So, what exactly does the World Bank want to do for Nigeria?

Well, it’s not quite clear yet but it would be within Buhari’s economic plan which is the Economic Recovery and Growth Plan, ERGP.

According to the World Bank’s Vice-President for Africa, Hafez Ghanem, who gave an indication of some technical support in Abuja during a discussion with the Minister of Budget and National Planning, Udoma Udo Udoma, the lender accorded Nigeria top priority in its considerations.

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He said the bank would be willing to provide technical support for Nigeria in the areas of the ERGP mid-term review, power sector reform, Public-Private Partnerships and population management.

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The World Bank is also disposed to providing technical support on the ERGP delivery, performance tracking and reporting, capacity building for sector officials and economic modelling for policy analysis and forecasting, Ghanem stated.

He added that the bank would increase its support for Nigeria’s Social Investment Programme.

Udoma stated that it would be appreciated if the World Bank vice-president could help designate a special session during the forthcoming International Monetary Fund/World Bank meetings in Indonesia to enable Nigerian representatives speak to participants about the ERGP so as to be able to attract more investments into the country to further facilitate the achievements of the objectives and targets of the plan.

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