The World Bank has said Nigeria and six other countries were responsible for two-thirds of global gas flaring. It said this in a statement titled ‘Seven countries account for two-thirds of global gas flaring’. According Read More
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The World Bank has said the Federal Government of Nigeria is spending $1.5bn (N568.5bn at N379/$ exchange rate) annually to fund electricity tariff shortfalls, the World Bank has said. According to the global Read More
The Nigerian Senate on Tuesday, April 21, approved a total of $1.5billion and €995million external loans for the Federal Government. The Senate said the €995m loan would be used for agricultural mechanization across the 774 LGAs while Read More
The World Bank has said a total of 74 percent of power users in Nigeria are dissatisfied with the supply of electricity across the country. The World Bank also stated that 93 percent of metered power users Read More
The World Bank has warned world leaders to avoid setting very high global minimum tax rates that hinder poor countries’ from attracting valuable investments. The cautioning comes after the US Treasury Secretary Janet Yellen Read More
As at the end of February 2021, banks’ credit to the economy rose to N43.67 trillion from N42.92trillion in January – an addition of N75billion. The Central Bank Governor, Godwin Emefiele, who disclosed said, “Read More
32 states out of the 36 states in Nigeria received N123.348 billion from the Federal Government based on their achievements under the performance-based grant component of the World Bank-assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) programme. Read More
The World Bank has forecasted the number of Nigerians living below the poverty level may hit 100 million by 2022, a 20 million increase of the current figure. Gloria Joseph-Raji, World Bank senior economist, made this known while Read More
The World Bank has said that 43 percent of Nigeria’s population do not have access to electricity, making it the largest energy access deficit country globally. The bank noted that the lack of power is Read More
