Nigeria, World Bank Agree to Strengthen Bilateral Relations- Minister

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria and the World Bank are working toward strengthening mutually beneficial bilateral relations.

Mr Edun said this when he received the World Bank Managing Director of Operations, Anna Bjerde, who was on a two-day visit to Nigeria.

The News Agency of Nigeria (NAN) reports that Ms Bjerde’s visit is in furtherance with the bank’s engagement with Nigeria on critical aspects of the development agenda.

Mr Edun urged more support for the country, while expressing the hope that the multilateral institution would appreciate the country’s reform efforts.

“The World Bank has been part of the progress report and we commend all their efforts,” he said.

Earlier, Ms Bjerde said she was in Nigeria to further the World Bank’s engagement on critical aspects of the country’s development agenda

She said the World Bank had more than 30 projects in Nigeria, adding that her visit would allow her to also take stock of the ongoing projects.

The Minister of Budget and Economic Planning, Atiku Bagudu, expressed appreciation to the World Bank for its continuing support for Nigeria.

Mr Bagudu said that President Bola Tinubu’s administration embarked on one of the biggest reforms, adding that the 2024 budget would reduce the deficit for the first time in recent years.

He also called for more support from the World Bank.

Also speaking, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, commended the World Bank for its support to the country over the years.

He said the World Bank’s support was not only in terms of dollars and cents, but also through the huge knowledge, which would be beneficial to the country.

“We look forward to more collaboration,” Mr Cardoso said.

(NAN)