Nigeria and the World Bank have reached an agreement aimed at accelerating economic reforms, attracting large-scale investments, and creating more jobs for the country’s rapidly growing population.
The agreement followed high-level discussions in Abuja this week between Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the World Bank Group’s Managing Director of Operations, Ms. Anna Bjerde. Senior officials from both the Nigerian government and the World Bank were also in attendance.
According to a statement issued by the Ministry of Finance on Thursday, the talks centered on moving Nigeria’s reform agenda beyond policy frameworks to achieve tangible results that positively affect the daily lives of citizens. The discussions highlighted areas such as job creation, private sector investment, and broader economic competitiveness.
Analysts say the partnership could help Nigeria unlock new avenues of funding and expertise, accelerating projects that address critical infrastructure, social services, and business development. With a population projected to exceed 220 million by 2030, creating sustainable employment and investment opportunities is becoming increasingly urgent.
“This collaboration demonstrates a shared commitment to translating reforms into real-world outcomes for Nigerians,” the statement added, signaling a focused approach to economic growth and development.
