President Tinubu Seeks World Bank Support for Nigeria's Economic Reforms, Focus on Agriculture and Youth Employment
President Bola Tinubu has called for increased World Bank support to accelerate Nigeria's economic reforms, particularly in the sectors of agriculture, youth employment, and private sector development.
During a meeting in Abuja on Tuesday with a World Bank delegation led by Managing Director of Operations, Anna Bjerde, Tinubu reaffirmed his administration's commitment to reform despite initial hurdles. He noted that inflation has decreased and the naira has stabilized, signaling positive economic shifts.
The president outlined plans to modernize agriculture through mechanization and cooperatives, aiming to boost productivity, create jobs for young Nigerians, and enhance industries such as petrochemicals.
In response, Bjerde commended Nigeria's ongoing reform efforts, calling them a global benchmark, and emphasized the importance of agriculture and small businesses in driving job creation. She also shared that the World Bank has provided $17 billion in public sector financing, $5 billion in private sector support, and over $500 million in guarantees to back Nigeria's reform initiatives.
This meeting highlighted Nigeria’s strategic focus on securing global backing to achieve sustainable economic growth and job creation.
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