The Arewa Voters Assembly (AVA) has said the World Bank’s October 2026 Nigeria Development Update has validated President Bola Ahmed Tinubu’s economic reforms, citing improved economic indicators, increased revenues to states and a reported N3.3 trillion waiver on fuel taxes, tariffs and import duties. The group said the report, titled “Beyond the Federal Purse: How
IMF, World Bank Warn AI Could Deepen Nigeria’s Unemployment Crisis The International Monetary Fund (IMF) and the World Bank have warned that artificial intelligence (AI) could intensify employment challenges in Nigeria and other developing economies unless governments and businesses invest in digital skills, infrastructure and technologies that boost productivity and create jobs. IMF Managing Director,
FG Seeks $1.5bn World Bank Financing as Nigeria’s Debt Rises to N166.79tn The Federal Government is negotiating three proposed financing facilities worth a combined $1.5bn with the World Bank to support climate resilience, early childhood development and social protection programmes across Nigeria. The proposed facilities, each valued at $500m, are at different stages of preparation,
The World Bank has revealed that a significant majority of Nigerians continue to face poverty challenges, with about 79 per cent of the population reportedly experiencing hardship despite economic reforms introduced by President Bola Tinubu’s administration. According to the global financial institution, the country’s ongoing reforms, including efforts aimed at stabilizing the economy and improving