The Centre for the Promotion of Private Enterprise (CPPE) has strongly criticised the World Bank’s recommendation that Nigeria should increase the importation of petroleum products and food, warning that such a move could reverse recent economic gains and weaken the country’s push for self-sufficiency. In a statement issued on Sunday, CPPE Chief Executive Officer, Dr …
The World Bank has described Nigeria as a global example of steady and credible reform leadership, citing the country’s consistency in implementing economic changes despite ongoing challenges. The Bank’s Managing Director of Operations, Anna Bjerde, remarked during a meeting on Tuesday with President Bola Tinubu and Vice President Kashim Shettima at the State House in …
States seeking access to the World Bank-assisted Human Capital Opportunities for Prosperity and Equity (HOPE-GOV) funds must publicly disclose details of their education and primary healthcare contracts, the Federal Ministry of Budget and Economic Planning has said. The new requirement, according to the ministry, is aimed at strengthening transparency and accountability in the use of …
Nigeria’s President, Bola Tinubu, has highlighted what developing countries need to give full commitment to the realization of the global climate sustainability agenda. President Tinubu, who spoke on Tuesday, January 13, at the ongoing Abu Dhabi Sustainability Week (ADSW), holding in Abu Dhabi, the United Arab Emirates (UAE), said Nigeria aligns with the global community, …
Nigeria leads Africa’s fast-growing digital payments space as instant payment transactions climbed close to $2 trillion in 2024. This is according to the new report, "State of Inclusive Instant Payment Systems (SIIPS) 2025," released by the AfricaNenda Foundation in partnership with the World Bank and the United Nations Economic Commission for Africa (UNECA). The report …
Nigeria’s borrowing exposure to the International Development Association (IDA), a member of the World Bank, has risen to $18.5 billion amid worries over the federal government's borrowing spree. The IDA revealed this in its recent unaudited financial statements for the third quarter of 2025. IDA, a development finance institution, offers concessional loans and grants to …
The World Bank has raised concerns over the inefficiency and poor targeting of Nigeria’s social safety net programmes, revealing that less than half of total benefits actually reach poor households despite the majority of beneficiaries being from low-income backgrounds. In its latest report titled “The State of Social Safety Nets in Nigeria,” the global financial …
A new national study has revealed a marked decline in girl child marriage in Nigeria, with the average prevalence across the country falling from 44 per cent to 28.6 per cent. The findings are contained in The State of the Nigerian Girl Report II 2025, compiled by consultant Austine Mamedu and supported by Save the …
The International Monetary Fund (IMF) has commended Nigeria's decisive monetary and fiscal reforms, acknowledging their positive impact on stabilising the economy, reducing inflation, and bolstering foreign exchange reserves. At the launch of its latest World Economic Outlook (WEO), the IMF revised Nigeria's growth forecast upward, predicting a 3.9% growth in 2025 and 4.2% in 2026. …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, would lead Nigeria's delegation to the World Bank and International Monetary Fund Annual Meeting in Washington, DC. The meeting opens on Monday, October 13, according to a statement on Sunday, October 12 signed by the Special Adviser to the President on Information and Strategy, …
