Tag: World Bank

  • Lack of policy direction by FG weakens Nigeria’s economic outlook, says World Bank

    Lack of policy direction by FG weakens Nigeria’s economic outlook, says World Bank

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    by

    Starnews NG
    in

    Uncertainty over the direction of the Federal Government’s policies has weakened Nigeria’s economic outlook, according to the World Bank’s January 2020 Global Economic Prospects report. The World Bank in the report projected that the Nigerian economy would grow by 2.1 per cent this year. The projected growth rate was described as ‘subdued’. The predicted growth…

  • Nigeria Loan Portfolio With World Bank Rises To $8.67bn

    Nigeria Loan Portfolio With World Bank Rises To $8.67bn

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    by

    Starnews NG
    in

    Investigation conducted by the Punch Newspaper shows that World Bank loan portfolio in Nigeria now stands at $8.67bn.  Loans from the International Development Association, one of the three arms of the World Bank, make up $8.55bn of the portfolio. Loans from the International Bank for Reconstruction and Development, another arm of the Breton Woods institution,…