The World Bank has described the Nigeria’s 2025 Budget key assumptions of 2.1 million barrels per day oil production and $73 per barrel price as ambitious given the current production level of 1.6mbpd and $60pb price at the international market. The Nigerian government,… World Bank, Nigerian Govt disagree on 2025 budget assumptions …C0NTINUE READING HERE … Read more
The World Bank says Nigeria’s economy is in good shape as it grew by 3.4 percent in 2024 amid high prices. Taimur Samad, the World Bank’s Acting Country Director for Nigeria, disclosed this in his unveiling of the Nigeria Development Update (NDU) in Abuja on… Hardship: Nigerian economy in good shape, grows by 3.4% – … Read more
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 while presenting the latest Nigeria… World Bank delivers verdict on Nigeria’s economy …C0NTINUE READING HERE >>>>
Former presidential candidate of the Labour Party (LP), Peter Obi, has decried the high rate of poverty ravaging the citizens across rural and urban communities. Henzodaily reported that World Bank in its report, in April, disclosed that more Nigerian were pushed below poverty… Govt’s Wasteful Spending, Cause Of Nigerians Poverty …C0NTINUE READING HERE >>>>
The Coalition of United Political Parties (CUPP) has charged the federal government to activate policies that would address the nation’s increasing poverty rate. The National Secretary of CUPP, Chief Peter Ameh, said the World Bank report on the poverty rate in Nigeria calls… CUPP Blasts Presidency For Denying Nigeria’s High Poverty Rate …C0NTINUE READING HERE … Read more
The World Bank has urged the Nigerian government to implement reforms that protect the country’s poorest against rising inflation. It also advised the government to boost the livelihoods of all Nigerians through more productive work, which it said is key to reversing high… World Bank urges Nigerian Govt to protect poor against inflation …C0NTINUE READING … Read more
About 75.5 per cent of rural Nigerians are now living below the poverty line, reflecting deepening hardship in the country’s hinterlands, the World Bank, has disclosed. The disclosure was made in the Bank’s April 2025 Poverty and Equity Brief for Nigeria that paints a grim… 75.5 per cent rural Nigerians living below poverty line – … Read more
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. The report… World Bank raises alarm over soaring rural poverty in Nigeria …C0NTINUE READING … Read more