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WORLD BANK
The World bank has estimated that Nigeria’s inflation rate would drop to around 24.8% this year and further slide to 15.1% by 2026.
The World bank has stated that the cost of trade in Nigeria and Ethiopia is four to five times higher than what obtains in the United States due to insecurity, higher transportation costs, topography and poor road infrastructure.
West Africa's biggest economy, Nigeria, is forecast to grow 3.3% this year, below its long-term average.
The percentage of men with wage or salary paying jobs have declined in 11 years, according to a brief on gender landscape in Nigeria by the World Bank.
The World Bank is looking to issue up to $1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters, as development banks face increasing pressure to find new ways to boost their lending.
Under the project, NIMC is expected to have issued the National Identification Number (NIN) to 148 million Nigerians by June 2024Under the project, NIMC is expected to have issued the National Identification Number (NIN) to 148 million Nigerians by June 2024.
The Federal Government has inaugurated a steering committee for the Nigeria Digital Identity for Development Project.
Egypt is set to recieve a fresh $6bn in support from the World Bank Group to tackle its poor economy.
The World Bank’s fund for the planet’s poorest nations is advocating for record funding to address the escalating challenges of debt and climate crises.
The Federal Government of Nigeria is on the verge of securing another loan worth $500 million from the World Bank to bolster rural access and agricultural marketing in the country.
Nigeria is currently engaging the World Bank for financial assistance to address the challenges faced by IDPs and their host communities.
The European Union (EU) has disclosed plans to provide around €7.4 billion support to Egypt as part of effort to stabilise its economy according to reports from Bloomberg.