Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with Anshula Kant, Managing Director and Chief Financial Officer of the World Bank, in Abuja to discuss ongoing economic reforms and strategies for attracting private investment.
During the meeting, Kant led a senior World Bank delegation and highlighted Nigeria’s role as central to the bank’s Africa strategy. She praised recent government actions such as foreign exchange liberalisation and subsidy removal, noting these measures have helped restore investor confidence. “Nigeria’s reform momentum is both necessary and commendable,” said Kant. “We stand ready to accelerate our support, particularly in energy, digital access, and youth employment, the pillars of a competitive, future-facing economy.”
Edun emphasized that Nigeria aims to boost growth through investments in infrastructure, agriculture, and digital innovation. He pointed to increased investor interest and improved reserves as evidence of progress. According to Edun: “The path to sustainable prosperity lies in unlocking private investment. The World Bank’s partnership is critical to achieving this.”
The discussions also included potential financial instruments designed to lower capital costs for businesses. These include blended finance platforms and new guarantee tools from the Multilateral Investment Guarantee Agency (MIGA), which could help expand financing options for small- and medium-sized enterprises.
Both parties agreed on continuing collaboration so that Nigeria’s reforms lead to more jobs, greater capital inflows, and stronger economic growth.