Nigeria needs to deepen reforms to boost growth, revenues says World Bank

Electricity subsidy benefits rich Nigerians more – World Bank study

According to a World Bank study, the subsidy disproportionately benefits the rich because they are connected to the national grid.

Nigeria needs to deepen economic reforms and boost government revenues in order to have a sustained recovery after a coronavirus-induced oil price shock that slashed income and weakened its currency, the World Bank’s country director told Reuters on Friday. Shubham Chaudhuri said Nigerians are

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