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President Bola Ahmed Tinubu on Tuesday hosted a high-level delegation from the World Bank and the International Finance Corporation (IFC) at the Presidential Villa, Abuja, as Nigeria seeks to deepen economic reforms and attract greater foreign investment.
The delegation, led by senior officials of the Bretton Woods institutions, held extensive discussions with the President on development financing, infrastructure expansion, private sector participation and policy reforms aimed at stabilising and growing Africa’s largest economy. The meeting underscored Nigeria’s strategic partnership with the World Bank Group in addressing fiscal, energy and social sector challenges.
President Tinubu reiterated his administration’s commitment to reform-driven governance, noting that recent policy decisions were designed to restore investor confidence, improve transparency and stimulate inclusive growth. He emphasised the need for sustained international support, particularly in power, transportation, agriculture and human capital development.
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According to the President, Nigeria remains open to innovative financing models and private capital mobilisation to bridge infrastructure deficits, while ensuring that reforms translate into tangible benefits for citizens. He said his government was focused on creating a predictable business environment that allows both local and foreign investors to thrive.
World Bank and IFC officials commended the government’s reform efforts, especially in fiscal management and the energy sector, and pledged continued technical and financial support. They noted that Nigeria’s scale and economic potential make it central to the World Bank Group’s development agenda in Africa.
The discussions also touched on job creation, social protection programmes and climate-resilient projects, with the delegation highlighting opportunities for expanding investments in renewable energy, digital infrastructure and small and medium-scale enterprises.
The meeting comes amid Nigeria’s ongoing engagement with multilateral partners as it navigates economic adjustments and seeks sustainable pathways to growth, poverty reduction and long-term development.
