World Bank reaffirms support for Nigeria’s development agenda

Politics

THE  minister of Finance and Coordinating Minister of the Economy, Wale Edun, has received the executive director for Angola, Nigeria and South Africa (ANSA) Constituency at the World Bank, Zainab Shamsuna Ahmed, weekend for a strategic briefing on Nigeria’s priorities within the Bank’s constituency.

Ahmed reaffirmed the bank’s commitment to supporting Nigeria’s development agenda and praised the country’s leadership role in continental forums, including the recently Africa Caucus.

Edun emphasised that Nigeria is committed to channelling multilateral support into impactful projects that expand infrastructure, create jobs, and unlock private sector investment. He 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,” the Minister said. “Our focus is on structural reforms in agriculture, power, and digital infrastructure to build a stronger, more competitive economy.”

The minister 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.

Caption: L-R1. The Permanent Secretary Special Duties Federal Ministry of Finance Mr Raymond Omenka Omachi 2. The Executive. Director forAngola, Nigeria and South Africa (ANSA) Constituency at the World Bank, Mrs Zainab Shamsuna Ahmed 3. The Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun. 4. The Special Adviser to the President on Finance and Economy Mrs Sayande Okoli and 5. Director, International Economic Relations (IER-FMF), Federal Ministry of Finance Mr George Stanley, in a group photograph shortly after the meeting with the ED, at the Ministry’s Headquarters, Abuja, weekend.

A.I

Aug. 24, 2025

Tags: Wale Edun World Bank

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