FG strengthens the economic ties with the World Bank as the reforms earn the momentum – Thage

Lr; Lydia Shehu Jafiya- Permanent Secretary, Federal Finance Ministry, Doris Uzoka-Anethe, Minister of Finance, Victor of Ousmani Diagana for the Region of West and Central Africa, Wale Edun-Finance World Bank, Dr. Ndamabache Minister Duramamatice Durmamabile Minider, Dure Minister Dormamatice General General General for Nigeria, the World Bank, the World Bank, the World Bank, the bank. Special Consultant of Sanyade Okoli- of the President for Finance and Economy Abebe Adugna-Regional, director of prosperity in the West and Central Africa region, World Bank and director of Trina Haque-Regional for human development in the West and central African region, World Bank

By Barth Ikiebe

The federal government reiterated its commitment to implement the various economic reforms of the administration led by President Bola Ahmed Tinubu aimed at improving the life of the Nigerians.

The Minister of Finance and the Coordination of the Economy, Wale Edun, gave the certainty on Monday in Abuja when he received a high -level delegation from the World Bank, led by Ousmane Diagana, vice -president for western and central Africa.

The minister reiterated the attention of the government on three key areas: to improve the speed of delivery of the project, resize the biometric verification for 15 million people on the national social register and accelerate the implementation of the Mission 300 initiative.

He announced the establishment of a compact delivery and monitoring unit and has requested a state update to ensure that the nation remains on the way to establish new records in approval and in the execution of the project.

The key areas of collaboration include an increase in agricultural productivity, better access to funding for SMEs, an improved digital transformation and a wider financial inclusion.

Speaking previously, Ousmane Diagana said that their visit was to reaffirm the support for the economic reform agenda of President Bola Tinubu and development priorities.

Diagana praised the recent growth of Nigeria’s GDP of 3.4% – the strongest since 2014 – and praised government progress in stabilizing the economy and improving the portfolio performance.

He underlined the need to maintain the momentum of the reform to obtain inclusive growth and creation of jobs and highlighted the position of Nigeria as the largest portfolio of the World Bank in Africa, with commitments for a total of about $ 17 billion.

He also welcomed Nigeria’s leadership on the Mission 300-A Pan African impulse to expand access to energy to 300 million people-and urged a greater implementation of social protection measures, in particular targeted cash transfers.

With the continuous support of the World Bank for the economic reforms of Nigeria, the country is ready to reach significant goals in its development path.

Our correspondent reports that the attention of the federal government on inclusive growth, the creation of jobs and social protection measures will undoubtedly improve the life of the Nigerians, in particular the most vulnerable in society.

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