How CBN intervention funds fuel inflation – World Bank
The World Bank has advised the Central Bank of Nigeria (CBN) to slow down on continued provision of subsidised funding ...
Tag: World Bank
Nigeria spends more on subsidy than health, education – World Bank
The World Bank has decried Nigeria's spending on petrol subsidy, which it said had exceeded the government’s spending on health, ...
Ukraine war: More Nigerians to become extremely poor – World Bank
Extreme poverty would further envelope Nigeria and its neighbors in Sun-Saharan Africa due to Russian- Ukraine conflict, among others, the ...
Only 11% of Nigerians have access to clean cooking fuel – World Bank
The World Bank has said only 89 percent of Nigerians don’t have access to clean cooking fuel. The bank revealed ...
Nigeria’s economy to grow 2.5% in 2022 – World Bank
Nigeria's economy has been projected to experience 2.5 per cent growth in 2022 by the World Bank. This shows a ...
World Bank: 8m Nigerians pushed into poverty in 2021
Nigeria may have one of the highest inflation rates globally and the seventh highest among Sub-Saharan African countries in 2022, ...
World Bank rolls out N329bn cash transfer scheme in Nigeria
The World Bank has said it is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund ...
World Bank to FG: Impose special taxes on alcohol, cigarettes
The Federal Government should impose special taxes on alcohol, cigarettes and sugar-sweetened beverages to improve primary healthcare. This was disclosed ...
CBN forex policies causes fuel inflation – World Bank
The World Bank has attributed the declining foreign investment to the country and fuel inflation to inconsistencies in the exchange ...
Economic activities drop 50% in Northeast over Boko Haram – World Bank
A new report by the World Bank has revealed that the destruction caused by activities of the Boko Haram sect ...