Nigeria and World Bank Move to Create Jobs and Power
By Patience Ikpeme
Nigeria and the World Bank have reached a new agreement to speed up economic reforms that will bring in big money and create better lives for the country’s growing population.
This plan was solidifed during a meeting in Abuja between the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the World Bank’s Managing Director of Operations, Anna Bjerde.
The Ministry of Finance explained that the meeting shows Nigeria is moving away from just talking about changes to actually seeing real results. The goal is to build a solid economy that provides steady jobs and peace of mind for every Nigerian.
According to the Ministry, the talks showed that the world is starting to trust Nigeria’s economic plans under President Bola Ahmed Tinubu. Mr. Wale Edun noted that there is a lot of energy in many parts of the economy because of the bold steps the government has taken to encourage growth and investment.
The two teams talked mostly about how to provide more constant electricity, make farming stronger, improve internet services, and make it easier for goods to move in and out of the country. They also looked at ways to get private business owners to put more money into the country to make Nigeria more competitive.
Nigeria also made it clear that it wants to lead the way in energy reforms and become the main business center for West Africa, especially since Abuja is already the home of ECOWAS.
Ms. Bjerde from the World Bank said she was happy with the progress Nigeria is making. she praised the government for having a clear plan and said that international markets and partners are becoming more confident in the country.
She said the World Bank supports Nigeria’s plan to grow through investments, especially in building infrastructure and making it easier for the private sector to participate in the economy.
The Ministry of Finance stated that the meeting was about “Nigeria’s transition from reform to results and a shared commitment to building a stronger economy that delivers jobs, stability, and prosperity for Nigerians.”
The government believes that with these steps, the country is on the right path to becoming a hub for investment and a place where every citizen can find an opportunity to succeed.
