The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Nigeria pushed back sharply against the World Bank on Sunday after the multilateral lender claimed debt servicing consumed 124% of federal revenue during the first half of 2026. The Federal Ministry of Finance issued a statement in Abuja faulting the bank’s arithmetic, arguing that foreign economists compared mismatched ledgers by stacking sub-national external obligations against…
The World Bank has cautioned that high fuel prices could hold back Nigeria’s progress on poverty even as the economy grows faster and inflation falls sharply in 2026. The warning is contained in the bank’s October 2026 Africa Economic Update, released on Tuesday. In the report, the World Bank raised its forecast for Nigeria’s economic…
The Nigeria Sovereign Investment Authority floated a $300m investment fund in Abuja on Monday, 21 September 2026, to bankroll solar mini-grids and commercial off-grid installations. The Nigeria Distributed Renewable Energy Fund marks an institutional pivot away from the national grid. State planners have stopped waiting for decrepit transmission lines to cross vast rural distances. Instead,…
West Africa is advancing regional electricity integration through more than 4,000 kilometres of high-voltage transmission lines that now link the power grids of 15 countries, according to the World Bank. The infrastructure, developed under the West African Power Pool, has enabled cross-border electricity trade that currently accounts for about eight per cent of the…
Nigeria has secured a fresh $1.25 billion financing package from the World Bank, aimed at deepening ongoing economic reforms, drawing private investment and accelerating job creation across Africa’s largest economy. The World Bank announced the approval on Wednesday, July 1, 2026, describing the facility as the anchor of its new Country Partnership Framework for…
The World Bank has approved a fresh $1.25bn loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme, pressing ahead with the facility despite months of public unease over the country’s swelling debt profile and repeated calls for the Federal Government to curb external borrowing. The approval was announced in a…
The World Bank has endorsed a fresh $1.25bn loan for Nigeria under its Actions for Investment and Jobs Acceleration programme. The endorsement came alongside the launch of a new Country Partnership Framework spanning 2026 to 2032. This development follows intense public anxiety over the country’s soaring external debt profile. Many citizens note that previous debt…
Africa’s largest electrification drive has crossed a defining threshold, with the World Bank Group and the African Development Bank announcing that their joint Mission 300 initiative has connected more than 50 million people to electricity across 40 countries, even as Nigeria, home to the world’s biggest power access deficit, accounts for over 4.5 million…
The Special Adviser to President Bola Tinubu on Information and Strategy, Mr. Bayo Onanuga, has said he does not personally see the level of hunger frequently described in public discussions, defending the administration’s economic record even as official data points to deepening hardship across the country. Speaking on Arise Television on Tuesday, June 23, 2026,…
The World Bank could scale up financial support to as much as $100bn over the next 15 months to help developing countries withstand the economic fallout from the escalating crisis in the Middle East, the lender has announced, warning that the conflict risks pushing global growth to its weakest level since the COVID-19 pandemic….