The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has that Nigeria is committed to channelling multilateral support into impactful projects that expand infrastructure, create jobs, and unlock private sector investment.
The minister stated this when he received the Executive Director for Angola, Nigeria and South Africa (ANSA) Constituency World Bank Mrs Zainab Shamsuna Ahmed, at the weekend for a strategic briefing on Nigeria’s priorities within the Bank’s constituency.
This was was contained in a statement signed by the Ministry’s Director, Information and Public Relations, Mohammed Manga FCAI, as the World Bank reaffirmed support for Nigeria’s development agenda.
Mrs 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.
