Nigeria seeks debt reduction at IMF/World Bank summit

Nigeria’s Finance Minister Wale Edun is heading to the IMF and World Bank summit in Washington, D.C. to work on growing the economy while reducing debt, according to a statement released Tuesday.

The statement was signed by Mohammed Manga, Director of Information and Public Relations.

At the summit, Edun will meet with top officials from the IMF, World Bank, and International Finance Corporation. He’ll also join discussions about climate finance, energy transition, and debt restructuring.

After stabilising Nigeria’s economy over the past year, the government now wants to focus on creating jobs and making sure economic growth benefits everyone.

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Edun is using this global meeting to promote Nigeria’s economic plans, which include getting government finances in order, expanding social programs, and encouraging private business investment in key areas.

As Coordinating Minister of the Economy, Edun continues to push for changes that will strengthen Nigeria’s economy for the long term. His goal is to reduce poverty while ensuring development is fair and sustainable.

The Nigerian team includes top officials from the Finance Ministry, the Central Bank, and agencies that work with international financial organisations.

The Spring Meetings offer a good opportunity for strategic discussions and partnerships that could help unlock Nigeria’s growth potential. These talks are expected to significantly influence Nigeria’s economic direction and future policies.

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