Abuja, Aug. 30, 2023: The Federal Government has reiterated its commitment to reform the Nigerian economy.
The Minister of Budget and Economic Planning, Sen. Abubakar Bagudu reinstated the commitment when he received the Country’s Director of World Bank, Shubham Chaudhuri, at a courtesy visit on Tuesday evening in Abuja.
Bagudu said that President Bola Tinubu was fully committed to the economic reforms.
The minister who commended the world bank for its social intervention programmes in Nigeria said that the collaboration would help stimulate competence and capacity building initiatives.
He recalled that a team from the World Bank sometimes ago had a meeting with the ministry after the launch of the National Development Plan (NDP) 2021-2025.
He also recalled that the team pledged its support to the ministry using an existing facility.
Such as The Federal Ministry Finance Budget and National Planning on capacity building in the areas of macroeconomic modeling and training, but no follow up action from the bank.
“We commend the European Union (EU) and World Bank team for collaboration towards implementation of the EU support to development impact evaluation in 2022.
“The initiative which is meant to strengthen the data ecosystem, intervention and evaluation designs in Nigeria is yet to materialise,” Bagudu said.
The Country’s Director of World Bank, Mr Shubham Chaudhuri, reiterated the bank’s support to the Federal Government.
“We have wide range of government support, we are going to support beyond finance.
“We are going to support with ideas and experiences from other countries on how they got it right,” Chaudhuri said.
