The President of the World Bank Group, David Malpass, has said that the bank will work with the International Monetary Fund to assess Nigeria’s debt sustainability. Malpass said this during the 2022 annual meetings opening press conference in Washington, D.C. recently. He said, “We will work with the IMF on[Read More…]
Tag: world bank
Shelve Plans Of $1.5bn World Bank Loan, DPR Warn FG
The Department of Petroleum Resources (DPR) says it has advised the federal government to consider withdrawing a $1.5 billion loan request sent to the World Bank. In a statement on Friday, the agency said it has remitted $1.03 billion to the federal government with an additional $600m underway from oil[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]