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WORLD BANK
Global commodity prices are on track to fall to their lowest levels to their lowest level of the 2020s, according to the World Bank’s latest Commodity Markets Outlook.
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has called on the Federal Government to take urgent and decisive action to combat the escalating poverty crisis in Nigeria.
The World Bank has committed to strengthening its partnership with Nigeria, aimed at improving the country's Human Capital Index.
Nigeria’s current account surplus is projected to increase from 9.2% of GDP in 2024 to 9.4% by 2026, according to the World Bank’s April 2025 Africa’s Pulse Report.
Nigeria is home to 19% of the extremely poor population in sub-Saharan Africa, the highest share across the region, according to the World Bank’s April 2025 Africa’s Pulse report.
The World Bank has projected that Nigeria’s economy will grow by 3.6% in 2025, building on an estimated 3.4% expansion in 2024, as reforms begin to show signs of stabilising the macroeconomic environment.
Nigeria’s gross foreign exchange (FX) reserves fell by $2.57 billion from January to March 2025, marking a 6.29% decrease over the three-month period.
The World Bank has approved three financing operations totalling $1.08 billion to support education, nutrition, and economic resilience in Nigeria.
The World Bank has approved a $500 million loan to Nigeria to support the country’s Community Action for...
The World Bank has recommended that Nigeria invest between $10 million and $15 million annually to upgrade its national statistical system and bring it in line with countries like Brazil, South Africa, Mexico, and Colombia.
The Federal Government of Nigeria is currently in discussions with the International Finance Corporation (IFC), a member of the World Bank Group, to explore capital market and funding options for infrastructure development through Public-Private Partnerships (PPP).
The Federal Government has stated that over 150 million Nigerians have already been connected to electricity, with ongoing efforts to provide access to the remaining 86 million people who are yet to be electrified.