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World Bank Tables Challenges for Incoming Nigerian Government

Somto NwanoluebySomto Nwanolue
April 14, 2023
in News
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139 Million Nigerians Poor Despite Reforms — World Bank Warns
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The World Bank Group, WBG, has given a long list of challenges that ought to be addressed in the immediate term by the new leadership of the Federal Government.

According to The WBG President, David Malpass at a press briefing at the ongoing Spring Meetings of the Bretton Woods institutions in Washington D.C., the United States of America’s economic growth would be subdued during the year with an estimated growth rate of 2.8 percent.

Malpass had said that since Nigeria’s larger GDP was generated from the oil sector, a lot of people in Nigeria were currently facing poverty due to the global difficulties in the sector and Nigeria’s peculiar challenges.

Nigeria’s insecurity was not left out as the World Bank revealed that it had been working hard within Nigeria to help the country have an economic system that would be more productive.

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

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