W’Bank report rubbishes FG’s ERGP as economy remain on slipping spree
More economic development analysts have continued to review the latest World Bank Report on sub-Saharan economies and mainly the still fragile oil price driven Nigerian economy. Key pronouncements of the Report on the Nigerian economy are as follows: “In Nigeria,…
(Special Report): Conflicting reports on Nigeria’s economic outlook frustrating investors’
In the last two quarters, there had been rising number of forecasts coming from both recognized and unrecognized bodies on the futuristic performance and economic outlook of the Nigerian economy and no two of the forecasts are the same. The…
Nigeria missing in W’Bank, IMF fastest growing economies in Africa 2018
…As States debt profiles become mind-boggling Latest World Bank and International Monetary Fund (IMF) ranking on Africa’s fastest growing economies 2018 has shown that Nigeria has left top ten contenders to hide at number 41. This is as Anambra State…
W’Bank concludes projects review visit in Nigeria, mute on Kim’s comment in Oct. 2017
The recent high caliber delegation from the World Bank has been rounded off by the 10 man mission without giving any sign that their visit was partly to find out if the pronouncement of the bank’s President Mr. Jim Yong…
TCN records 6 systems collapse leading to damage of nine vital components
At a time the World Bank has agreed to revive Nigeria’s power transmission systems to halt grid collapse and power failure, indications have emerged that the nation’s epileptic power situation is getting no better as Transmission Company of Nigeria (TCN),…
W’Bank silent on regions that’ll gain from N107.4bn rural electrification loan
The World Bank had last month, announced the provision of a $350m loan (N107.4bn at the official exchange rate of N307 to a dollar) for the development of rural electrification projects in Nigeria, but was economical with words on which…
Fears as W’Bank pulls out from funding oil, gas exploration for renewable energy
Nations leaving on oil and gas revenues including Nigeria may from 2019, begin to look for deep pockets assistance, than the World Bank as it has announced ending any form of assistance in oil and gas exploration and extraction from…
N800m facility to each state, a necessary but avoidable evil—World Bank
Barely few days after the federal government doled out N800m each to 28 cash-strapped states to pay backlog of salaries, the World Bank has called for caution, saying with the shortfall in revenue, fiscal pressure persists at state levels, putting…
W’Bank lists areas Nigeria improved in ease of doing business
Following the recent release of the World Bank’s Ease of Doing Business Report for 2018 which placed Nigeria in the 145th position after a 24-step rise, the bank has released the areas that saw meaningful reforms within the period. Nigeria…
W/Bank’s report faults non privatization of transmission segment of power sector
Latest report of the World Bank on power in Africa has faulted federal government’s idea of not involving private participation in transmission infrastructure, saying the segment is in need of massive investment which only the private sector can provide. The…
