National Wire About Nigerians, Nigerian Business and Other Stories
World Bank Reduces Nigeria’s Growth Forecast By 0.1 Per Cent
The World Bank on Wednesday revised Nigeria’s economic growth for 2019 from 2.1 to 2.0 per cent.
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Tag Archives: World Bank Report
W’Bank Cuts Nigeria’s GDP Growth Forecast To 2.1% For 2019
The World Bank Group has predicted real Gross Domestic Product (GDP) growth rate of 2.1 per cent for Nigeria for 2019, slightly lower than the 2.2 per cent it had predicted for the country same year in a report early this year.
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World Bank Report: Nigeria Records $1.4bn Power Tariff Deficits In Two Years
A report by the World Bank has disclosed that the financial deficit that Nigeria’s electricity market has recorded between 2015 and 2016 when the country’s electricity regulator – the Nigerian Electricity Regulatory Commission (NERC) failed to allow the market to charge cost-reflective tariff was $1.4 billion. It also stated that on the average, the country’s electricity market recorded $1 billion …
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