Nigeria from The World Bank: Data. Towards this end, the World Bank is leveraging the Living Standards Measurement Study - Integrated Survey on Agriculture (LSMS-ISA) program to support high-frequency phone surveys on COVID-19 in 5 African countries – Nigeria, Ethiopia, Uganda, Tanzania, and Malawi. Nigeria Digital Economy Diagnostic Report ix ACRONYMS AND ABBREVIATIONS AI Artificial Intelligence ARPU Average Revenue Per User AT Assistive Technology ATBU Abubakar Tafawa Balewa University ATM Automated Teller Machine B2C Business-to-Customer BPO Business Process Outsourcing BPP Bureau of Public Procurement BVN Bank … We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. •   75 hydromet stations providing data for integrated catchment planning have been installed across the country, •  2 stormwater master plans have been completed for Onitsha in Anambra State, Aba and Abakaliki in Ebonyi State, strengthening and streamlining the country's Environmental Impact Assessment process, •  Issuance of Nigeria’s second tranche of Sovereign Green Bond (for $42 million) after the first green bond, to finance climate change activities. The macroeconomic situation is more challenging now than in 2015-2016, when oil prices fell sharply and Nigeria experienced its first recession in 25 years. Urban population - Nigeria World Bank staff estimates based on the United Nations Population Division's World Urbanization Prospects: 2018 Revision. The Nigeria Development Update (NDU) is a World Bank report series produced twice a year (Spring and Fall). Nationally, 40 percent of Nigerians (83 million people) live below the poverty line, while another 25 percent (53 million) are vulnerable. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Partners in Nigeria include: African Development Bank (AFDB); Canadian International Development Agency (CIDA); European Union (EU); French Development Agency (AFD); German Agency for International Development (GIZ); German Development Bank—KfW; International Monetary Fund (IMF); Islamic Development Bank; Japan International Cooperation Agency (JICA); UK Department for International Development (DfID); United States Agency for International Development (USAID); Bill & Melinda Gates Foundation; and the Agencies of the United Nations, particularly the UNDP and UNICEF. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. Nigeria is highly vulnerable to the global economic disruption caused by COVID-19, particularly due to the pronounced decline in oil prices and spikes in risk aversion in global capital markets. The World Bank’s Jon Exel has predicted the five-year mini-grid program run in Nigeria since June by the lender will prove a game changer in a nation with a … With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development. Blog. IBRD loans are made to, or guaranteed by, countries that are members of IBRD. Post-COVID, improved sustainable solutions delivery can put Sahel countries on the path to resilient recovery. Chart . The indicators cover the education cycle from pre-primary to tertiary education. •    16 States now have improved erosion risk maps, towards ensuring better-quality catchment management plans prepared for 31 sites across States. Oil accounts for over 80 percent of exports, a third of banking sector credit, and half of government revenues. Oil prices also affect growth in non-oil industries and services, with additional pressures arising from foreign portfolio investors’ reassessment of risks and domestic liquidity management. The query also holds learning outcome data from international learning assessments (PISA, TIMSS, etc. With IDA’s help, hundreds of millions of people have escaped poverty—through the creation of jobs, access to clean water, schools, roads, nutrition, electricity, and more. The Doing Business report provides objective measures of business regulations and their enforcement. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Central Microdata Catalog. ), equity data from … The World Bank Group enjoys a strong partnership with Nigeria through a strategy to support the government in its development’s objectives to end extreme poverty and increase shared prosperity. The Niger Safety Net Project provides cash transfers to the poorest and to food insecure people through cash for work programs benefiting the community. Inequality, in terms of income and opportunities, remains high and has adversely affected poverty reduction. Consultations have concluded on a new Country Partnership Framework, which will come into effect in late 2020. The Global Survey on Energy Access using the Multi-Tier Framework approach in Nigeria 2018 has as its primary objectives: - To measure household access to electricity based on the … A key regional player in West Africa, Nigeria accounts for about half of West Africa’s population with approximately 202 million people and one of the largest populations of youth in the world. WE-FI: Innovative Financing. The lack of job opportunities is at the core of the high poverty levels, regional inequality, and social and political unrest. IBRD may also make loans to IFC. Abiola has spent about 14 years in journalism. To learn more about cookies, click here. In the current situation, Nigeria has fewer buffers and policy instruments to cushion adverse effects. By contrast, before COVID-19 struck, the economy was growing at 2.2%. Global data and statistics, research and publications, and topics in poverty and development, *Amounts include IBRD and IDA commitments, Environmental and Social Policies for Projects, Country Partnership Strategy period (FY2014-FY2019), Commercial Agriculture Development Projec, Transforming Irrigation and Water Resources Management Project, West Africa Agriculture Productivity Project, Phone Survey Data: Monitoring COVID-19 Impact on Firms and Households in Nigeria, Statement: World Bank Statement on Support to Nigeria, Fraud Alert: World Bank Warns of ‘Co-Operative Scheme’ Scam, Fraud Alert: World Bank Warns of Pan African Scholarship Scam, Statement: World Bank Statement on Nigeria Egbe Tragedy in Ekiti State, World Bank Nigeria Audit Firm Assessment Questionnaire.