Tag: World Bank

The Nigeria Labour Congress (NLC) has tagged the World Bank an enemy of Nigeria following the financial institution’s advice that the Federal Government stop the subsidy payment on petrol and raise pump price of the product to N750/litre. Reacting in a statement on Thursday, the union’s president, Joe Ajaero said that “It is truly a […]

The World Bank has said Nigerians should pay around N750 per litre more than the N650 per litre currently being paid by Nigerians. The world body said that the shortage means the Federal Government may still be paying for fuel subsidy as fuel prices are currently not cost-reflective in the country. The World Bank’s Lead […]

Senator Dino Melaye, Director of Public Affairs for the Peoples Democratic Party (PDP) Campaign Organisation has berated the All Progressives Congress (APC) over the recent World Bank report on the country’s economy. World Bank’s Lead Economist for Nigeria, Alex Sienaert, stated that debt servicing will gulp 123.4 percent of the country’s total revenue in 2023. […]