A combination of rising interest rates and lack of sufficient affordable capital from the World Bank is increasing economic pressures on vulnerable countries already at high risk of debt distress, a report by ONE Campaign has shown.
The ONE Campaign has called on the World Bank President, Ajay Banga, in his visit to Nigeria to utilise key reforms plan to increase access to sustainable finance for vulnerable countries, particularly in Africa. ONE Campaign is an advocacy organisation of about nine million people taking action to end extreme poverty and preventable disease, particularly…
● Nigeria’s debt stocks have grown nearly three times faster than its revenue between 2014 and 2021 (20% vs 7%). ● Debt service consumed 91% of government revenues in 2021, up from 29% in 2014. ● Fiscal deficit increased sevenfold between 2014 and 2021, from N881 billion to N6.44 trillion. The ONE Campaign calls on…
The Nigeria Startup Act Secretariat collaborates with ONE Campaign, state governments to fastrack adoption of Startup Act
The Nigeria Startup Act Secretariat has partnered with ONE Campaign to engage state governments across Nigeria on the adoption of the Nigeria Startup Act. In the first phase of the engagement, the Secretariat will organise ecosystem events in six states - Kwara, Ondo, Osun, Kano, Jos and Oyo - to consult with critical startup stakeholders,…