The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,received the Executive Director for the Angola, Nigeria, and South Africa (ANSA) Constituency at the World Bank, Mrs. Zainab Shamsuna Ahmed, for a strategic briefing on Nigeria’s priorities within the Bank’s constituency.
Mrs. Ahmed reaffirmed the World Bank’s commitment to supporting Nigeria’s development agenda and commended the country’s leadership role in continental forums, including the recently concluded Africa Caucus.
In his remarks, Minister Edun stressed that Nigeria remains focused on channeling multilateral support into impactful projects that expand infrastructure, create jobs, and unlock private sector investment. He noted that ongoing reforms—such as fuel subsidy removal, improved tax collection, and digitisation—are already attracting international capital, with new investments in manufacturing underscoring renewed confidence in the Nigerian economy.
“We are targeting GDP growth of up to 7% in the medium term, more than double the rate of population growth, with the goal of significantly raising living standards,” the Minister stated. “Our focus is on structural reforms in agriculture, power, and digital infrastructure to build a stronger, more competitive economy.”
Minister Edun welcomed the World Bank’s continued partnership, emphasising that Nigeria’s reform momentum, combined with strategic multilateral support, will provide the foundation for sustainable growth and private sector–led development.
