...Says nearly half of the population now in poverty
...Debt-to-GDP seen dropping to 39.8%
Nigeria’s cost of revenue collection has more than doubled in one year, constraining government spending on critical infrastructure needed to power development and engender growth, according to the World Bank.
Combined Federal Account Allocation Committee (FAAC) deductions to revenue agencies more than doubled from N871 billion in 2023 to N1.78 trillion in 2024, forcing the World Bank to urge authorities to “improve the use of p
