•Senator Ali Ndume Senator Ali Ndume is a Senator representing Borno South Senatorial District. In this interview with Daily Independent, he speaks on President Bola Tinubu’s cabinet reshuffle, the Tax Reform Bill before the National Assembly, need for the government to cut the cost of governance, why the prescriptions of International Monetar...
•Tinubu The World Bank has said that the reports submitted by the Nigerian National Petroleum Company Limited (NNPCL) to the Federal Account Allocation Committee (FAAC) were inconsistent, and lacked necessary details on its operations. This was revealed in the bank’s Accelerating Resource Mobilisation Reforms (ARMOR) Report for May 17, 2024, r...
•Tinubu and World Bank Last Tuesday, October 15, 2024, Nigerians got the shock of their lives even as they grappled with hunger and pains occasioned by government policies. The World Bank Senior Vice President, Indermit Gill, declared in Abuja that it would take at least 10 or 15 years for President Bola Tinubu’s economic reforms […]...
Reforms undertaken by Nigeria’s government are “essential” but have piled pressure on its people, more than half of whom live in poverty, the World Bank has said. Since coming to power in May 2023, President Bola Ahmed Tinubu has introduced reforms aimed at reviving the economy of Africa’s most populous nation. Measures include the liberalisat...
•Tinubu The World Bank has urged the Tinubu-led federal government not to reverse the ongoing economic reforms, warning that it may have negative implications for the country. Removal of fuel subsidy and abolishing multiple foreign exchange systems were policies introduced by the current administration on day one in office, reports Daily Trust...
•Naira notes The naira is one of the worst-performing currencies in Sub-Saharan Africa for 2024. According to the latest edition of Africa’s Pulse, a report by the World Bank, as of August 2024, the naira had depreciated by 43% year-to-date, placing it among the weakest currencies in the region, alongside the Ethiopian birr and South […...
•Tinubu The World Bank Vice President and Chief Economist, Mr. Indermit Gill said yesterday that the federal government should sustain ongoing reforms despite the hardship on Nigerians. While also commending the Central Bank of Nigeria, CBN for the unification of the exchange rates, Gill called on the federal government to provide cost-effecti...
Nigeria is facing a worsening food security crisis, with over one million additional people experiencing severe food insecurity in 2024 compared to the previous year, according to a report by the World Bank. The recently released Food Security Update Report highlights that countries like Nigeria, Ethiopia and Yemen have seen a significant rise...
•Tinubu The federal government, under the leadership of President Bola Tinubu, has secured loans worth $6.45 billion from the World Bank in just 16 months. The amount increased to the new figure following the recent approval of three new loans totalling $1.57bn from the World Bank for various projects in Nigeria and is expected to […]
No fewer than 404 million students globally have been affected by climate-related school closures between January 2022 and June 2024, according to a report by the World Bank. The report, titled “Choosing Our Future: Education for Climate Action,” attributes this figure to at least 81 countries temporarily shutting down schools due to floods, s...
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