Insight Magazine

by CitiPlug

Vol. 01 — No. 07

#World Bank

5 stories

Revealed! Nigeria Lost 50% of Her Youths, World Bank
Headlines

Revealed! Nigeria Lost 50% of Her Youths, World Bank

Seeking to secure their future in a land with a viable economy and favourable economic conditions, it has been revealed that half of the Nigerian youths are seeking to travel out of the country. According to the World Bank, an increasing number of Nigerian youths are planning to leave the country in search of greener […]

Headlines

Nigeria economic growth lags Africa, poverty rising

Nigerian economic growth has resumed after the COVID shock but is lagging the rest of sub-Saharan Africa, with food inflation, heightened insecurity and stalled reforms slowing growth and increasing poverty, the World Bank said on Tuesday. Presenting its six-monthly update on development in Africa’s most populous country, the organisation gave a GDP growth forecast for […]

Headlines

Nigeria eyes $3 billion Eurobond sale to fund budget deficits after sixth sale

Nigeria plans to issue $3 billion or more in Eurobonds as international capital markets (ICM) open up and interest rates decline, the government said on Tuesday, after the coronavirus pandemic disrupted markets last year. The West African country had planned a Eurobond issue early last year after its sixth sale in 2018, but it decided […]

Opinion

Nigeria’s perennial recession; a result of policy somersault.

Nigeria will predictably be in recession for a long time. When you keep doing the same thing and expect different results, you will need to check yourself. It appears we are not in a hurry to live in the reality of the 21st century with others. I sometimes wonder why we like to put the […]

World Bank: name Nigeria as Africa’s poorest supplier of electricity with unending power outage
Headlines

World Bank: name Nigeria as Africa’s poorest supplier of electricity with unending power outage

Nigeria now has the highest percentage of the population without access to electricity globally, overtaking the Democratic Republic of Congo, according to the World Bank reports. In a virtual engagement with reporters in Abuja on the Power Sector Recovery Programme (PSRP), the bank officials said 25 per cent of Nigeria’s population do not have access […]