Tag: World Bank
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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...
World Bank: 14 Million More Nigerians Live In Poverty As A Result Of Stagnant Labour Wages
An additional 14 million Nigerians are predicted to fall into poverty in 2024 as a result of stagnant labor wages.
The Macro Poverty Outlook: Country-by-Country...
World Bank: Only 4.1% Of Nigerians Of Working Age Are Impacted By The New Minimum Wage Increase
Nigeria's new minimum wage hike will only help a small portion of the population, according to the World Bank, affecting only 4.1% of Nigerians...
