World Bank identifies key bottlenecks before Nigeria in implementing AfCFTA
Though Nigeria may have signed the African Continental Free Trade Area (AfCFTA) agreement, it may not enjoy the benefits of the deal if three of the major technical challenges that need serious consideration...
Bayelsa SEEFOR applauded for accountability
The World Bank and European Union (EU)-assisted State Employment and Expenditure For Results (SEEFOR) project in Bayelsa State has been applauded for ensuring transparency
‘We need homegrown solutions to harness informal economy’s benefits’
I think globally, there is a slow-down and the world itself is not looking very buoyant and I think it is at times like this that I to thank God that we have the kind of digital technology that allows us to leapfrog a lot of problems.
World Bank lists 40 economies with reforms on women empowerment
The regulatory environment for women’s economic participation has improved over the past two years, but Nigeria is missing mention among 40 countries that enacted 62 reforms that will help women.
World Bank puts Nigeria’s growth at 2.1 per cent in 2020
The World Bank Group, yesterday, raised Nigeria’s growth expectations in 2020 to 2.1 per cent, describing it as an “edge up”, a development that confirms the country’s continued stay in sluggish economic path for another calendar year.
Before Nigeria sinks deeper into poverty
The World Bank’s latest Economic Update on the Nigerian economy, which indicated that the poverty rate in Nigeria could even worsen beyond what it currently is, except a new trajectory...
Massive debt wave could crash on developing countries, World Bank warns
A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis
Mini-Grid brings new lease of life for Rokota Community
A first-of-its-kind mini-grid of 64kw solar hybrid and 60kwh of battery storage through the Federal Government’s Nigeria Electrification Project (NEP) has begun to change the lives of people in rural communities.
Nigeria's rise in the World Bank's Doing Business ranking does not reflect the country's reality
The World Bank released its Doing Business 2020 report and Africa's economic powerhouse, Nigeria, was ranked among the most improved countries. It ranks 131st among 194 countries observed; it moved 15 spots from the 146th placement in the 2018 ranking. This is good news, of course, except that it does not reflect the true economic…