Economy & Market

World Bank’s Nigeria Portfolio Hits $16b amid Efforts to Accelerate Growth, Job Creation

The World Bank yesterday put its total ongoing, approved development projects and lending operations in the country at over $16 billion spread across several interventions including education, health, social protection, energy, and infrastructure among others.

This came as the bank’s Managing Director of Operations, Anna Bjerde, yesterday commenced a three-day visit to Nigeria to discuss how the World Bank Group can best support the country’s efforts to accelerate growth and job creation.

In a meeting with the World Bank MD, Governor of Lagos State, Babajide Sanwo-Olu, reaffirmed his administration’s commitment to partner the Bretton Woods institution in the developing energy, agriculture, tourism and human capital in the state.

The governor said Lagos was ready to do more to attract investments and partnerships that will improve the living standard of the residents, adding that the State Government will do what is necessary to receive more support from the World Bank to improve its infrastructure.

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