In 2020, Nigeria experienced its deepest recession in four decades, but growth resumed in the fourth quarter as pandemic restrictions were eased, oil prices recovered, and the authorities implemented policies to counter the economic shock. As a result, in 2020 the Nigerian economy experienced a...

Understanding forced displacement and developing effective solutions requires closing several critical gaps in the data. With forced displacement rising worldwide, the body of work on displacement is growing rapidly. Data on internally displaced persons (IDPs) are particularly problematic, as...

Understanding forced displacement and developing effective solutions requires closing several critical gaps in the data. With forced displacement rising worldwide, the body of work on displacement is growing rapidly. Data on internally displaced persons (IDPs) are particularly problematic, as...

This report summarizes the results of the analytical work on housing market finance carried out by the World Bank Group at the request of the Ministry of Finance. The purpose of the work was to inform the policy dialogue about how best to develop a sustainable housing finance market in Nigeria,...

Since 2009, insecurity in the North-East of Nigeria has led to the loss of over 20,000 lives and the displacement of over two million people. Throughout the region livelihoods have been disrupted, and homes, public buildings and infrastructure destroyed. In a part of Nigeria where 80 percent of...

Since 2009, insecurity in the North-East of Nigeria has led to the loss of over 20,000 lives and the displacement of over two million people. Throughout the region livelihoods have been disrupted, and homes, public buildings and infrastructure destroyed. In a part of Nigeria where 80 percent of...

Nigeria has vast potential, but development has stagnated over the past decade. The country is characterized by strong spatial inequalities and a large north-south divide. Creating better jobs is a necessary condition for accelerating poverty reduction and economic transformation. A combination...

Nigeria's economic performance has weakened since the previous Nigeria Development Update (NDU) was published in June 2022 under the title of "The Continuing Urgency of Business Unusual". The global economic environment has weakened. Economic activity in most major economies has slowed in 2022...

Important reform decisions have been taken for Nigeria to avoid a fiscal cliff, and temporary compensation is being provided to help the poorest and most vulnerable households. In May and June 2023, the incoming administration undertook two critical policy decisions, which have resulted in price...