The World Bank on Tuesday clarified that the 800 million dollar loan from the bank was approved as of December 2021, a time when the government of Muhammadu Buhari contemplated…
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Tag: #World Bank
World Bank hails subsidy removal, forex unification, says measure painful but key to rebuilding economy
The World Bank on Tuesday threw its weight behind the decision by the federal government to remove subsidy on petrol and the unification of the exchange rate regime. The bank’s…
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Report: NBS/World Bank study to reveal ‘sharp drop’ in Nigeria’s unemployment rate
A World Bank/National Bureau of Statistics (NBS) study using recent International Labour Organisation (ILO) guidelines for computing labour force statistics is set to reveal a sharp drop in Nigeria’s unemployment…
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World Bank worried over economic effects of Naira redesign
The World Bank has expressed concern over the economic impact of the recent naira redesign on Nigerian households and businesses. The newly designed N1,000, N500, and N200 notes were unveiled…
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World Bank lists 10 reforms for rapid economic transformation of Nigeria
The World Bank has said that Nigeria has vast potential but her growth has been stagnant in the past decade. In its latest report titled, ‘Nigeria country economic memorandum: charting…
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