Tag: World Bank

Global News

World Bank Warns Legal Disputes Slowing Nigeria’s Electricity Metering Reform

The World Bank has warned that legal disputes, procurement bottlenecks and delays in contract execution are slowing the implementation of Nigeria’s Distribution Sector Recovery Programme (DISREP), aimed at improving electricity distribution nationwide. The bank, however, disclosed that it is considering an additional 308 million dollars in financing to support the procurement of 1.7 million more […]

Headlines

World Bank Warns Nigeria’s Social Protection Spending Has Minimal Impact on Poverty

A World Bank report has revealed that Nigeria’s low budgetary allocation to social protection has had virtually no effect on reducing poverty, with the country spending only 0.14% of its Gross Domestic Product (GDP)—far below the global average of 1.5% and the Sub-Saharan African average of 1.1%. Titled “The State of Social Safety Nets in […]

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