Former Vice President and ADC presidential candidate Atiku Abubakar has challenged President Bola Tinubu’s government over a proposed $1.5 billion World Bank loan. Atiku wants the government to account for existing loans before taking on fresh debt. He made the demand in a statement issued by Phrank Shaibu. Shaibu serves as the Director of Strategic…
Nigeria seeks $1.5bn in new World Bank loans as public debt hits N166.79tn, with funds targeting climate resilience, social protection and children. The Federal Government is seeking fresh $1.5 billion World Bank loans as Nigeria’s public debt hits a record N166.79 trillion. The proposed loans will fund climate resilience, social protection and early childhood development….
The World Bank says about 79% of Nigerians are either poor or at risk of falling into poverty despite recent economic reforms. The finding appears in its new Country Partnership Framework for 2026–2032. While the reforms have improved key economic indicators, many families are yet to feel the benefits. The Bank estimates that 139 million…
Anna Bjerde, managing director of operations at the World Bank, says Nigeria has become a frequent global reference point for economic reforms. Bjerde spoke on Tuesday during a special visit to President Bola Tinubu at the State House in Abuja. World Bank Praises Reform Direction Bjerde said Nigeria often comes up in her discussions with…
The World Bank recently upgraded its forecast for Nigeria’s economy. Experts now expect the country to achieve 4.4 percent growth in 2026 and 2027. This marks the fastest expansion since the early 2010s. Upgraded Projections Signal Confidence The World Bank raised Nigeria’s 2026 growth estimate from 3.7 percent to 4.4 percent. Additionally it adjusted the…
