Tag Archives: Shubham Chaudhuri

ICYMI: World Bank Predicts Nigeria’s Recession Could Last For Three Years

The World Bank has said that Nigeria’s current recession might last up to 2023, unless the current reforms is sustained and the right mix of policy measures is implemented. In a World Bank Nigeria Development Update (NDU) report tagged “Rising to the Challenge: Nigeria’s COVID response”, the international financial agency on Thursday noted that the “average Nigerian could…

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World Bank Grants $750m Loan For Improvement Of Nigeria’s Power Sector

The World Bank has International Development Association credit worth $750m for Nigeria’s Power Sector Recovery Operation to improve electricity supply, SaharaReporters reports. The international financial institution, in a statement on Tuesday,  said the loan was for the power sector recovery operation to achieve financial sustainability and enhance accountability in the sector. It explained that about…

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