Tag: World Bank
FG will phase out fuel subsidy gradually –Minister
Apparently reacting to the recent World Bank report on
Nigeria spending N731 billion on inflated petrol subsidy in 2018, the minister
of finance, Mrs. Zainab Ahmed...
FG subsidised inflated petrol imports to the tune of N731bn -World...
The World Bank has said that the federal government spent N731
billion to subsidise petrol in 2018.
In its latest report entitled ‘Nigeria biannual economic
update for...
Remittances to developing world to hit $550bn in 2019 – World...
The World
Bank said on Monday that money transfers to poor and developing countries hit a
fresh record in 2018 and should become their largest source...
NEITI to publish owners of oil block licences
The Nigeria Extractive Industries Transparency Initiative
(NEITI) Wednesday disclosed that it would unveil the owners or holders of
Nigeria’s crude oil blocks by January 2020.
NEITI also...
World Poverty Clock says over 91m Nigerians now extremely poor
The World Poverty Clock has updated Nigeria’s poverty index
saying in its latest report that the number of extremely poor Nigerians has
increased to 91.6 million.
It...
Nigeria’s GDP to grow 2.2% in 2019 –World Bank
The World Bank has said in its annual Global Economic
Prospects that Nigeria’s real gross domestic product (GDP) growth will expand
by 2.2 per cent in...
Poverty in Nigeria heightens despite recession exit –World Bank report
The World Bank has said in its latest report that unemployment and poverty rates increased in Nigeria despite an exit from recession in 2017.
The...
Diaspora Nigerians wired $22 billion home in 2017
Diaspora Nigerians wired $22 billion home in 2017, an African record and the fifth largest remittance by immigrants, according to the World Bank.
Egypt received...
World Bank, UNDP partners NiMet for weather information services
The World Bank and the United Nations Development Programme (UNDP) have solicited the Nigerian Meteorological Agency (NiMet) for support of their climate and weather...
AfDB, WB vote $800m to provide agricultural transformation in Africa
The president of African Development Bank (AfDB), Dr. Akinwunmi Adesina, has said that the bank and World Bank have set aside 800 million dollars...
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