Home Tag "World Bank"

Unemployment data: World Bank Did Not Dispute our Data – NBS

The National Bureau of Statistics (NBS) disclosed that the World Bank did not dispute its employment statistics data collection as claimed by the Minister of Labour, Chris Ngige. The NBS disclosed this in a social media statement on Friday morning in a response to the statement by the Ministry of Labour. The Minister of Labour on Thursday […]

Nigeria Businesses Lose $29bn Annually to Poor Electricity – World Bank

The World Bank on Wednesday said businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity. It also observed that Nigeria had the largest number of people without access to electricity in the world, as every one in 10 people without access to electricity now reside in Nigeria. The bank’s […]

How SMEs Can Access Funds In Nigeria

The significance of SMEs for any country, especially Nigeria, cannot be overemphasized. It is, therefore, not surprising that SMEs constitute one of the bedrocks of economic development in the country. This makes it a sector that should be given utmost priority by the government. To get started, the government needs to make funding more accessible […]

Digitalizing the Maritime Sector Set To Boost the Competitiveness and Resilience of Global Trade

Joint report by the World Bank and IAPH to assist ports and maritime transport community accelerate digitalization and minimize ship-shore human interaction and COVID-19 risks. WASHINGTON, January 21, 2021—A new report launched today by the World Bank and the International Association of Ports and Harbors (IAPH) shows that better digital collaboration between private and public […]

What Will Nigeria Be Exporting Under AfCFTA?

After many years of negotiations, the African Continental Free Trade Area (AfCFTA) came into effect at the beginning of this year. While the trade deal appears to have inherent benefits for the continent, the readiness of many African governments remains in doubt. Indeed, African leaders have come to the realisation they have to build infrastructure, […]

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