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WORLD BANK
Productivity-enhancing structural reforms key to quick economic recovery.
The Cross River State government has received from the World Bank, $20.4 million as grant for the SFTAS programme.
Nigeria's external reserves rose to the highest level since July 2020
The World Bank has revealed plans to invest over $5 billion over the next five years to improve agriculture productivity.
The World Bank's projection for Sub-Saharan Africa (SSA) is expected to grow by 2.7%, while the expected growth for Nigeria is set at 1.1% in 2021.
The President of World Bank, David Malpass, is deeply disappointed over the recent storming of the Capitol by Trump supporters.
Sub-Saharan Africa’s economies dipped by 3.7% in 2020 as a result of the COVID-19 pandemic and lockdown measures.
The World Bank report has stated that the global economy would expand by 4% in 2021.
The World Bank expects growth in Nigeria to resume at 1.1% in 2021 but fears the rebound could be affected by lower oil production due to quotas.
Cross Rivers State has announced that it has received relief materials from the World Bank.
The NIMC has been supported by the World Bank with protective equipment against Covid-19 worth £172m.
The Debt Service Suspension Initiative shall now end in June 2021 as against the earlier deadline of 31st December 2020.