Tag
WORLD BANK
The Bank said that the project would be implemented mainly in Northern states.
FG had raised the value-added tax rate as a way to increase government revenue.
Ahmed urged the CBN to tackle activities that made speculators manipulate the multiple exchange rates.
Since access to finance is a key constraint to SME growth, funding it has become paramount.
The newly created divisions are a sign of the strong commitment of the World Bank to Africa.
Africa will need over $110 Billion in extra funding to deal with the COVID-19 pandemic
The Covid-19 economic lockdown impacted negatively on investor inflow into Nigeria.
World Bank forecasts that the Nigerian economy will shrink between 3.2% and 7.4% this year.
The report estimates that Nigeria’s economy would likely contract by 3.2% in 2020.
The Minister of Finance said it's for States and the Federal Government.
African Finance ministers had asked for debt relief from multilateral Institutions amid the coronavirus crisis.
A series of debt defaults will return Africa to the era of the 90s when poverty was rampant and nations defaulted on debt.