The departing World Bank Country Director, Dr. Shubham Chaudhari, commended Nigeria for its proactive approach and strong efforts in bolstering monetary policies and promoting sustainable economic growth despite significant challenges.
During a gathering in Abuja hosted by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, Chaudhari expressed readiness for further collaboration and partnerships with Nigeria to support its development. Edun, in turn, lauded Chaudhari for his noteworthy contributions to Nigeria’s economic advancement, as mentioned in a statement from the finance ministry. He emphasized the World Bank’s crucial role in enhancing Nigeria’s economic competitiveness and socio-economic sustainability.
Acknowledging the achievements made under Chaudhari’s leadership, Edun reiterated Nigeria’s commitment to building on these accomplishments to drive further economic progress in alignment with the administration’s goals. Edun highlighted the current administration’s focus on fiscal reforms aimed at stimulating economic development, attracting foreign investments, creating job opportunities, reducing poverty, and improving living standards for Nigerians.
He invited foreign investors to explore the abundant opportunities in Nigeria, including a sizable and expanding market, abundant natural resources, and a skilled workforce. Emphasizing a favourable business environment, investment incentives, and growth potential in Nigeria, Edun encouraged international partners to consider investing in the country. Expressing Nigeria’s intention to remain a development partner with the World Bank, Edun assured that the government is dedicated to creating a supportive environment for businesses to flourish.
He urged international development partners to invest in Nigeria, emphasizing the diverse business opportunities and market potential for profit maximization in the country.
