world bank
World Bank Slams Nigeria’s N54.9tn Budget as Overly Ambitious
The World Bank has criticized Nigeria’s 2025 federal budget, labeling it overly ambitious and warning that revenue shortfalls might force the government to...
Olaitan Sodiq
Nigeria’s Poverty Crisis: 75.5% of Rural Population Lives Below Poverty Line
The World Bank reports that 75.5% of rural Nigerians live below the poverty line, highlighting deepening economic hardship and inequality in the country’s...
Olaitan Sodiq
World Bank Clarifies $10.50m Funding to CBN as Grant, Not Loan
The World Bank has clarified that the $10.50 million funding for the Central Bank of Nigeria (CBN) is a grant, not a loan,...
Olaitan Sodiq
World Bank May Approve $1.13bn Loans for Nigeria Soon – Report
The World Bank may approve $1.13 billion in loans for Nigeria by the end of March 2025 to support economic resilience, health security,...
Olaitan Sodiq
Nigeria, World Bank Collaborate on Capital Market Funding for Infrastructure
FG has begun discussions with the World Bank to explore funding options for infrastructure development through Public Private Partnership (PPP). The Infrastructure Concession...
Olaitan Sodiq
World Bank Debars Two Nigerian Firms, CEO Over Corruption
The World Bank Group has debarred two Nigerian companies. The debarment is due to fraudulent, collusive. The companies and Didam misrepresented conflicts of...
Olaitan Sodiq
Nigeria Receives World Bank $1.5bn Loan for Subsidy Removal, Tax Reforms
The Washington-based World Bank has granted Nigeria a $1.5 billion foreign loan. The loan was granted as part of the federal government’s effort...
Olaitan Sodiq
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....
Olaitan Sodiq
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...
Olaitan Sodiq
