FG, World Bank Partner to Boost Energy, Agriculture, Trade

FG, World Bank Partner to Boost Energy, Agriculture, Trade

By 𝔸bdulrazak Tomiwa

The Federal Government and the World Bank have partnered to enhance national productivity and economic competitiveness.

During talks in Abuja, Finance Minister, Wale Edun and World Bank MD, Anna Bjerde agreed on a framework to drive long-term growth. The collaboration signals a shared commitment to building a more resilient and investment-friendly economy.

A primary focus of this agreement is expanding reliable energy access and strengthening the agricultural sector.

Both parties identified steady electricity as the engine for industrialization and robust farming as the key to food security. By prioritizing these sectors, the government aims to create a stable foundation for a more productive society.

The partnership also targets the acceleration of digital infrastructure and the improvement of trade flows. With Nigeria serving as the host of ECOWAS, the government intends to leverage its regional influence to become a central economic hub.

These efforts are designed to reduce business costs and better integrate Nigeria into the global marketplace.

The World Bank praised President Bola Tinubu’s economic reforms, citing increased confidence among international investors. Ms. Bjerde reaffirmed the Bank’s support for an investment-led strategy to attract large-scale private capital.

This cooperation is intended to bridge infrastructure gaps and stimulate sustainable job creation across the country.

Ultimately, the agreement highlights the government’s resolve to foster an environment where businesses can flourish.

Minister Edun attributed this progress to decisive policy shifts aimed at long-term stability. Through this World Bank partnership, Nigeria seeks to solidify its position as one of Africa’s leading and most diversified economies.