The World Bank reveals that seven northern states in Nigeria are at risk of food insecurity in 2024. In its current food security report, the World Bank stated that insecurity and armed conflicts would plunge three northeastern states and four northwestern states into a food crisis. The states highlighted are Borno, Adamawa, Yobe, Kaduna, Katsina,…
The World Bank has recommended that the price of petrol in Nigeria should be increased to N750 per litre, stating that the current price of N650 per litre does not reflect the true cost of production and may still involve fuel subsidy payments by the government. During the Nigeria Development Update presentation in Abuja, the…
The World Bank has approved the disbursement $800 million for the National Social Safety Net Program-Scale Up in Nigeria. The bank has already disbursed approximately $299.99 million, representing about 37.5% of the total loan amount. The remaining balance is approximately $442.88 million. The National Social Safety Net Program-Scale Up is a conditional cash transfer initiative…
