The World Bank has reaffirmed its commitment to supporting Nigeria’s development agenda while applauding the country’s leadership role in continental fora, including the recent Africa Caucus.
The reaffirmation was conveyed by Nigeria’s former minister of finance and current World Bank Executive Director for Angola, Nigeria and South Africa (ANSA) Constituency at the World Bank Mrs Zainab Shamsuna Ahmed.
She spoke at the weekend during a visit to the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun for a strategic briefing on Nigeria’s priorities within the Bank’s constituency.
In his remarks, Edun explained that Nigeria was committed to channelling multilateral support into impactful projects that expand infrastructure, create jobs, and unlock private sector investment. The minister noted that reforms such as subsidy removal, improved tax collection, and digitisation are already attracting international capital, with new investments in manufacturing signalling renewed confidence in Nigeria’s economy.
“We are targeting GDP growth of up to 7% in the medium term, more than double population growth and significantly raise living standards.
“Our focus is on structural reforms in agriculture, power, and digital infrastructure to build a stronger, more competitive economy,””
he said.
Edun welcomed the World Bank’s continued partnership, stressing that Nigeria’s reform momentum, combined with strategic multilateral support, will lay the foundation for sustainable growth and private sector led development, a statement issued by the Director, Information and Public Relations, Ministry of Finance, Mohammed Manga said.
Ndubuisi Francis
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