The World Bank has increased its projection for Nigeria’s economic growth rate for 2026 to 4.4 percent from the 3.7 percent forecasted in June 2025. World Bank announced the increase in its 2026 ‘Global Economic Prospects’ report on Tuesday. The global financial institution also upgraded Nigeria’s economic growth rate for 2027 to 4.4 percent from […]
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), is set to lead Nigeria’s delegation to the World Bank and International Monetary Fund (IMF) annual meeting in Washington, DC, United States, as Wale Edun, the minister of finance, has been ruled out due to illness, TheCable understands. In a statement on Sunday, Bayo Onanuga, […]
The African Democratic Congress has called on President Bola Tinubu to accept the World Bank’s latest report, which reveals that 139 million Nigerians now live below the poverty line, as an undeniable verdict on his administration’s failed economic policies. The ADC National Publicity Secretary, Bolaji Abdullahi, said the report exposed the widening gap between government […]
The World Bank on Wednesday said despite the economic reforms of the Federal Government, 139 million Nigerians still live in poverty. The World Bank’s Country Director for Nigeria, Mathew Verghis, stated this at the launch of the Nigeria Development Update (NDU) report in Abuja, the nation’s capital. Verghis commended the government for taking some steps […]
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