World Bank to increase development support in Nigeria

The World Bank Country Director, Mr. Shubham Chaudhuri disclosed this when he led a World Bank team on a courtesy visit to the minister of Budget and Economic Planning, Sen. Atiku Bagudu on Tuesday in Abuja.

The World Bank Director said his focus is to work  with government at Federal and  State levels in transforming the country, catalyzing private investment and and Job creation, and also investing in children and creating opportunities for Nigeria’s youth and women.

Addressing the press shortly after his meeting with the minister, Chaudhuri said, “For Nigeria, we have been supporting a wide range of programmes,ranging from  school projects, economic empowerment and energy for rural areas.

“We have a wide range of support, specifically,  we discussed with the minister beyond financing, what we could do with ideas and experiences from other countries.

“In its critical role of budget and economic planning, budget function, we discussed with the minister how to ensure that public funds are spent as effective and efficiently for the common good of Nigerian people.

“We are not just financing, we hope we can provide ideas and some experience from other countries.

“The World Bank operate in about 120 countries of the world. So, part of our role is to share experiences. For instance, what works in Indonesia could work in Nigeria.

That is what we hope to do here.

“Specifically, we spoke about Nigeria’s Cash Program, ongoing programs implemented by the States, which the ministry is doing the coordination, not just for federal government but for sub-nationals”.

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