World Bank Warns: 141 Million Nigerians To Live In Poverty By 2026
World Bank projects Nigeria’s poverty rate to hit 62% by 2026, representing 141 million Nigerians. Inflation, weak growth, and economic instability remain the biggest poverty drivers. Bank urges sustained fiscal…
World Bank Set to Approve $750m Loans for Nigeria Tuesday
The World Bank is expected to approve two major loans totaling $750m for Nigeria on Tuesday, September 30, 2025 $250m health programme to strengthen pandemic preparedness Economists warn rising debt…
World Bank President, David Malpass Resigns
World Bank president, David Malpass on Wednesday announced that he would step down from his position by the end of June. “After a good deal of thought, I’ve decided to…
World Bank Calls for $30 Trillion Investment to Achieve 2050 Emissions Targets
The World Bank has issued a strong call for an additional $30 trillion in investments to meet global net-zero emissions targets by 2050. In its newly released “Net-Zero Industry Tracker…
Number of Poor Nigerians to Hit 101m Over Subsidy Removal
The number of poor Nigerians is set hit one hundred and one million due to fuel subsidy removal. This was disclosed by World Bank on Tuesday in Abuja when it…
World Bank Approves $500m for Nigeria’s Rural Roads
The World Bank has approved a $500 million concessional loan to tackle Nigeria's worsening rural road infrastructure. The funding will be directed towards the Rural Access Agricultural Marketing Project-Scale Up…
World Bank Approves $1bn to Improve Security in Lake Chad Region
The World Bank has provided one billion dollars to strengthen resilience and improve the livelihood of the people in the countries affected by the insurgency in Lake Chad. The bank’s…
World Bank Approves $1.65bn Loans to Nigeria for Critical Development Projects in 2025
The World Bank has approved a significant loan package totaling $1.65bn (approximately N2.47 trillion) to Nigeria, with disbursement expected to take place in 2025. In an official statement released by…
World Bank Approves Fresh $700m Loan for Nigeria
The World Bank has approved a fresh $700 million loan to support education and empowerment initiatives for adolescent girls in Nigeria. The loan will be used to scale up the…
World Bank Reveals Inefficiencies Cost Nigeria, Others Billion Dollars
A report by the World Bank has exposed the significant losses Nigeria and other developing nations incur due to inefficiencies in public spending. The report, titled "How Can Developing Countries…