Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Food & Nutrition

World Bank Offers Succour to End Fuel Subsidy in Nigeria.

Somto NwanoluebySomto Nwanolue
September 2, 2022
in Food & Nutrition, News
0
World Bank Offers Succour to End Fuel Subsidy in Nigeria.
Share on FacebookShare on TwitterShare on Whatsapp

The World Bank Group’s President, David Malpass, has announced that the bank is ready to aid Nigeria in phasing off its regressive fuel subsidies while promoting social assistance for the poor and vulnerable.

A statement that had been published on the Bank’s website had given an insight into the meeting between Malpass and Nigeria’s Vice President, Yemi Osinbajo on Thursday. Malpass had stressed the need for a unified exchange rate in Nigeria, which would most importantly, improve the business-enabling environment in the country, reduce inflation and attract foreign investment.

The World Bank President and Vice President Osinbajo had also discussed Nigeria’s Energy Transition Plan. With Malpass welcoming the country’s commitment to achieving universal energy access and reducing GHG emissions while maintaining a reliable baseload.

On the issue of the exchange rate crisis, President Malpass encouraged a decisive move toward a unifying exchange rate and Nigeria’s stabilization, while noting the economic benefits for the Nigerian citizens.

“President Malpass emphasized to Vice President Osinbajo that a unified exchange rate will significantly improve the business enabling environment in Nigeria, attract foreign direct investment, and reduce inflation. President Malpass and Vice President Osinbajo had also discussed the importance of increasing domestic revenues through broadening Nigeria’s tax base and increasing the efficiency of tax administration,” the statement finished.

Tags: endfuel subsidyNigeriaOffersSuccourworld bank
Somto Nwanolue

Somto Nwanolue

Somto Nwanolue is a news writer with a keen eye for spotting trending news and crafting engaging stories. Her interests includes beauty, lifestyle and fashion. Her life’s passion is to bring information to the right audience in written medium

Related Posts

How Did the Manchester Synagogue Attack Unfold? A Minute-by-Minute Timeline
News

How Did the Manchester Synagogue Attack Unfold? A Minute-by-Minute Timeline

October 2, 2025
What Does a 'State of Calamity' Mean for the Philippine Province Struck by Earthquake?
News

What Does a ‘State of Calamity’ Mean for the Philippine Province Struck by Earthquake?

October 1, 2025
Is Morocco the Next Nepal? Inside the Gen Z Protests Shaking the Kingdom
News

Is Morocco the Next Nepal? Inside the Gen Z Protests Shaking the Kingdom

October 1, 2025
Next Post
Bauchi State Residents Express Joy over Train Service Resumption.

Bauchi State Residents Express Joy over Train Service Resumption.

Ice Prince Arrested, Dragged to Court by the Police.

Ice Prince Arrested, Dragged to Court by the Police.

CHANQ 2023: Yusuf Confident Home Eagles Will Turn Tables Against Ghana

CHANQ 2023: Yusuf Confident Home Eagles Will Turn Tables Against Ghana

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Lagos State Bans Motorcycle Operators in 4 Additional Local Governments

Blue Line Project Test Run to Commence December According to Sanwo-Olu

3 years ago
Sierra Leone's Top Diamond Mine Closes, Cutting Over 1,000 Jobs

Sierra Leone’s Top Diamond Mine Closes, Cutting Over 1,000 Jobs

5 months ago
Real Warri Pikin Announces Fourth Pregnancy in Emotional Father’s Day Post

Real Warri Pikin Announces Fourth Pregnancy in Emotional Father’s Day Post

4 months ago
Islamic State Takes Responsibility For Deadly Bombing at Catholic Mass in Southern Philippines

Islamic State Takes Responsibility For Deadly Bombing at Catholic Mass in Southern Philippines

2 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Is Britain’s Fight Against Antisemitism Failing After Manchester Synagogue Attack

Is China’s New ‘K Visa’ a Direct Challenge to the US H-1B Program?

BBNaija S10: Here’s Why Fans Are Demanding Faith’s Disqualification

Supreme Court or Nothing: Rivers Emergency Suit Thrown Out

NARD Sounds Alarm as Malnutrition Wipes Out Nigeria’s Next Generation

Investors Dumped U.S. Assets Overnight As Government Shutdown

Trending

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

byEriki Joan Ugunushe
October 3, 2025
0

The Nigerian Naira has been dealt yet another humiliating blow in the black market, as foreign currencies—particularly...

Oba Ewuare II Dismisses Iyaloja Role In Benin

Oba Ewuare II Dismisses Iyaloja Role In Benin

October 2, 2025
Shah Rukh Khan a Billionaire? How the ‘King of Bollywood’ Built His Empire

Shah Rukh Khan a Billionaire? How the ‘King of Bollywood’ Built His Empire

October 2, 2025
Is Britain's Fight Against Antisemitism Failing After Manchester Synagogue Attack

Is Britain’s Fight Against Antisemitism Failing After Manchester Synagogue Attack

October 2, 2025
Is China's New 'K Visa' a Direct Challenge to the US H-1B Program?

Is China’s New ‘K Visa’ a Direct Challenge to the US H-1B Program?

October 2, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
  • Oba Ewuare II Dismisses Iyaloja Role In Benin
  • Shah Rukh Khan a Billionaire? How the ‘King of Bollywood’ Built His Empire

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com