The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today received Ms. Anshula Kant, Managing Director and Chief Financial Officer of the World Bank, for a high-level engagement focused on deepening economic reforms and mobilising private capital for growth.<\/p>\n
Ms. Kant, who led a senior delegation to Abuja, described Nigeria as a cornerstone of the World Bank\u2019s Africa strategy and praised the government\u2019s bold macroeconomic reforms, including foreign exchange liberalisation and subsidy removal, for restoring investor confidence and laying the foundations for inclusive, private sector\u2013driven development.<\/p>\n
Nigeria\u2019s reform momentum is both necessary and commendable, she noted. We stand ready to accelerate our support, particularly in energy, digital access, and youth employment, the pillars of a competitive, future-facing economy.<\/p>\n
HM Edun reiterated that Nigeria\u2019s priority is scaling growth through strategic investment in infrastructure, agriculture, and digital innovation. He cited renewed investor interest, improved reserves, and over $7 billion in oil and gas commitments as early signals of success. The path to sustainable prosperity lies in unlocking private investment. The World Bank\u2019s partnership is critical to achieving this, he said.<\/p>\n
The meeting also explored innovative financial tools to reduce the cost of capital and boost SME financing, including blended finance platforms and new guarantee instruments under MIGA.<\/p>\n
The session concluded with a shared commitment to deepen collaboration, ensuring Nigeria\u2019s reforms translate into jobs, capital flows, and resilient economic growth for the benefit of all.<\/p>\n
Signed
\nMohammed Manga FCAI
\nDirector, Information and Public Relations
\nJuly 25, 2025<\/p>\n
www.finance.gov.ng<\/p>\n
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