Nigeria and the World Bank deepened their development partnership following high-level discussions in Abuja on Thursday, February 5, 2026, aimed at accelerating economic growth, attracting investment, and strengthening key sectors.
The meetings, led by Finance and Coordinating Minister of the Economy Wale Edun and the World Bank’s Managing Director of Operations Anna Bjerde, focused on expanding electricity access, boosting agricultural productivity, advancing digital infrastructure, improving trade flows, and mobilising private-sector investment.
In a statement, the Ministry of Finance said the discussions reaffirmed President Bola Tinubu’s economic agenda and reflected rising global confidence in Nigeria’s reform programme.
The ministry highlighted strong momentum across critical sectors, driven by decisive policy action and a renewed emphasis on growth, investment, and job creation.
Edun stressed that the government’s priority is to create an environment where investment flows, businesses grow, and Nigerians gain meaningful employment.
Power sector reforms remain central, with programmes targeting increased access, grid stability, and expanded renewable and off-grid energy solutions to support industrial productivity and business growth.
Agricultural initiatives aim to improve productivity through enhanced financing, irrigation, and value-chain development, promoting food security, rural employment, and agro-industrial expansion.
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Digital infrastructure development is prioritised to expand broadband connectivity, strengthen digital public systems, and support technology-driven governance, fostering innovation and efficient service delivery.
Trade reforms focus on reducing logistics bottlenecks, improving port operations, and facilitating cross-border commerce to lower costs and enhance competitiveness.
The partnership also emphasises policy reforms and public-private collaboration to attract domestic and foreign investment.
The February 5 discussions reflect Nigeria’s broader strategy to close infrastructure gaps, increase productivity, and drive sustainable economic growth through global partnerships.