The World Bank has 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.
The bank’s Executive Director for Angola, Nigeria and South Africa (ANSA) Constituency at the World Bank, Mrs Zainab Shamsuna Ahmed, stated this when she paid a courtesy visit to the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in Abuja at the weekend for a strategic briefing on Nigeria’s priorities within the bank’s constituency.
At the meeting, 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.
He said: “We are targeting GDP growth of up to 7% in the medium term, more than double population growth and significantly raise living standards,” adding, “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.
