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International Development
World Bank approves $500m COVID-19 grant for Nigeria
The World Bank has announced a 500-million-dollar grant to support Nigeria’s recovery efforts from the impacts of the COVID-19 pandemic.
By Desmond Ejibas
The World Bank has announced a…
Nigeria Needs Obasanjo’s 2003 & 2007 Monetary Reforms to Sustain Economic Growth – World Bank –…
According to the World Bank, Nigeria’s monetary and fiscal policy reforms from 2003 to 2007 are required today to generate and maintain economic development.
Indermit Gill, the vice president of the World Bank Group, said this at the…
World Bank Urges Nigeria To Sustain Reforms For Economic Transformation
The World Bank has called on Nigeria to maintain its current economic reforms for the next 10 to 15 years in order to achieve a transformative impact on its economy.
This statement was made by Senior Vice President of…
Nigeria Lost ₦10 Trillion In Revenue Due To Fuel Subsidies And Numerous Currency Rates In 2022 –…
According to the World Bank, Nigeria was losing almost ₦10 trillion in income due to fuel subsidies and multiple exchanges as of 2022 before President Tinubu’s reforms.
This revelation was made by Indermit Gill, Senior Vice President of…
Ghana Cedi is 4th weakest in West Africa; losing 24% value in 2024
The World Bank’s October 2024 Africa Pulse Report has revealed that the Ghana cedi and three other currencies are the worst-performing currencies in Sub-Saharan Africa in 2024.
According to the report, the cedi has lost about 24…
World Bank Vice President tells Tinubu to sustain ongoing reforms despite hardship in Nigeria
The Federal Government has been advised to sustain the ongoing reforms despite the hardship on Nigerians.
The World Bank Vice President and Chief Economist, Mr Indermit Gill, who gave this advice, also hailed the Central Bank of Nigeria,…
Tinubu’s Economic Reforms are Necessary and Must Continue – World Bank.
Vice President and Chief Economist of The World Bank, Mr. Indermit Gill, has said that the Federal Government should sustain ongoing reforms despite the hardship on Nigerians. Gill made the assertion when he spoke…
World Bank Sees Raising Record-Breaking Funds for Poor Nations ‘Challenging’
(Bloomberg) -- The World Bank faces a “challenging” task of raising a record amount of new money to help the most impoverished nations, according to a top official from the development lender.Most Read from BloombergAkihiko Nishio,…
Nigeria must sustain current reforms for 15 years to transform economy – World Bank
The World Bank says Nigeria must maintain its current reforms for the next 10 to 15 years to transform its economy.Indermit Gill, senior vice-president of the World Bank Group, spoke on Monday during the ongoing 30th Nigerian Economic…