Why tax laws, other reforms will push Nigerian economy growth rate to 4.4% in 2026 – World Bank
World Bank projects Nigeria’s economic growth to rise to 4.4% in 2026 and 2027 on the back of new tax laws and reforms. Prudent monetary policies and improved investor confidence…
World Bank Retains Nigeria’s Growth Forecast at 4.4% for 2026–2027
Nigeria’s GDP growth projected at 4.4% in 2026 and 2027, the fastest pace in over a decade, driven by services, agriculture, and non-oil industries. Economic reforms and prudent monetary policy…
World Bank Approves $500m to Expand MSME Financing in Nigeria
World Bank approves $500m FINCLUDE funding to boost MSME access to credit in Nigeria Programme targets women-led businesses and agribusinesses to drive jobs and inclusive growth Project expected to unlock…
World Bank Predicts Steep Fall in Global Commodity Prices by 2026
World Bank projects Commodity prices to hit lowest level in six years, dropping 7% in 2025 and 2026. Report cites weak growth, oil surplus, and policy uncertainty as major factors.…
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…
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…