World Bank urges FG to ensure effective use of public funds
The World Bank has urged the federal government to prioritize the effective use of public funds.
The bank’s Country Director, Mr Shubham Chaudhuri, made this known during a courtesy visit to the Minister of Budget and Economic Planning, Atiku Bagudu, in Abuja.
Chaudhuri stated that the World Bank’s primary focus is to collaborate with the Nigerian government at both the federal and state levels in order to bring about transformation in the country.
This includes catalysing private investment and job creation, investing in children, and creating opportunities for Nigeria’s youth and women.
Following the meeting with the Minister, Chaudhuri addressed the press and highlighted the various programs that the World Bank has been supporting in Nigeria.
These programs range from school projects to economic empowerment and energy provision in rural areas. He also mentioned that, in addition to financial support, the bank discussed with the minister the possibility of sharing ideas and experiences from other countries.
The World Bank’s engagement with the Nigerian government is aimed at ensuring that public funds are utilized effectively and efficiently. This is crucial for the development and progress of the country, as it will help to address various challenges and improve the lives of Nigerians.
By working closely with the government, the World Bank aims to bring about positive change in Nigeria. This includes promoting economic growth, reducing poverty, and creating opportunities for the country’s citizens, particularly the youth and women.
The bank’s support extends beyond financial assistance. It also involves sharing knowledge and experiences from other countries, which can help Nigeria in its development efforts.
The World Bank’s commitment to Nigeria is evident in its wide range of support programs. These initiatives cover various sectors, including education, economic empowerment, and energy provision. By investing in these areas, the bank aims to contribute to the overall development and progress of Nigeria.
The bank’s collaboration with the Nigerian government is crucial for the successful implementation of its programs. By working together, both parties can ensure that public funds are utilised effectively and efficiently, leading to tangible improvements in the lives of Nigerians.
The World Bank’s visit to the Minister of Budget and Economic Planning signifies its dedication to supporting Nigeria’s development agenda.
Through its engagement with the government, the bank aims to bring about positive change and create opportunities for the country’s citizens.
The bank’s focus on catalysing private investment and job creation is particularly important for Nigeria’s economic growth. By attracting investments and creating employment opportunities, the country can experience sustainable development and reduce poverty.
Furthermore, the World Bank’s emphasis on investing in children and creating opportunities for Nigeria’s youth and women is crucial for the country’s future. By prioritizing education and empowerment, the bank aims to equip the younger generation with the necessary skills and resources to contribute to the country’s development.
The World Bank’s engagement with the Nigerian government highlights its commitment to ensuring that public funds are spent effectively and efficiently for the benefit of Nigerians.
Through its support programs and collaboration with the government, the bank aims to bring about positive change and create opportunities for the country’s citizens.
