Explore articles, news reports, and stories tagged with #World Bank on Sentinel Digest.
The author reflects on Scotland’s reliable tap water while exposing Nigeria’s deteriorating public water supply, linking the crisis to broader infrastructure failures and urging a nationwide audit and investment plan.
The African Democratic Congress has demanded that President Bola Tinubu explain a $12.4 billion gap flagged by the World Bank in Nigeria’s external accounts, a shortfall that equals nearly a quarter of the N68.32 trillion 2026 federal budget.
Nigeria's Finance Minister Taiwo Oyedele told the World Bank and IMF meetings in Bangkok that both international investors and local markets consider opposition politicians urging a return to the subsidy regime as unserious and have not factored such a move into price forecasts.
Nigeria’s finance minister said investors are pricing in President Bola Tinubu’s second term and expect continuity of the current reform agenda, warning that any reversal could trigger capital flight and pressure on the naira.
Economic analysts have urged the Nigerian government to ensure that the drafting of the 2027 Appropriation Bill does not distract from the need for transparent reporting on the execution of the 2025 and 2026 budgets. They call for a full audit of outstanding commitments before the new budget is tabled.
Nigeria’s financial sector recorded a loss of ₦52.26 billion to electronic fraud in 2024, more than double the amount lost in 2023. The IMF and World Bank’s Bangkok Blueprint offers a framework for tighter regulation, better cooperation and improved consumer protection.
At the opening of the IMF and World Bank meetings in Bangkok, Managing Director Kristalina Georgieva warned that artificial intelligence may disrupt as much as 40% of global employment. Independent research from Goldman Sachs, the ILO and McKinsey backs the alarm, highlighting severe risks for entry‑level workers.
President Bola Ahmed Tinubu welcomed the World Bank’s October 2026 Nigeria Development Update, noting that the report confirms the country’s economic reforms are delivering growth, lowering inflation and stabilising poverty. The update projects continued expansion and reduced public debt through 2028.
Fitch Ratings has shifted Nigeria’s long‑term sovereign outlook from Stable to Positive, citing successful reforms, lower inflation and a surge in foreign‑exchange reserves, while maintaining the country’s ‘B’ credit rating.
Professor Akpan Ekpo told ARISE NEWS that the World Bank’s forecast of 4.1 % GDP growth for Nigeria is insufficient to curb poverty, create jobs or transform the economy, and that only sustained double‑digit growth over the next 15‑20 years can deliver real change.
Special Adviser on Policy Communication Daniel Bwala told Channels Television that the Tinubu administration's economic reforms have pushed more Nigerians into poverty, but he insisted the country has made marked progress since the changes were implemented.
Vice President Kashim Shettima inaugurated the Community Investment Fund under the Nigeria for Women Programme Scale‑Up in Katsina, with the state committing an additional N4 billion to support over 40,000 women entrepreneurs.