W’Bank blames technical problems for oil production decline
The World Bank has stated that technical problems, insecurity, rising production costs, theft, lack of payment discipline in joint ventures, etc. were responsible for the
Tag : W’Bank
CBN loan repayments to gulp 62% of revenue – W’Bank
The World Bank has projected that interest payments on the Federal Government’s borrowing from the Central Bank of Nigeria will gulp about 62 per cent
Nigeria needs N3.7tn annually to tackle poverty – W’Bank
The World Bank has said that it would cost Nigeria N3.7tn to eliminate poverty, which has been on the rise in the country. The financial
87% of Nigeria’s rural roads deplorable, says W’Bank
World Bank’s Country Director, Shubham Chaudhuri, stated this in Abuja at the presidential inauguration of the Rural Access and Agricultural Marketing Project in Nigeria. He
Petrol, electricity subsidies hurting poor Nigerians – W’Bank
The World Bank has said that subsidies benefit only rich households and reduce government spending on poor Nigerians. This was contained in a statement on
Nigeria’s economic outlook uncertain, welfare worsening – W’Bank
The World Bank has said that Nigeria’s economic outlook is uncertain and its ability to attract domestic and foreign investments is also crashing. It also
W’Bank ready to help Nigeria phase out subsidies
The World Bank Group President, David Malpass, has said that the bank is ready to support Nigeria in phasing out regressive fuel subsidies while increasing
Nigeria’s human capital development among world’s worst -W’Bank
The World Bank Group has said that Nigeria’s human capital development ranks among the worst globally. The Washington-based bank stated this in a new report
As Nigeria grapples with blackouts, W’Bank says $100bn needed to solve erratic power supply
As Nigerians continue to contend with erratic power supply, the World Bank has said the country would need about $100 billion in the next 10
Nigeria’s inflation rate may be among world’s highest in 2022 – W’Bank
The World Bank has said Nigeria may have one of the highest inflation rates globally in 2022, with increasing prices diminishing the welfare of Nigerian
