More
    HomeBusinessFG hails World Bank report on economic progress 

    FG hails World Bank report on economic progress 

    Published on

     

    BY SAM OTUONYE 

    The Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun has reaffirmed the government’s commitment to private-sector-led growth, as the World Bank launched its latest Nigeria Development Update (NDU) themed ‘Building Momentum for Inclusive Growth.’

    Edun, who described the Bank as “a tremendous development partner,” praised its technical support and concessional financing via the International Development Association.

    “We’d like them to continue and to give us more of that to boost us on our way,” he said.

    The Minister highlighted progress on fiscal transparency and renewed investor interest across key sectors, stating, “It is investment that grows the economy, creates high-quality jobs, and lifts Nigerians out of poverty in their millions.”

    The World Bank projected 3.6% growth in 2025, citing Nigeria’s strongest economic performance in a decade, improved revenue mobilisation, and rising foreign reserves.

    “There is a lot to be positive about in Nigeria,” said Acting Country Director Taimur Samad, while calling for continued monetary discipline to curb inflation.

    The NDU is the Bank’s flagship economic report, published twice a year to support evidence-based policymaking.

    A statement by the Ministry said that as Nigeria builds momentum for inclusive growth, the government’s commitment to private-sector-led development and the World Bank’s support underscore a promising future for the country’s economy. With sustained investment and prudent policy decisions, Nigeria is poised to unlock its vast potential and drive sustainable growth.

    Latest articles

    Hardship: Tertiary students sell sperm, eggs to survive in Kwara

    Some tertiary students of Kwara State polytechnic have reportedly resolved to sell their sperm...

    Kaduna gov urges mobilisation over low voter registration

    The Kaduna State Government has expressed concern over the low turnout of citizens in...

    Many feared trapped as five-storey building collapses in Anambra

    Many were, on Thursday, feared trapped following collapse of a five-storey building in Okpuno...

    Atiku refutes ‘Yorubas are my in-laws’ story, says it’s fake news

    The 2023 presidential candidate of the Peoples Democratic Party (PDP) and a former Vice...

    More like this

    Hardship: Tertiary students sell sperm, eggs to survive in Kwara

    Some tertiary students of Kwara State polytechnic have reportedly resolved to sell their sperm...

    Kaduna gov urges mobilisation over low voter registration

    The Kaduna State Government has expressed concern over the low turnout of citizens in...

    Many feared trapped as five-storey building collapses in Anambra

    Many were, on Thursday, feared trapped following collapse of a five-storey building in Okpuno...