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Tag Archives: World Bank

World Bank applauds Fashola’s power plan, offers financing

Advertisement The World Bank and some multilateral agencies in Washington have applauded Babatunde Fashola’s power sector recovery plan, offering financial support. According to Kemi Adeosun, the head of Nigeria’s delegation to the World Bank, IMF meetings in Washington, the multilateral agencies said the plan is realistic. In a meeting with the agencies, Fashola was said to have presented the power plan, …

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Adeosun advises Nigerians on non-oil revenues to drive development

Kemi Adeosun The Minister of Finance, Mrs Kemi Adeosun, has advised Nigerians to focus on non-oil revenue growth, tax compliance and budget transparency to drive economic development‎ in the country. The minister gave the advice on Friday during a Finance Ministers’ meeting convened by the G24 Group at the ongoing IMF/World Bank Spring meetings in Washington DC. She discussed strategies …

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Nigeria needs reform to avoid future forex crisis, says World Bank

Related News The World Bank, Wednesday, said Nigeria needs to reform its finance to avoid any future foreign exchange crisis. According to the World Bank Chief Economist for Africa, Albert Zeufack, exchange rate adjustments could lead to higher inflation. Reuters news agency quoted Mr. Zeufack as saying that making fiscal adjustments in the country’s second year of recession would be …

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Again, Nigeria seeks global support against illicit capital flows

By Chijioke Nelson, Washington DC   |   20 April 2017   |   4:34 am   Minister of Finance, Mrs Kemi Adeosun • World Bank foresees rebound of economy, IMF okays recovery programme Nigeria again urged developed countries to stop providing safe havens for corrupt individuals and their illegal funds. The recovery of stolen funds from Nigeria was re-echoed …

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Nigeria, South Africa’s economic recovering – World Bank

Bayo Akinloye Economic growth in Sub-Saharan African countries like Nigeria and South Africa is rebounding in 2017 after registering the worst decline in more than two decades in 2016 but it is slow, says the World Bank. According to the new Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank, the region is …

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Nigeria, South Africa’s economies recovering – World Bank

Bayo Akinloye Economic growth in Sub-Saharan African countries like Nigeria and South Africa is rebounding in 2017 after registering the worst decline in more than two decades in 2016 but it is slow, says the World Bank. According to the new Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank, the region is …

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World Bank: Nigeria, South Africa, Angola still largest economies on the continent

Advertisement Despite impressive growth in seven countries across Africa, the World Bank says Nigeria, South Africa and Angola, remain the largest economies on the continent. In its new Africa’s Pulse, a bi-annual analysis on the state of African economies, conducted by the World Bank, economic growth in Sub-Saharan Africa rebounded in 2017 after registering the worst decline in more than two …

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World Bank to inject $200m into Nigeria’s Agric sector

The World Bank is injecting $200m into Nigeria’s agricultural sector to revitalise its livestock sub-sector. The World Bank FADAMA Team Leader, Dr Adetunji Oredipe, said on Wednesday that the World Bank was working in tandem with the Federal Government to formulate the intervention policy. He added that discussions with the government team on the modalities for the project execution had …

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