Development Outlook
In 2020 the economy shrank by 1.8%, its deepest decline since 1983, says the latest Nigeria Development Update.
In 2020 the economy shrank by 1.8%, its deepest decline since 1983, says the latest Nigeria Development Update.
With the support of the World Bank, Nigeria has developed several initiatives to improve access to water and sanitation.
Produced twice a year by the World Bank, the report assesses recent economic, social developments and prospects in Nigeria.
This project supports rehabilitation and improvement of service delivery infrastructure and livelihood opportunities, strengthening of social cohesion and providing response to crises.
Stronger oil prices in early 2017 mean signs of economic recovery but this will remain fragile until new policies are in place.
Economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer to the lower bound of the forecast in April 2020.
Africa’s poorest countries saw little to no progress on average in improving the quality of their policy and institutional frameworks in 2018.
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.
Watch, listen and click through the latest videos, podcasts and slideshows highlighting the World Bank’s work in Sub-Saharan Africa.
The Doing Business report provides objective measures of business regulations and their enforcement. See where your country ranks.
