•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...
•Tinubu and World Bank logo The World Bank yesterday approved a $500 million financing package for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. A statement by the Bank said the operation under the Fostering Inclusive Finance (FINCLUDE) comprises a $400 million International Bank for Reconstruction and Development (IBRD) loan and a ...
•Tinubu and World Bank logo Nigeria’s barely 0.14 per cent budgetary allocation of its Gross Domestic Product on social protection is far below the global average of 1.5 per cent and the Sub-Saharan African average of 1.1 per cent, and has had no effect on poverty, so far. The World Bank, in a new report […]
•Tinubu and IMF logo Nigeria walked a fine line between applause and anxiety at the 2025 Annual Meetings of the International Monetary Fund (IMF) and World Bank, as the country’s reform momentum drew commendation from global financiers, while fiscal, debt, and oil-sector concerns triggered calls for vigilance and deeper discipline. The IMF, in...
•Malema and World Bank headquarters in Washington, DC South African opposition leader, Julius Malema, has cautioned the continent against loans from Brentwood organisations and others, warning that such moves can undermine Africa. Malema spoke yesterday in Enugu as a keynote speaker during the opening ceremony of the Nigeria Bar Association (N...
•Tinubu and World Bank logo The World Bank has approved an additional $65 million loan for Nigeria to support the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) project, increasing the total financing for the initiative to $145 million. The approval was granted on June 24, 2025, according to details posted on...
The World Bank is re-entering the nuclear energy space “for the first time in decades,” its President Ajay Banga said Wednesday, as it works towards meeting growing electricity demand in developing countries. Banga said in an email to staff that the bank will work closely with United Nations nuclear watchdog the International Atomic Energy Age...
•Tinubu and World Bank logo The federal government is expected to lose $4 million from a World Bank loan after failing to meet auditing standards on a key revenue reform covering the Federal Inland Revenue Service and the Nigeria Customs Service. The fund formed part of the $103m Fiscal Governance and Institutions Project, a public […]...
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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