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Tag Archives: World Bank

World Bank affirms positive impacts of Tinubu’s economic reforms in Nigeria

The World Bank has declared that despite temporal pains, economic reforms introduced by the Bola Tinubu administration are beginning to record positive impacts including macro-economic stabilization, and pro-people priorities but only an extended momentum of current reforms can propel Nigeria towards the high and inclusive path of growth. The World …

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IMF Welcomes CBN’s Removal of FX Restrictions on 43 Items

The International Monetary Fund (IMF) has commended the Central Bank of Nigeria’s decision to remove restrictions on 43 items previously restricted from accessing foreign exchange at the official window. The IMF also acknowledged that the newly appointed officials under President Bola Tinubu have initiated a series of reforms aimed at …

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Nigeria among countries with highest self-employment rates – World Bank

Nigeria and other countries in the Sub-Saharan Africa (SSA) region have the highest rates of self-employment and unpaid family employment in the world, according to the World Bank. In its latest Africa’s Pulse report, the multilateral lender said this ranking is leading to depressed worker productivity and limiting workers’ earnings …

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Why FG should not focus only on national averages for subsidy removal palliatives –World Bank

The World Bank has advised Nigerian policymakers to move away from relying solely on national averages when formulating social protection measures following fuel subsidy removal in the country. In its June 2023 report titled “Detox Development: Repurposing Environmentally Harmful Subsidies,” the World Bank noted that it is crucial to also …

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