World Bank commits over $11bn in three years in Nigeria

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The World Bank Country Director for Nigeria, Shubham Chaudhuri, on Wednesday, said the bank has committed over $11 billion in the past three years for government at both the federal and the sub-national levels.

He said, “I hope that through what we’ve been able to do we will be able to continue supporting you, as you realize this enormously important task. Chaudhuri commended President Tinubu’s bold steps since the assumption of office to chart a new course for Nigeria to provide the renewed hope agenda that he promised the citizens.

Montgomery said, “In a global context, the big challenges are the difficult global economy, shifting geopolitical and foreign policy pressures. And as I said in public before, I applaud the big and bold economic reforms that you are taking forward. I admire your leadership of ECOWAS , your strong voice on democracy, and your G20 international engagement, all of which have thrust Nigeria back onto the international stage.

“We can only support the process, not the content that is your sovereign decision of government. But your eight priorities area under the renewed hope agenda, Mr. President, you provide a clarity of purpose. “The UK stands ready to support in the spirit of mutual respect. The UK stands ready to stand up on our partnerships across a range of areas. And I wish you and your government all best wishes and goodwill in your work ahead.”

 

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