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Poor electricity costs Nigeria N10.1tn annually – World Bank
World Bank said unreliable power supply in Nigeria has caused a huge economic losses, estimated at N10.1tn annually.The bank said, “Ensuring access to reliable electricity...
World Bank approves $750m power sector recovery operation for Nigeria
The World Bank has approved a 750 million dollars International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity...
World Bank to have COVID-19 related projects in 100 countries by end of April
The World Bank Group says it will have COVID-19-related projects in 100 countries by the end of April.The Bank’s President, David Malpass, said...
COVID-19: World Bank foresees Sub-Sahara Africa’s 1st recession in 25 years
The World Bank Group says Coronavirus (COVID-19), is taking Sub-Saharan Africa towards its first recession in 25 Years.The bank stated this in a statement...
World Bank releases $82m support to strengthen Nigerian public health response
The World Bank Group has released 82 million dollars for immediate support in strengthening the public health response through the Regional Disease Surveillance System...
Developing economies expected to rise by 4.1% in 2020 –World Bank
The World Bank says due to growth in emerging market, developing economies are expected to accelerate to 4.1 per cent in 2020.The bank made...
Business in Africa’s largest economy is becoming easier: A critical review of World Bank Report
By Jennifer Y OmiloliAccording to the World Bank, the notorious challenges of doing business in Nigeria are slowly becoming simpler.Nigeria is ranked 131 out...
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