World Bank Wants Nigeria’s Hardship for 15 More Years says Shehu Sani

10/16/2024 3

The Former Kaduna Central Senator, Shehu Sani, on Wednesday has accused the World Bank of contributing to Nigeria’s ongoing economic hardship.

He claimed the organization aims for these challenges to persist for another 15 years before any relief is seen.

On his X ,Sani’s statement comes as the World Bank recently reported that the Nigerian Naira is one of the worst-performing currencies in sub-Saharan Africa, alongside the Ethiopian Birr and South Sudanese Pound.

The report attributes the Naira’s decline—down 43% by August 2024—to rising demand for dollars and limited inflows.

Written by: bossgmsi

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South East set for economic revival, as SEBIS unveils strategic plans

The South East Business and Investment Summit Group (SEBIS) on Wednesday has highlighted key challenges affecting investment in the South East, such as limited government support, restricted access to finance, high interest rates, and lack of business structures. Ahead of the December 2024 summit, SEBIS Executive Secretary, Ifedi Okwenna, emphasized that insecurity and an unfavorable business environment have discouraged investors, causing the region to fall behind economically. The upcoming summit […]

10/16/2024 3