World Bank Group

Nigeria's multi- multidimensional poverty statistics have previously indicated that approximately 63% of Nigerians experience multidimensional poverty, with poverty considerably higher in rural areas.

The World Bank data puts Nigeria's 2025 consumer price inflation at around 23%, demonstrating how much price pressure preceded the more recent moderation.

So the important point for the audience, inflation falling does not mean prices are falling.

Let's, let's, let's state that.

Now, my children love juice, and I make the oranges, but I still have to sell it, and then guess what? I discover my children consumes orange on the average, maybe orange juice.

They consume the one, like, five liters.

So now after that 5,000, right, that I made by selling my oranges to you, I still come to you maybe in the name of IMF or, uh, World Bank, right?

Mm.

Ultimately, we had to do the work to determine where are there places in Somalia, for instance, where our customers may be able to be covered by other services where we could wind things down.

We have been able to secure other UN funding and World Bank funding in Somalia to be able to allow us to continue to operate some of those services.

In Sudan, OCHA funding did... come through for Sudan.

However, Alight has not been able to receive any of that OCHA funding.

tracking as a journalist.

We're going to talk about how the Trump administration is engaging with two of the most important development finance institutions today, the Development Finance Corporation and the World Bank.

So the Development Finance Corporation is a U.S. agency.

It was founded in 2018 to catalyze private investment in lower income economies.

It's sort of the only development game in town when it comes to U.S. policy.

And there are a lot of people asking the DFC to do a lot of different things.

The second institution we're going to talk about is the World Bank.

So the U.S. has considerable influence over all of the major MDBs, the multilateral development banks like the World Bank.

Thanks for having me on the show.

I think this access to the New Toronto Bank is very, very important, even that we're diversifying our borrowing away from the established joint finance such as the World Bank.

And the law itself is going to be going to rehabilitating infrastructure in many of the metros which have undermined business confidence led to business as well as house on flight to other metros which are doing much, much better.

So this is a good loan and I'm hoping that it will be put to good use, particularly in the electricity, water and road infrastructure, which in many metros is dilapidating, making cost of doing business very, very high.

Thanks for having me on the show.

I think this access to the New Development Bank is very, very important, uh, given that we're diversifying our borrowing away from the established development finance such as the World Bank.

And the loan itself is gonna be going to rehabilitating infrastructure in many of the metros which have undermined, uh, business confidence, led to business as well as household flight to other metros which are doing much, much better.

So this is a good loan, and I'm hoping that it will be p- put to good use, particularly in the electricity, uh, water, and road infrastructure, which in many metros is dilapidating, making cost of doing business very, very high.

You gotta really take care of them.

Were you around in the '70s when the panga came online? I remember it was a World Bank project that Yamaha was doing.

Do you remember any of that? You might've been too young.

Yeah.

Ultimately, we had to do the work to determine where are there places in Somalia, for instance, where our customers may be able to be covered by other services where we could wind things down.

We have been able to secure other UN funding and World Bank funding in Somalia to be able to allow us to continue to operate some of those services.

In Sudan, OCHA funding did... come through for Sudan.

However, Alight has not been able to receive any of that OCHA funding.

They were doing lots of things.

It's just Nothing useful as they're looking at Quakers and World Bank protesters.

But, you know, they would've been investigated under a different set of guidelines, but the domestic security guidelines were sort of the, the whipping boy for The Heritage Foundation, so they immediately go after those post 9/11 even though they have no plausible nexus to why the FBI failed to prevent the 9/11 attacks.

You know, you have 3,000 Americans murdered by a, a, a vicious terrorist group linked to Saudi Arabia, and, you know, they say, "Don't investigate Saudi Arabia.

Absolutely.

They're definitely more vulnerable, and they start off from a very, very uneven basis borrowing from institutions like the World Bank or the IMF or borrowing from other countries.

And even when they get, um, grants or, or when it's, uh, um, money funded through, uh, NGOs and, I mean, there's lots and lots of studies have proven that for every dollar invested in Africa in, in these kinds of projects, whether it was through, uh, uh, through America or through any other organizations or global, the, the World Health Organization, et cetera, they've proven that one dollar invested and they get so much, those countries or those organizations get so much back in return.

So are we really, really, are we r-really doing the right thing by borrowing from them, you know, because it's not gonna help us? And then what happens, why these countries are vulnerable is because imagine now you're borrowing in dollars and your currency is, you know, 40 times less than the value of the dollar, right? And then something happens.