Tag: World Bank
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Dangote Appointed to World Bank Investment Lab
President and Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab.
His appointment is...
IMF Urges Nigeria to Improve Fiscal Discipline and Boost Revenue for Long-Term Economic Growth
At the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank, held in Washington, D.C., the IMF called on Nigeria...
Nigeria’s Power Generation Stays At 4,500MW Amid $3.2b Loan
Nigeria has borrowed over $3.23 billion over the previous four years to address its electrical difficulties. Yet, the country can still not generate more...
World Bank: Developing Countries Spent A Record $1.4 Trillion Servicing Debt In 2023
The World Bank's most recent International Debt Report found that developing nations spent a record $1.4 trillion on foreign debt servicing in 2023, driven...
Nigeria’s Middle-Class Shrinks Amid Rising Inflation
The middle class has long been considered a pillar of economic progress and stability in any community. However, as rising inflation and stagnating salaries...
