer sector in terms of subsidy management, quality control and traceability through policy development…
By Sodiq Adelakun The World Bank said Nigeria’s growth has been affected by macro-economic issues such as problems caused by the naira redesign, issues around foreign exchange shortages and the persistently high inflation rate. This was revealed in its global…
The President of the World Bank Group, David Malpass, has warned that Nigeria’s parallel exchange rate is harmful as it worsens future debt service payments and increases the risk of debt distress. Malpass said this in a blog post titled…
