Tags :World Bank
The latest projection by the World Bank has shown that debt servicing will gulp 123.4 per cent of the Federal Government’s revenue in 2023. The projection was made by the new World Bank Lead Economist for Read More
The World Bank has said that Nigeria’s debt service to revenue ratio could stand at 102.3 percent by the end of 2022. The Washington-based bank said this in its latest Africa’s Pulse report, which is Read More
At the beginning of the year, Statista released a report forecasting the unemployment rate in Nigeria for 2022. The report estimated the unemployment rate in the year at nearly 33%, a 0.5 increase from the previous year at 32.5%. Read More
According to the World Bank Fiscal Year 2022 audited financial statements, Nigeria was rated fourth on the International Development Association borrowers’ list with $13bn IDA debt stock as of June 30, 2022. The country moved up from Read More
According to the World Bank, the number of Nigerians with accounts at regulated institutions increased by 16 percent to 45 percent in 2021. These institutions include such as a bank, credit union, microfinance institution, post office, or mobile Read More
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The National Bureau of Statistics has reported that the country’s Gross Domestic Product increased by 4.03 percent in the third quarter of 2021. This is contained in its Gross Domestic Product Report Expenditure and Income Approach Read More
The World Bank has said that ten countries, including Nigeria, account for 75 percent of global gas flaring. The other countries include Russia, Iraq, Iran, the United States, Venezuela, Algeria, Mexico, Libya, and China. This was Read More
About 23 million Nigerians were pushed into a food crisis due to the impact of the COVID-19 pandemic-induced inflation in 2021. The World bank said this in its latest Commodity Markets Outlook report in reference to the Read More
