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Opinion: We Are Not As Poor As You Think We Are – Even The World Bank Says So

by Tunde Andrew The recently announced re-based GDP figures that increased the estimated size of the Nigerian economy has again drawn attention to official poverty statistics....

President Jonathan Sets Up Committee On Abacha Loot

President Goodluck Jonathan, yesterday, set up a committee to fashion out the best way to invest part of the recovered loot of former Head...

Liechtenstein To Return $227 Million Abacha’s Loot To Nigeria

Liechtenstein said Wednesday it would return 167 million euros ($227 million) to Nigeria, ending a drawn-out battle by the African country to recover cash...

World Bank Allocate $564.5 Million To Nigeria’s Road Infrastructure Projects

In an attempt to improve the nation’s ailing roads  infrastructure, the World Bank said that it has committed a total of $564.5million to the...

Banks, Others Skeptical Over Investments In Power Sector

There are strong indications that banks and other financial institutions are worried over the possibility of not being able to recoup their investment in...

World Bank Says Nigeria Ranks 3rd In Countries With Largest Number Of Poor People

The President of the World Bank, Jim Yong Kim, has said that Nigeria is one of the top five countries that has the largest...

Reno Omokri: World Bank DID NOT Say Nigeria Is An Extremely Poor Nation

Contrary to what some media report, The World Bank DID NOT list Nigeria as Extremely Poor but said most Extremely Poor people live in...

Okonjo-Iweala Clarifies World Bank’s Poverty Rating Of Nigeria

ABUJA - The minister of finance and coordinating minister of the economy, Dr Ngozi Okonjo-Iweala, has ventured to explain the rating of Nigeria as...

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