Oritsegbubemi Omatseyin


Lagos —

Nigeria’s federal government has urged the World Bank Group to prioritize targeted investments in critical sectors that drive sustainable development aimed at elevating the country’s development agenda.

The Minister of State for Finance, Dr. Doris Uzoka-Anite, made the urge in New York when she participated in the thematic session on the World Bank Group’s Contribution to Financing for Development, FFD, where she underscored the need to match the Bank’s expanded financial capacity with targeted, transformative investments in key sectors of the economy.
Dr. Uzoka-Anite highlighted the significance of investing in agriculture, improving energy accessibility, and developing human capital. She referenced several influential programs supported by the World Bank, such as the Agriculture Sector Recovery and Sustained Livelihoods Program, known as ACReSAL, along with ANRiN.
The Minister pointed out these programs as illustrations of successful collaboration between Nigeria and the World Bank Group, showing how strategic investments can lead to significant developmental benefits.
Through focused investment in crucial areas, the World Bank Group can enhance its effectiveness in aiding nations such as Nigeria in reaching their developmental objectives.
The federal government has reiterated its dedication to collaborating with the World Bank Group in order to promote sustainable growth and enhance the well-being of Nigerians, aligning with the goals set forth under the Renewed Hope Agenda of the administration led by President Bola Ahmed Tinubu.