Bjerde and a World Bank delegation were received on Tuesday by President Bola Tinubu and Vice-President Kashim Shettima. The visit underscores the World Bank’s sustained engagement with Nigeria as the country pursues ambitious economic and social objectives.
Consistent Reforms Yielding Confidence
The World Bank official highlighted Nigeria’s determination to remain committed to reforms, even amid significant challenges. She said that this steadfastness has generated positive results that have been recognized by investors, policymakers, and the private sector alike.
“Nigeria has become a frequent global reference point for steady, credible reform,” Bjerde said, describing the country’s reform approach as a model of persistence and direction.
Partnership Framework Anchored in Nigeria’s Vision
Bjerde also noted that the World Bank’s forthcoming country partnership framework will be grounded in Nigeria’s own development goals, including the target of achieving a $1 trillion gross domestic product (GDP) and sustaining 7 percent economic growth. The framework is expected to align closely with national priorities and support the government’s long-term agenda.
Access to Finance and Job Creation
The World Bank MD emphasized the need to improve access to finance for businesses, particularly mid-sized firms, which she described as crucial drivers of employment and economic expansion. Enhancing financing options for small, medium, and large enterprises remains a key focus area for future collaboration.
Early Childhood Development as a Strategic Priority
Bjerde also commended Nigeria’s focus on early childhood development, describing it as vital for long-term productivity. She highlighted that many countries, including middle-income and upper-middle-income nations, are grappling with rising levels of child stunting, making early interventions a critical entry point for sustainable growth.
“Early childhood development is a strong entry point,” she said, adding that the World Bank is eager to support Nigeria’s efforts in this area.
Continued Support from the World Bank Group
The MD reaffirmed the World Bank’s commitment to a programme that combines public and private sector support and is aligned with Nigeria’s priorities. She said the World Bank, through its institutions—including the International Development Association (IDA), the International Bank for Reconstruction and Development (IBRD), and the International Finance Corporation (IFC)—stands ready to continue backing Nigeria’s reform agenda.
The meeting was attended by key government officials, including Finance Minister and Coordinating Minister of the Economy Wale Edun, and Deputy Chief of Staff to the President, Ibrahim Hassan Hadejia.