The Federal Government has faulted the World Bank’s assessment of Nigeria’s revenue and debt obligations, dismissing concerns that rising interest payments pose a threat to the country’s debt sustainability. The Federal Ministry of Finance described reports that interest payments consumed 124 per cent of federal revenue in the first half of 2026 as misleading, arguing…

The World Bank and the International Monetary Fund (IMF) have warned that the global economy could face a shortfall of 800 million jobs over the next 10 to 15 years, amid rising public debt, geopolitical tensions and limited resources for development. The institutions called on governments to attract private investment, strengthen development financing and accelerate…