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WORLD BANK
International financial institution, the World Bank has faulted Nigeria's apex bank in the way it has managed exchange rate.
The latest World Bank Nigeria Development Update revealed that rising inflation has pushed an estimated 7 million Nigerians below the poverty line in 2020 alone.
The World Bank has said that the global economy is expected to expand 5.6% in 2021, forecasting that Nigeria's economy will grow by 1.8% for the period.
The FG needs to reassess this so-called Ease of Doing Business from the entrepreneurs’ perspective.
The World Bank has approved $700 million credit to Nigeria's SURWASH Program to aid access to potable water and improved sanitation services.
The decline in recorded remittance flows in 2020 was smaller than the one during the 2009 global financial crisis at 4.8%.
The NBS disclosed that the World Bank did not dispute its employment statistics data collection as claimed by the Minister of Labour, Chris Ngige.
Nigeria and 6 others have been listed by the World Bank as top gas flaring countries in the world in the past decade.
About 82% of consumers are unaware of tariff band classifications.
Kogi Government has signed two separate subsidiary loan agreements with the World Bank and IFAD.
The World Bank would be committing an additional $15billion by June 2021 as part of its COVID-19 intervention efforts.
The Bank expects to deploy up to $160 billion over 15 months through June 2021 to support countries’ responses to COVID-19.