The World Bank has reiterated its commitment to supporting Nigeria’s economic reforms and development priorities, commending the country’s leadership role in continental platforms such as the recent Africa Caucus.
The assurance was given by Mrs. Zainab Shamsuna Ahmed, Nigeria’s former Minister of Finance and now World Bank Executive Director for Angola, Nigeria, and South Africa (ANSA) Constituency, during a weekend visit to the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. The meeting was held to provide a strategic briefing on Nigeria’s priorities within the Bank’s constituency.
Edun highlighted Nigeria’s ongoing reforms, including subsidy removal, improved tax collection, and digitisation, which he said are already attracting international capital and boosting investor confidence. He noted that fresh investments in manufacturing were signs of renewed trust in the Nigerian economy.
According to the minister, the government is targeting medium-term GDP growth of up to 7 per cent—more than double the population growth rate—to significantly improve living standards. He said structural reforms in agriculture, power, and digital infrastructure remain central to building a more competitive economy.
Edun welcomed the World Bank’s continued support, stressing that multilateral partnerships aligned with Nigeria’s reform drive would strengthen infrastructure, create jobs, and unlock private sector investment.
The statement was contained in a release signed by Mohammed Manga, Director of Information and Public Relations, Ministry of Finance.
