Tag: World Bank
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How Nigeria, others spend $443.5bn to service debt in 2022 – World Bank
Nigeria, alongside other developing countries spent $443.5 billion to service public debt amid surge in interest rate, according to the World Bank. The multilateral lender revealed this this in its recent International Debt Report for 2023, a longstanding annual publication featuring external debt statistics and analysis for the 122 low and middle-income countries that report…
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The World Bank, IMF, WTO and other witchcraft organisations – By Owei Lakemfa
The World Bank’s Lead Economist for Nigeria, Alex Sienaert on Wednesday, December 13, 2023 said he was sniffing around for fuel subsidy that the Tinubu administration might still be paying. Like a headmaster warning an errant pupil, Sienaert told the Nigerian Government it does not appear to him that …
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What FG should do if petrol must sell at N750 per litre – NLC
The Nigeria Labour Congress (NLC) has advised the federal government to make minimum wage in the country commensurable with international wages if petrol must sell at N750 per litre.
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N750 per litre petrol: NLC sends warning to FG
The Nigeria Labour Congress (NLC) on Thursday warned the Federal Government against heeding the advice of the World Bank to increase the pump price of petrol to N750/litre.
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Why petrol should sell above N750 per litre in Nigeria – World Bank
World Bank has suggested that a litre of Premium Motor Spirit (PMS), popularly known as petrol, should sell above N750 per litre in Nigeria to be cost-reflective.
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N87trn debt: ‘Suspend loans to Nigeria’s 36 states over misspending’, SERAP tells World Bank
Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President Mr Ajay Banga “to promptly, transparently and effectively conduct investigation into spending of loans an
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Ex-CBN Deputy Gov warns FG against more World Bank loans
A former Deputy Governor of the Central Bank of Nigeria, (CBN) Kingsley has kicked against the federal government’s plan to borrow $1.5 billion from the World Bank.
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FG seeks fresh $1.5bn from World Bank for budget support
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has disclosed the federal government is in discussion with the World Bank for a 1.5 billion dollars budget support.
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World Bank says no new funding to Uganda over anti-gay law
World Bank said it will not consider new loans to Uganda after the East African country earlier this year enacted an anti-gay bill that rights groups and others have condemned.
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World Bank President, Ajay Banga to visit Nigeria on Thursday
World Bank President Ajay Banga has been scheduled to visit Nigeria on Thursday during which he will meet with President Bola Tinubu and Vice-President Kashim Shettima. This was made known via a statement from the international lender on Tuesday.