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 ...
•Tinubu and World Bank logo The World Bank has issued a stark warning that Nigeria and many other developing economies could face a severe employment crisis over the next decade, driven by rapidly rising youth populations and insufficient job creation. In a blog post published on its official platform, the Washington-based institution highligh...
The World Bank and the International Monetary Fund (IMF) yesterday urged decisive measures to further reduce inflation in order to translate economic gains into tangible improvements in household welfare. The global lenders and development partners admitted that macro-economic gains are being recorded on the strength of reforms but declared th...
•Tinubu and World Bank logo The World Bank has warned that Nigeria and other Sub-Saharan African countries must initiate export diversification and fiscal reforms to address their rising debt challenges. This was contained in its just-released International Debt Report 2025. The report, which highlights Sub-Saharan Africa as an outlier where d...
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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