World Bank Backs Nigeria’s Bold Reforms, Meets Coordinating Minister of the Economy.

By Raymond Enoch.

In a strong show of support for Nigeria’s economic transformation, the World Bank has reaffirmed its commitment to backing the country’s ambitious development agenda.

At a high-level meeting over the weekend in Abuja, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, hosted the World Bank Executive Director for Angola, Nigeria, and South Africa (ANSA) Constituency, Mrs. Zainab Shamsuna Ahmed, for a strategic policy briefing.

Mrs. Ahmed praised Nigeria’s leadership within Africa, especially during the recent Africa Caucus, and underscored the Bank’s readiness to provide technical and financial support aligned with the country’s reform priorities.

Minister Edun stated that Nigeria is targeting up to 7% GDP growth in the medium term, with a clear focus on infrastructure expansion, job creation, and unlocking private sector investments.

“Reforms such as subsidy removal, improved tax collection, and digitisation are already drawing in international capital,” Edun said. “Our focus areas—agriculture, power, and digital infrastructure—will build a stronger and globally competitive economy.”

He highlighted recent investments in manufacturing as a sign of renewed investor confidence and emphasized that Nigeria’s reform momentum, coupled with multilateral partnerships, will be critical in achieving inclusive and sustainable growth.

The meeting also had in attendance senior officials including the Permanent Secretary, Special Duties, Federal Ministry of Finance, Mr. Raymond Omenka Omachi; Special Adviser to the President on Finance and Economy, Mrs. Sayande Okoli; and the Director of International Economic Relations (IER-FMF), Mr. 5