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NIGERIA DEVELOPMENT UPDATE
The World Bank has faulted the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO) policy, calling for adjustments to enhance its effectiveness.
The World Bank has cautioned that Nigeria’s current economic growth rate may be too slow to meet the federal government’s ambitious target of transforming the country into a $1 trillion economy by 2030.
The World Bank has said that Nigeria’s macroeconomic outlook is improving, following a series of fiscal and monetary reforms undertaken by the government.
Because of politics, private vested interest, and insincerity of purpose, the past and present FG always dances around the issue
The World Bank has called on the Nigerian government to deepen and sustain its policy measures in tackling COVID-19 related crisis.
The World Bank says Nigeria’s $1.5 billion budget support loan request is still in the works, but the country has to do a bit more.