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WORLD BANK
The World Bank has advised Nigeria to increase its oil revenues to stabilize the country's economy.
Those who migrated from low-income to high-income countries stood to benefit the most from their choice to migrate as well as the United States.
The World Bank says that the Nigerian government spent 96.3% of its revenue on debt servicing in 2022 with the constant fiscal deficit worsening the country’s public debt stock.
World Bank Group's President, David Malpass, has forecast that growth in developing countries will slow down to 3.1% in 2023.
The World Bank supports the use of natural gas and renewable energy to close electricity gaps in African countries.
the World Bank said that Nigeria’s economy will be driven by the non-oil sector as oil production is projected to remain subdued in 2023 due to several factors.
The Federal Government is set to disburse $800 million from the World Bank to provide post-petroleum subsidy palliatives to over 50 million Nigerians.
The World Bank provides knowledge and financing to help close the global digital divide and make sure countries can take full advantage of the ongoing Digital Development revolution.
Research shows that wealth is more evenly distributed in Nigeria under civilian rule than under the military.
Nairametrics' Founder and Chief Analyst, Ugochukwu Obi-Chukwu, has highlighted thirteen key industries to watch out for in Nigeria in 2023.
The World Bank has projected that Nigeria's economy will decelerate to 2.9% in 2023 due to oil sector weakness
Policy uncertainty sustained high inflation and rising incidence of violence are anticipated to temper growth.