Nigeria seeks World Bank support on economic recovery
Posted: February 8th, 2024, 7:46 am
Anna Bjerde, the World Bank managing director of operations, has met with federal government authorities for talks on what she called “ambitious” plan of government to steer the economy towards recovery and what more support that Bretton Woods Institution can avail the Africa largest economy.
BusinessDay understands that ongoing talks are focused on macroeconomic reforms as well as Nigeria’s social safety net programs which the bank is hugely supporting especially at this time.
Bjerde who is visiting Nigeria for the first time said she is also in the country to assess the ongoing projects and Programme of the World Bank in order to decide on areas of further support for the country currently undergoing economic stress.
“I have come to Nigeria to have conversations and discussions over the coming days on the ambitious plans that are being put in place on economic recovery, but also on our program, which is one of our largest programs that we have.
“We have about 30 projects under implementation here in Nigeria, and it’s an opportunity for me to take stock of the progress and performance of our program and make sure that as the world bank, we provide all the support that we can as Nigeria embarks on reforms of its economy, and continues to focus on important transformation and opportunities,including in the energy sector, digitalization and human development,” Bjerde stated during an interaction with some select media on Wednesday evening.
Source: https://businessday.ng/news/article/nig ... -recovery/
BusinessDay understands that ongoing talks are focused on macroeconomic reforms as well as Nigeria’s social safety net programs which the bank is hugely supporting especially at this time.
Bjerde who is visiting Nigeria for the first time said she is also in the country to assess the ongoing projects and Programme of the World Bank in order to decide on areas of further support for the country currently undergoing economic stress.
“I have come to Nigeria to have conversations and discussions over the coming days on the ambitious plans that are being put in place on economic recovery, but also on our program, which is one of our largest programs that we have.
“We have about 30 projects under implementation here in Nigeria, and it’s an opportunity for me to take stock of the progress and performance of our program and make sure that as the world bank, we provide all the support that we can as Nigeria embarks on reforms of its economy, and continues to focus on important transformation and opportunities,including in the energy sector, digitalization and human development,” Bjerde stated during an interaction with some select media on Wednesday evening.
Source: https://businessday.ng/news/article/nig ... -recovery/
