The World Bank has committed $16 billion in support of Nigeria’s development across health, education, and infrastructure sectors.
THE NATION
The World Bank has reaffirmed its commitment to Nigeria with a $16 billion active portfolio focused on critical sectors of the economy. The disclosure was made by the World Bank Country Director for Nigeria, Shubham Chaudhuri, during a meeting with the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, in Washington D.C.
Chaudhuri said the portfolio spans education, health, agriculture, infrastructure, and social protection, aimed at supporting inclusive and sustainable development. “We’re very proud to continue to support the government’s reform efforts,” he stated.
The Minister of Finance welcomed the support, noting it aligns with President Bola Tinubu’s Renewed Hope Agenda. He emphasized the importance of strong partnerships in achieving fiscal and economic stability.