Subsidy overtakes health, education, welfare budgets, World Bank warns Nigeria
The World Bank says the cost of fuel subsidy in Nigeria has exceeded the government’s spending on health, education and social protection for Nigerians. It
Tag : World Bank
World Bank, IMF advocate freer trade as stagflation fear spreads
The World Bank and the International Monetary Fund (IMF) see prospects in the removal of trade barriers and incentives for higher production as the risk
World Bank ranks Lagos ports poorly amid collapse, cargo diversion
The World Bank has ranked Lagos ports as 358th out of 370 ports assessed globally, according to the latest Container Port Performance Index 2021 report.
World Bank to fund $30bn projects in Nigeria, others
The World Bank has said it is set to disburse a total of $30bn to fund existing and new projects in Nigeria and other countries
World Bank agrees to loan for Lagos ports’ repairs
The Work Bank is set to offer the Nigerian Ports Authority (NPA) a loan to rehabilitate the failed sections of the Tin Can Island port
World Bank: Nigeria, others got $49b remittances in one year
The World Bank said remittance inflows to Nigeria and other Sub-Saharan Africa countries soared 14.1 per cent to $49 billion in 2021 following an 8.1
Nigeria’s oil production falls over poor maintenance, says World Bank
The World Bank has said that Nigeria’s oil production declined in 2021 due to a lack of maintenance and the loss of infrastructure efficiency. It
BPP collaborating with World Bank to achieve public procurement standard — Official
The Bureau of Public Procurement (BPP), says it is working to achieve the World Bank funded Sustainable Procurement Environmental and Social Standards Enhancement Project (SPESSE).
Again, world bank raises red flag over Nigeria’s oil subsidy payment
For the umpteenth time, the World Bank has warned that the high cost of subsidies, due to the spike in oil prices may deteriorate Nigeria’s
Debt servicing: Nigeria paid $598.59m to World Bank, China in 2021 – Report
Nigeria spent $598.59million on servicing the debts owed to the World Bank and the Exim Bank of China in 2021, according to an analysis of
