The World Bank has issued a stern warning about the rapid rise of extreme poverty in Nigeria, saying the country is now one of 39 economies where conflict and instability …
Tag:
WORLD BANK
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EconomyGOVERNMENTInfrastructureOil & Gas
Nigeria’s 2025 Budget Under Threat as IMF Warns of Rising Deficit
Nigeria’s financial future is facing tough times as the International Monetary Fund (IMF) has warned that the 2025 national budget may not hold up due to falling oil prices, reduced …
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AgricultureEconomyFinance & ServicesGOVERNMENTInfrastructurePolicies
President Tinubu Says Nigeria Is on Path to Food Sovereignty
President Bola Ahmed Tinubu has said that Nigeria is on its way to food sovereignty due to the policies his administration has put in place. He made this statement on …
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AfricaAgribusinessAgricultureBusinessDevelopmentTOGO
World Bank Approves $300 Million To Boost Togo’s Agricultural Transformation
The World Bank Group (WBG) has approved $300 million to help Togo become a center for agribusiness and animal nutrition in the region. The fund will help Togo scale up …
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DevelopmentGOVERNMENTHealthcareInfrastructureNigeriaPolicies
World Bank Blames State-Level Capacity Weakness for Poor Implementation of $700m Nigerian WASH Programme
The World Bank has blamed poor institutional capacity at the state level for the weak performance of Nigeria’s $700 million Sustainable Urban and Rural Water Supply, Sanitation and Hygiene (WASH) …
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AfricaDevelopmentEconomyPoliticsUGANDA
World Bank Resumes Funding to Uganda Nearly Two Years After Anti-LGBT Law Fallout
The World Bank has announced the resumption of funding to Uganda, nearly two years after suspending new financing to the country due to the enactment of the controversial Anti-Homosexuality Act …
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DevelopmentEnergyManufacturingNigeria
Meter Manufacturers Reject Chinese Contracts, Urge FG to Back Local Industry
The Association of Meter Manufacturers of Nigeria (AMMON) has raised strong objections to the continued award of meter supply contracts to Chinese companies, despite Nigeria’s robust local production capacity. In …
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesGOVERNMENTKenyaKenyan News
World Bank Cuts Kenya’s 2025 Growth Forecast to 4.5% Over Debt, Lending Rates and Private Sector Struggles
The World Bank has revised its economic growth forecast for Kenya down to 4.5% for 2025, cutting half a percentage point from its earlier projection. The global lender cited rising …
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DevelopmentEconomyGOVERNMENTInnovationNigeriaWestern Africa
ECOWAS, World Bank Hold Workshop in Abuja to Improve Internet Access Across West Africa
The Economic Community of West African States (ECOWAS), in partnership with the World Bank-funded West Africa Regional Digital Integration Project (WARDIP), has started a two-day technical workshop aimed at improving …
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EconomyEnergyGOVERNMENTInternational RelationsNigeriaPoliciesWestern Africa
Nigeria Records Fastest Economic Growth in 10 Years, Says World Bank, But Inflation Still a Big Problem
The World Bank has revealed that Nigeria’s economy grew at its fastest rate in almost 10 years in 2024, driven by strong performance in the fourth quarter and better management …
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