World Bank Mobilises $5.79bn For Nigerian Jobs

World Bank Mobilises $200bn for Developing Economies

World Bank financing and capital mobilisation for developing economies surpassed $200 billion in FY2026, as private investment more than tripled and Africa’s share rose to $22 billion. The World Bank Group says its financing and capital mobilisation for developing economies exceeded $200 billion in the 2026 financial year, following a sharp increase in private investment…

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Nigeria Pays 4x Higher Debt Interest Rates , Says G-24’s Masha

  Developing economies including Nigeria continue to pay interest rates three to four times higher than advanced countries, a disparity driven by weak revenue structures and risk assessment methodologies that ignore long-term economic potential, the Director of the Intergovernmental Group of 24 (G-24), Dr. Iyabo Masha, has said. Masha made the disclosure on Friday during…

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GenAI Threatens Jobs, ILO-World Bank Alert

  A joint working paper by the International Labour Organisation (ILO) and the World Bank has cautioned that generative artificial intelligence (GenAI) will fundamentally alter labour markets across the world, with the most vulnerable economies standing to lose the most if deliberate policy action is not taken. The study, prepared as a background paper for…

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