World Bank Archives - News Desk Nigeria

Federal Government Rejects Claims Of Hidden Spending, Says World Bank Report Misinterpreted On Revenue Deductions

NewsDeskNgApr 20, 2026April 20, 20260

FG dismisses allegations of revenue diversion, insisting World Bank report was misinterpreted and deductions are legitimate fiscal allocations. The federal government has debunked recent media reports and commentaries that purport to misrepresent the findings of the latest World Bank Nigeria Development Update (NDU), particularly claims suggesting that a significant portion...

World Bank Pulls Nigeria Report, Clarifies Position On Petrol Importation

NewsDeskNgApr 11, 2026April 11, 20260

World Bank removes Nigeria report from website, clarifies petrol import stance, emphasises social protection and gradual transition to competitive market. The World Bank has removed its latest Nigeria Development Update (NDU) report from its website, days after its initial publication, even as the Washington-based institution moved to clarify its position on petrol...

World Bank Cuts Nigeria 2026 Growth Forecast To 4.1% On Weak Investment, Structural Constraints

NewsDeskNgApr 9, 2026April 9, 20260

World Bank trims Nigeria’s 2026 growth outlook to 4.1 percent, citing structural challenges, weaker investment and global uncertainties. The World Bank has downgraded Nigeria’s economic growth projection to an average of 4.1 percent in 2026, down from its earlier estimate of 4.4 percent. In October 2025, the global lender had...

World Bank Urges Nigeria To Save Oil Windfall, Rebuild Buffers Amid Inflation Risks

NewsDeskNgApr 8, 2026April 8, 20260

World Bank advises Nigeria to save oil windfall, rebuild buffers, curb inflation, warns of worsening child development crisis. The World Bank has prescribed some policy responses for Nigeria in the wake of the ongoing conflict in the Middle East, including fiscal discipline, rebuilding fiscal buffers, and saving from the oil...

World Bank, Access Bank CEO Say Recapitalisation Will Boost Private Sector Credit

NewsDeskNgFeb 15, 2026February 15, 20260

World Bank director Verghis and Access Bank CEO Ogbonna predict recapitalised banks will increase lending, strengthen liquidity, and drive economic growth across Nigeria. World Bank Country Director for Nigeria, Mr. Matthew Verghis, on Thursday declared that the ongoing recapitalisation of the banking industry will strengthen banks’ position to increase lending...

Let’s breathe freely – NLC slams IMF, World Bank for disowning subsidy removal advisory

NewsDeskNgOct 28, 2024October 28, 20240

The Nigeria Labour Congress has asked the International Monetary Fund and the World Bank to stop stiffening Nigeria with its policy advisories described as ‘insincere’. The NLC president disclosed this in a statement on Sunday. This comes amid a statement attributed to the IMF’s African Region Director, Abebe Selassie, during...

World Bank tasks developing countries on logistics performance

NewsDeskNgApr 22, 2023April 22, 20230

The World Bank on Friday released its 2023 Logistics Performance Index (LPI) report, urging developing economies to boost their economic growth through improvements in logistics for goods transportation. The report is a measure of countries’ ability to move goods across borders with speed and reliability. This is contained in a...