Nigeria has emerged as a frequent global reference point for reform implementation, World Bank managing director of operations Anna Bjerde said, citing the country’s recent policy shifts as examples of how decisive reforms can reshape economic governance and restore investor confidence.
Meeting with Top Leadership
Bjerde made the remarks on Tuesday at the State House, Abuja, during a meeting with President Bola Tinubu and Vice-President Kashim Shettima, where she and a World Bank delegation discussed the country’s reform progress.
Commendation for Results Achieved
“Nigeria is a frequent example in my discussions with people around the world, presidents, policymakers, and investors, because the results achieved in these two years are really commendable,” she said.
Persistence in Reform Implementation
The World Bank MD praised the Nigerian government for staying the course despite challenges in reform implementation, noting that persistence is key to achieving desired results (according to The Cable).
Jobs-Focused Plan Aligned with GDP Vision
Bjerde outlined the bank’s jobs-focused plan for Nigeria, aligning with President Tinubu’s $1 trillion GDP vision. The plan targets infrastructure, agriculture, small and medium enterprises (SMEs), and human development initiatives.
Financial Support and Job Creation
She highlighted $17 billion in public-sector support, $5 billion in annual International Finance Corporation (IFC) funding, and guarantees designed to boost job creation.
Nigeria as a Model for Africa
The MD also emphasized Nigeria’s role as a top country to watch in Africa, commending the government’s openness to World Bank partnerships, digital initiatives, and private sector growth.
Positioning Nigeria as a Global Example
According to Bjerde, these reforms have positioned Nigeria as a model for other nations seeking tangible results in economic development.
