An estimated 47 per cent of Nigerians now live in poverty or below the international poverty line of $2.15 as economic

The idea of monetization policy by the Nigerian Government has been described as terrible advice taken from the World Bank. Director of Abuja School of Social and Political Thought, Dr. Sam Amadi, stated this in his keynote address at the sixth annual public lecture of JustFriends Club of Nigeria held in Abuja on Tuesday. Amadi,…

Former Independent National Electoral Commission (INEC) Chairman, Attahiru Jega, has cautioned the Nigerian government against blindly following the advice of 'Bretton Woods institutions,' particularly the World Bank and International Monetary Fund (IMF). Jega gave this advice on Wednesday while speaking at the Chartered Institute of Directors of Nigeria's (CIoD) 2024 Annual Directors' Conference. He argued…

ActionAid has said that the 2024 International Monetary Fund (IMF) and World Bank Annual Meetings in Washington, D.C., were a damp squib that failed to address the growing debt crisis burden and other issues affecting people living in poverty. The organisation, in a statement, said the IMF’s forecasts of high debt and slow growth—especially among…

The Peoples Redemption Party (PRP) has urged President Bola Tinubu to jettison economic policies recommended by the World Bank and the International Monetary Fund. PRP stressed the need for the president to embrace homegrown measures that reflect the realities of Nigerians. The party described the twin policies of currency devaluation and removal of subsidies as…

The Federal Government says it is requesting the World Bank to support the extension of the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) programme with an additional $500 million. The Permanent Secretary, Ministry of Budget and Economic Planning, Dr. Emeka Vitalis Obi, who disclosed this at the opening of the national peer learning…

“The World Bank is not the most popular organisation in Nigeria right now,” the beginning of the opening remarks of the World Bank Country Director for Nigeria, Ndiame Diop, at the unveiling of the Nigeria Development Update Report, recently, aptly captured the perceptions of Nigerians towards the Bretton Wood institution.

Despite significant investments, including the World Bank’s recent power infrastructure financing, the country is struggling to achieve a stable electricity supply, a challenge that has far-reaching effects on Band A customer

Kwara State Governor AbdulRahman AbdulRazaq has inaugurated the construction, rehabilitation, and upgrade of rural roads totalling 209.77km, as part of his administration’s commitment to enhancing infrastructure and improving food security in the state. The projects, launched on Monday, are designed to connect the state’s agricultural hinterlands to urban markets, thereby promoting rural development and economic…

Overshadowed by international crises, the International Monetatry Fund (IMF) and the World Bank annual meeting is due to start on Monday in the U.S. capital, Washington. The meeting is to bring together finance ministers, representatives from the financial sector and development cooperation, as well as central bankers. The discussions, set to run until Sunday, are…

Between 2015 and 2022, Nigeria witnessed a reversal of economic gains, as recorded by Presidents Olusegun Obasanjo, Umaru Yar’Adua, and Goodluck Jonathan between 1999 and mid-2015.

The pan-Yoruba socio-cultural and political organization, Afenifere, on Saturday, urged the federal government to be cautious of recent advice from the World Bank (WB), which suggested reducing support for social services in Nigeria. The group noted that countries that adopted prescriptions from the World Bank and the International Monetary Fund (IMF) often ended up in…