Nigeria and the World Bank have agreed to enhance their cooperation in several key sectors, including expanding access to reliable electricity, increasing agricultural productivity, and modernizing infrastructure through digital technologies. The partnership also aims to facilitate trade and attract investment to support economic growth.
This collaboration focuses on addressing critical challenges in Nigeria’s energy supply, improving the efficiency of agricultural value chains, and streamlining trade processes. By leveraging financial and technical support from the World Bank, Nigeria seeks to create a more sustainable and competitive economic environment.
**Why this matters**
Reliable energy and improved agricultural output are essential for Nigeria’s development and food security. Enhancing infrastructure and trade flows can boost economic activity, create jobs, and attract foreign investment. The partnership with the World Bank provides Nigeria with resources and expertise to implement these improvements effectively.
Source: NewsData