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Nigeria's GDP may decline by $139bn in 2030 –World Bank


Nigeria’s GDP may decline by $139bn in 2030 –World Bank
The Punch
Published 11 July 2021
A new World Bank report estimates that the collapse of ecosystem services provided by nature including wild pollination, food from marine fisheries and timber from forests could result in Nigeria’s GDP declining by $139bn in 2030.
The report titled ‘The economic case for nature’ underscored the strong reliance of economies on nature, particularly in low income countries.
The report highlighted that Sub-Saharan Africa and South Asia would suffer the most relative contraction of real GDP due to a collapse of ecosystem services by 2030, 9.7 per cent annually and 6.5 per cent respectively. ....

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World Bank approves $3bn for vaccines in Africa, others


Punch Newspapers
Sections
Published 15 June 2021
The World Bank has announced that it has approved $3bn in funding to cover vaccination in 32 countries, 15 of which are in Africa.
In a statement issued in advance of the G7 Leaders’ Summit, World Bank Group President, David Malpass, said it had committed over $125bn since the start of the pandemic to combat the economic and social impacts of the pandemic.
“Since the start of the COVID-19 pandemic, the World Bank Group has committed over $125bn to fight the health, economic, and social impacts of the pandemic, the fastest and largest crisis response in our history. ....

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