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WORLD BANK
The World Bank has said that cash transfers can help save Nigerians from intergenerational poverty traps as inflation and low economic growth adversely affect the poor.
The World Bank has finally disbursed about $299.99 million to Nigeria out of the $800 million approved for the National Social Safety Net Program-Scale Up.
Smaller emerging markets are struggling with high US interest rates, which have made it more expensive for them to borrow money.
Shubham Chaudhuri revealed that the institution has allocated more than $11 billion in funding to both the federal and sub-national levels of the Nigerian government over the past three years.
The President of the World Bank, Ajay Banga has stated that geopolitical tensions across the world pose serious risks to the global economy.
Nigeria's rising debt and poor fiscal management have led to increased poverty, says Olufemi Aduwo, Chairman of CSO-African Countries Group of World Bank.
Ibrahima Sory Sylla has criticized the World Bank and IMF for restrictive lending practices to African nations.
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has been appointed as the Chairman of the African Governors’ Forum of the World Bank.
The President of the World Bank, Ajay Banga, has said that the global Bank can match the drive of Nigerian entrepreneurs.
The World Bank's semi-annual Africa Pulse report warns that Africa risks losing the needed progress it ought to make in the decade.
The World Bank has approved a new $700 million loan to bolster education and empowerment initiatives for adolescent girls in Nigeria.
The World Bank has said the coup in Niger will likely mount additional pressure on the region’s food markets.