In a strategic move to enhance economic resilience and reduce reliance on external debt, the Federal Government of Nigeria has intensified its engagement with global financial institutions.

During a high-level meeting in Abuja, Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, met with World Bank Executive Director, Dr. Zainab Shamsuna Ahmed, to discuss economic partnerships, private sector-driven growth, and sustainable development.
Director of Information and Public Relations Muhammed Manga in a statement quoted Edun who joined by Minister of State for Finance, Dr. Doris Uzoka-Anite, and Permanent Secretary (Special Duties) Mr. Raymond Omenka Omachi, to have reaffirmed Nigeria’s commitment to fostering a business-friendly environment that attracts sustainable investments.
He emphasized the government’s strategy to explore alternative financing beyond traditional multilateral loans, thereby strengthening fiscal stability.

Dr. Ahmed, a former Nigerian Finance Minister, commended the country’s macroeconomic reforms, which she said have boosted investor confidence.
She also highlighted the World Bank’s recent financial reforms, which have increased its lending capacity by $150 billion over the next decade.

A major focus of the discussion was Nigeria’s participation in Mission 300, the World Bank’s initiative to provide electricity access to 300 million Africans. Edun reiterated Nigeria’s commitment to improving power infrastructure, noting its crucial role in driving industrial growth and private-sector competitiveness.

“With President Tinubu’s focus on strengthening Nigeria’s economic foundation and reducing dependency on external borrowing, the country is poised for sustainable, private sector-led development,” Edun stated.

As Nigeria deepens its collaboration with global institutions like the World Bank, the country is expected to witness increased investments, economic diversification, and improved infrastructure. These efforts align with the government’s broader vision for long-term prosperity and global economic integration.

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The Federal Government has announced strategic plans to restructure and recapitalize the Bank of Agriculture (BoA) to boost food production, enhance economic stability, and curb inflation.

Speaking at a progress review meeting in Abuja, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reaffirmed the government’s commitment to revitalizing the BoA as a key driver of Nigeria’s agricultural sector.
Director information and public relations Muhammed Manga in a statement quoted Edun to have emphasized that beyond monetary policies, Nigeria must implement fiscal and real-sector strategies to increase output, stabilize prices, and support economic growth.

The minister disclosed that the National Council on Privatization (NCP) has tasked a technical committee with developing a comprehensive roadmap for repositioning the BoA.
The goal is to transform the institution into a more efficient and well-capitalized entity capable of providing farmers with better access to credit, modern equipment, and infrastructure.

“With the right strategy and leadership, the BoA can drive agricultural expansion and contribute to long-term economic stability,” the minister stated.

The government’s renewed focus on agriculture comes amid efforts to tackle food insecurity and inflation, both of which have significantly impacted Nigerians.

Experts believe that a revitalized BoA will play a crucial role in unlocking Nigeria’s agricultural potential and strengthening its position as a leading food producer in Africa.

As the restructuring plan takes shape, stakeholders remain hopeful that this intervention will provide farmers with much-needed support, drive rural development, and create jobs in the agricultural value chain.

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In a major step toward strengthening investor confidence, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, hosted a high-level delegation from JP Morgan in Abuja.

The delegation, led by Dapo Olagunju, Head of West Africa, included major international investors with significant stakes in Nigeria’s Eurobonds and local securities.
Their visit, facilitated by JP Morgan, was part of a broader effort to assess Nigeria’s investment climate and explore new opportunities.
Director of Information and Public Relations, Mohammed Manga in a statement quoted
Minister Edun to have outlined the government’s recent economic achievements, including a successful Eurobond issuance completed without a roadshow, highlighting the strength of global investor engagement with Nigeria.
He reaffirmed President Bola Tinubu’s commitment to economic reforms, aimed at making Nigeria a more attractive destination for foreign direct investment (FDI).
The Minister shared updates on new agreements with the International Finance Corporation (IFC) to expand electricity access to 400,000 Nigerians, a move that aligns with the government’s broader infrastructure development agenda.
Addressing concerns about inflation, he assured investors that the Central Bank of Nigeria (CBN) is implementing orthodox monetary policies, while the government is boosting agricultural production to stabilize food prices.
The engagement with JP Morgan’s delegation underscores Nigeria’s growing appeal as a leading investment hub in Africa. With pro-business policies, economic stability efforts, and strategic global partnerships, the country continues to position itself as a prime destination for global investors.