World Bank MD Eulogises Nigeria as Global Reference Point for Effective Reforms
The World Bank’s Managing Director for Operations, Anna Bjerde, has described Nigeria as a growing global reference point for steady and credible reform leadership, citing the federal government’s consistency and resolve in implementing difficult economic reforms.
Bjerde made the remarks on Tuesday at the State House in Abuja during a meeting between a World Bank delegation and President Bola Tinubu, alongside Vice-President Kashim Shettima.
According to a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy, the World Bank official commended Nigeria’s reform trajectory over the past two years, noting that the government has remained committed despite significant economic and social challenges.
She said the consistency of the reforms and the early positive outcomes have strengthened confidence among investors, policymakers, and the private sector, positioning Nigeria as an example frequently referenced in global reform discussions.
Bjerde also disclosed that the World Bank’s forthcoming Country Partnership Framework (CPF) for Nigeria is firmly anchored on the country’s own development priorities.
These include the ambitious target of achieving a $1 trillion gross domestic product (GDP) and sustaining annual economic growth of about seven percent.
Highlighting areas requiring further attention, the World Bank MD called for improved access to finance across enterprises of all sizes, with particular emphasis on mid-sized firms. She described such businesses as critical drivers of job creation and economic expansion.
In addition, Bjerde praised Nigeria’s renewed focus on early childhood development, stressing that investments in education and human capital at an early stage are essential for long-term productivity and inclusive growth.
She reaffirmed the World Bank’s commitment to supporting Nigeria’s reform agenda, pledging continued partnership to help the country achieve sustainable economic growth and development.
President Tinubu, in his response, reiterated his administration’s determination to pursue reforms aimed at stabilising the economy, attracting investment, and improving the living standards of Nigerians.
