Business

Experts: IMF/World Bank forecast not sacrosanct

Bretton Woods Institutions, the IMF and World Bank, in their reports released recently gave informed opinions on each economy in the face of ravaging Covid-19 just as some Nigerian experts examine some underlining issues, Abdulwahab Isa reports By their admissions last week, world respected financial bodies, International Monetary Fund (IMF) and the World Bank, projected […]

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World Bank: Nigeria must deepen reforms to boost growth, revenues

Nigeria needs to deepen economic reforms and boost government revenues in order to have a sustained recovery from the devastating impact of the coronavirus(Covid-19) pandemic on its economy, the World Bank has said. According to Reuters, the World Bank’s Country Director for Nigeria, Mr. Shubham Chaudhuri stated this in an interview with the news agency […]

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W’Bank approves $750m loan for Nigeria’s power sector

The World Bank has approved a $750 million loan for Nigeria’s power sector, the first release of funds after years of stalled talks over long-term reforms. The World Bank said the aim of the loan was to help Nigeria move away “from highly regressive tariff shortfall financing.” The loan will cut tariff shortfalls, protect the […]

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