Tag: World Bank
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World Bank cuts global growth forecast to 2.3% for 2025
Global economic growth is projected to slow to 2.3 per cent in 2025 due to mounting trade tensions and persistent policy uncertainty, according to the World Bank’s latest Global Economic Prospects report.
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World Bank delivers verdict on Nigeria’s economy
The World Bank says Nigeria’s economy is showing strong signs of improvement, thanks to the country’s commitment to far-reaching economic reforms. Taimur Samad, the Bank’s Acting Country Director for Nigeria, made the remark on Monday in Abuja whil
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World Bank raises alarm over soaring rural poverty in Nigeria
The World Bank has expressed serious concern over the worsening poverty crisis in Nigeria, revealing that approximately 75.5% of rural Nigerians now live below the poverty line. This is according to the institution’s April 2025 Poverty and Equity Brief for Nigeria.
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Nigeria, World Bank set job creation agenda
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says Nigeria is working with the World Bank to develop a job-creation agenda. Edun made this known during an interview with journalists after the World Bank Development Committee
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Why Nigeria can become global economic growth driver-World Bank
Dr. Ndiame Diop, the World Bank Country Director for Nigeria, has emphasized that Nigeria’s rapidly growing working-age population, which is expected to reach approximately 100 million in the next 25 years, presents a unique opportunity for the country to become a major global economic driver. According to Diop, this demographic growth will not only outpace…
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World Bank approves $1.08bn loan for Nigeria’s education, nutrition
The World Bank has approved three financing initiatives totaling $1.08 billion to support education, nutrition, and economic resilience in Nigeria. The loans are aimed at improving education quality, strengthening community resilience, and boosting nutrition for underserved groups, according to a statement released by the bank.
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Why I pulled out of World Bank loan, refused to borrow – Soludo
Anambra State Governor, Chukwuma Soludo says his administration pulled out of an existing loan arrangement with the World Bank to save the state from “debt overhang”. Soludo said this while addressing members of the Late Sen. Ifeanyi Ubah Media
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Global commodity prices set to fall – World Bank warns
The World Bank has projected energy prices to drop by six percent in 2025, and an additional two percent in 2026.
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Economist warns FG against World Bank, IMF
The Chief Economist at SPM Professionals, Paul Alaje, has called on the Federal Government to be careful with advice given by global financial institutions like the World Bank and the International Monetary Fund (IMF).
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Don’t reverse current economic reforms- World Bank warns FG
Despite hardship in the country, World Bank has advised the federal government not to reverse the ongoing economic reforms, warning that it may have negative implications for the country.