Babajide Komolafe

1 week ago | nigeriaworld.com | Babajide Komolafe

• As price declines 6% to $78.9/b• Defies 23% rise in output Nigeria’s revenue from crude oil export fell by 17 per cent in the first two months of the year to $6.68 billion driven by lower price of the commodity.

3 weeks ago | nigeriaworld.com | Babajide Komolafe

At the backdrop of the rising food insecurity caused by intensified conflict and climate related shock on farming activities across the country, Nigeria’s food importation rose by 16 per cent, year-on-year, to $2.5 billion in 2024 from $2.13 billion in 2023. Meanwhile, the 2025 World Bank’s Food Security Update, one million additional Nigerians experienced acute food insecurity in 2024 due to intensified conflict and climate related shocks such as drought.

3 weeks ago | allafrica.com | Babajide Komolafe |Peter Egwuatu

In spite of mounting concerns over the huge level of the country's public debt, and the severe impact of rising cost of debt servicing on the economy, the Federal Government, FG, increased borrowing from domestic investors to N10.85 trillion in the first four months of the year. Nigeria's total public debt rose by 48.6 per cent to N144.66 trillion in 2024, from N97.34 trillion in 2023, with the Federal Government accounting for 95 per cent or N137.28 trillion.

1 month ago | allafrica.com | Emma Ujah |Babajide Komolafe |in Washington DC

...Says good jobs'll keep them in the countryThe Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has said that the Federal Government and World Bank are aligning an agenda to create good quality jobs for young Nigerians. He spoke during an interview after the bank's Development Committee meeting as part of the Spring Meetings in Washington DC, USA.

1 month ago | lucky-wap-ams.op-mobile.opera.com | Babajide Komolafe |Emma Ujah

Story by Babajide Komolafe & Emma Ujah, Washington DC The World Bank has projected that poverty will increase in Nigeria by three percentage points in five years to 2027. The World Bank made this projection in its Africa Pulse report released on the sidelines of the ongoing Spring Meetings of the IMF and World Bank in Washington DC.