World Bank

April 19, (THEWILL) — The Federal Government has dismissed claims suggesting diversion or “hidden spending” of federation revenue, insisting that recent media interpretations of the latest Nigeria Development Update by the World Bank are inaccurate and misrepresent the country’s...

April 15, (THEWILL) — The World Bank Group has launched a major global initiative to improve water security for one billion people by 2030, as part of a coordinated effort to strengthen water systems, support economic productivity and expand...

April 13, (THEWILL) — Nigeria has intensified efforts to strengthen its economic reform agenda and attract global investment, as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, leads the country’s delegation to the 2026 International...

April 11, (THEWILL) — The World Bank has commended the management of the Dangote Group for the foresight it demonstrated in investing in the 650,000-barrels-per-day refinery, which has protected Nigeria against global energy deficiencies from ongoing unrest in the...

April 10, (THEWILL) — Nigeria’s poverty rate rose to 63 percent in 2025, despite a noticeable slowdown in inflation, underscoring the limited impact of macroeconomic improvements on household welfare, according to the World Bank. The figures were published in the...

April 06, (THEWILL) — Nigeria’s labour market continues to tilt sharply against women in formal employment, with only 10.5 percent of employed women engaged in wage and salaried jobs as of 2025, according to the World Bank’s latest...

March 26, (THEWILL) — The World Bank Group says it is stepping up engagement with emerging market economies as the ongoing conflict in the Middle East begins to disrupt commodity markets and global logistics. In a statement, the institution noted...

March 04, (THEWILL) — The World Bank has cautioned that Nigeria and many other developing economies may be heading toward a significant employment crisis as demographic pressures intensify over the next decade. Demographic trends show that about 1.2 billion...

February 19, (THEWILL) — Nigeria’s growing dependence on concessional financing has come into sharper focus as its debt to the World Bank’s International Development Association (IDA) rose to $18.7 billion. For Africa’s largest economy, the figure tells a broader...

February 04, (THEWILL) — President Bola Ahmed Tinubu has told a high-level World Bank delegation that Nigeria’s economic reforms are irreversible and necessary for long-term growth and stability, underscoring the government’s resolve to stay the course despite initial difficulties...