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74% Of Power Users In Nigeria Have Less Than 12 Hours Of Electricity Supply – World Bank

The world bank has revealed that 74% of power users in nigeria have less than 12 hours of electricity supply daily. The Global financial body disclosed this at the Power Sector Recovery Programme . The opinion research fact sheet obtained in Abuja stated that the findings were made and conclusion drawn from after a thorough […]

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Poverty Rank Of Nigerians Set To Increase By Year 2022 – World Bank

The World Bank said its estimates show that between 15 million and 20 million Nigerians will join the poverty rank by 2022. They revealed this on Tuesday at the virtual launch of the 2021 Macroeconomic Outlook of the Nigerian Economic Summit Group, a private sector-led think-tank. Nigeria needs to implement key reforms in order to […]

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BLUE UPDATE

WORLD BANK APPROVES $750M TO IMPROVE ELECTRICITY IN NIGERIA.

The World Bank has approved a $750 million loan to the Federal government which is to be used to improve electricity supply in the country. In a statement released today Wednesday, June 24, the World Bank said the loan is for the power sector recovery operation (PSRO) to achieve financial sustainability and enhance accountability in the […]

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BLUE UPDATE

COVID-19 TO PUSH 60million INTO POVERTY -World Bank

The coronavirus pandemic is expected to throw into extreme poverty more than 60 million people globally, the World Bank said on Tuesday as it announced emergency operations worth $160 billion in 100 developing countries to fight this deadly virus. “The pandemic and shutdown of advanced economies could push as many as 60 million people into […]