•World Bank headquarters in Washington, DC The World Bank has warned that developing countries face a potential shortfall of 800 million jobs over the next 10 to 15 years, urging governments to accelerate investment and reforms to create employment opportunities for young people. The President of the World Bank Group, Ajay Banga, gave the warn...
•Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele Tinubu-led federal government’s economic recovery is gaining strength, but improved revenues and macroeconomic indicators have yet to translate into stronger social outcomes for citizens, the federal government and World Bank have said. Meanwhile, the Arewa Consult...
•Tinubu and World Bank logo The Allied Peoples Movement, APM, has urged the World Bank and other international lenders to withhold fresh loans to the President Bola Tinubu administration, saying further borrowing would mortgage the future of Nigerians. The call came against the backdrop of the proposed $1.5 billion World Bank credit, with the ...
The World Bank today called on developing countries to embrace artificial intelligence technology tools to deliver better governance outcomes, warning that they risked being left behind if they failed to do so. “AI has thrown developing economies a lifeline, and they should seize it,” Indermit Gill, chief economist of the World Bank Group, sai...
•Governor Umo Eno and World Bank headquarters TONY UDOH, Uyo reporting Akwa Ibom State governor, Pastor Umo Eno, has disclosed that the World Bank – assisted State Action on Business Enabling Reform (SABER) Programme, has rewarded the state with $ 6.2 million for transparency, budgetary performance and good governance for the Year 2024. ...
The World Bank will phase out its lending to China by 2031, according to the organisation’s new country partnership framework, a source familiar with the matter told our correspondent yesterday. The source confirmed an earlier report of the development by the Financial Times. “China has made significant development advances over the past sever...
•Tinubu The federal government has stepped up engagement with the World Bank for a fresh $1.25bn loan to support economic reforms, job creation, and competitiveness, as findings by our correspondent showed that the facility has reached a critical stage in the lender’s approval process. The proposed loan, titled Nigeria Actions for Investment a...
•Tinubu and World Bank logo The federal government’s capital spending dropped by N1trillion in 2025 as rising recurrent expenditure squeezed fiscal space, the World Bank has said. The bank disclosed this in its April 2026 Nigeria Development Update titled “Nigeria’s Tomorrow Must Start Today: The Case for Early Childhood Development.” It state...
•Tinubu and World Bank logo Poverty in Nigeria rose to 63 per cent in 2025, despite a slowdown in inflation, indicating the limited impact of recent macroeconomic improvements on household welfare, the World Bank has said. The bank disclosed this in its Nigeria Development Update (April 2026) titled “Nigeria’s Tomorrow Must Start Today: The Ca...
•Tinubu and World Bank logo The World Bank has cautioned the Tinubu-led federal government against embarking on flamboyant spending as Nigeria reaps bountifully from higher oil prices driven by the ongoing war in the Middle East. With the shortage of petroleum products due to Iran’s closure of the Strait of Hormuz, Africa’s richest man, Aliko ...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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