World Bank Plans to Expand Affordable Digital Access
By Zainab Bakare The World Bank has unveiled a strategy to expand internet access, lower digital connectivity costs and improve access to online services in developing countries. World Bank President, Ajay Banga, said digital technology could help countries create jobs, improve productivity and make better use of limited resources. In a statement on Monday, Banga […]
FG Seeks $1.5bn World Bank Loans
By Julian Osamoto The Federal Government is seeking $1.5bn in fresh World Bank financing for climate resilience, social protection and early childhood development as Nigeria’s public debt rises to a record N166.79tn. World Bank documents show that the proposed financing comprises three separate $500m facilities, with the projects at different stages of preparation and approval. […]
Customs, World Bank Boost Revenue Reforms
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has partnered with the World Bank Group to deepen revenue assurance, strengthen compliance management, and enhance trade facilitation through a comprehensive two-week technical assistance programme focused on modern Post Clearance Audit (PCA) practices. The initiative, implemented under the Accelerated Revenue Mobilisation Reform (ARMOR) Programme, commened in Abuja […]
FG Nears Fresh $1.25bn World Bank Loan Deal
By Sofiat Adenekan-Abdul The Federal Government is moving closer to securing a fresh $1.25 billion loan from the World Bank as efforts intensify to support ongoing economic reforms, stimulate job creation, and improve Nigeria’s business competitiveness. The proposed facility, titled Nigeria Actions for Investment and Jobs Acceleration, has advanced to a critical stage in […]
Nigeria Rejects IMF Bailout, Backs Homegrown Reforms – Edun
By Oluwakemi Kindness Nigeria has ruled out seeking financial support from the International Monetary Fund IMF, expressing growing confidence in its homegrown economic reforms. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known while addressing African finance ministers on the sidelines of the IMF/World Bank Meetings in Washington. A […]
Edun Reaffirms Nigeria’s 7% GDP Growth Target
By Oluwakemi Kindness The Federal Government has restated its ambition of growing Nigeria’s economy by as much as Seven percent in the medium term. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, gave the assurance in Abuja, at the weekend, during a meeting with the World Bank Executive Director for the Angola–Nigeria–South […]