Outgoing World Bank Country Director Lauds Nigeria’s Monetary Policy Efforts

Ndubuisi Francis in Abuja

The outgoing World Bank Country Director,  Dr. Shubham Chaudhari has  commended Nigeria for its proactive measures and robust efforts in bracing up monetary policies and in fostering sustainable economic development despite the daunting challenges.

Chaudhari, who spoke at an event hosted in his honour by the Minister of Finance and Coordinating Minister of the Economy,  Mr. Wale Edun in Abuja, said the World Bank’s doors were wide open for more collaboration and partnerships for the country’s growth.

Speaking at the event, Edun commended Chaudhari for his significant contributions to Nigeria’s economic growth.

A statement issued by the finance ministry, said Edun acknowledged the crucial role of the World Bank in promoting socio-economic sustainability and enhancing Nigeria’s economic competitiveness. 

He expressed appreciation for the remarkable achievements recorded during  Chaudhari’s tenure and reaffirmed Nigeria’s  commitment to building on these accomplishments in order to further drive economic progress in line with the administration’s agenda.

“We appreciate your tireless efforts towards the promotion of economic growth and development in Nigeria. Your leadership and expertise have made a significant impact on our country’s progress.

“Your dedication to supporting Nigeria’s development agenda is truly commendable. We are grateful for these contributions and look forward to continued collaboration. “Your commitment to fostering inclusive and sustainable growth in Nigeria is inspiring. We appreciate your partnership and guidance in shaping our country’s future,” Edun said.

According to him, the hallmark of the present administration’s policy thrust which brought fiscal reforms was aimed at boosting the nation’s economic development with a view to attracting foreign investments so as to ensure job creation, poverty reduction and improved standard of living for the citizenry.

The minister assured that Nigeria offers a wealth of opportunities for foreign investors, with a large and growing market, rich natural resources, and a skilled workforce. 

“We invite you to explore the possibilities and partner with us for mutual growth. Join us in harnessing the potential of Nigeria’s emerging economy. 

“Our country offers a favourable business environment, investment incentives, and a dynamic market waiting to be tapped,” he said, and invited the international community to discover the opportunities and advantages of investing in Nigeria. 

“Our government is committed to creating a conducive environment for businesses to thrive and succeed. 

“We are inviting the international development partners to come to Nigeria and invest their resources. Nigeria is a country with diverse business opportunities and market potentials for profit maximisation,” he stressed.

 Nigeria, he stated, would continue to be a development partner with the World Bank, adding that the present administration was committed to championing a good cause as well as implementing policies that would boost the country’s economy in order to make it more vibrant and resilient.