Nigeria’s growth excites World Bank ON MAY 14, 2018

The World Bank Group is excited with the growth of Nigeria and expressed satisfaction with the performance of the economy.

The commendation was contained in a statement by the bank on Monday, after the conclusion of a visit to Nigeria by 10 Executive Directors of the bank from May 9 to 12. wold bank According to the statement, the visit was to enable the bank’s management team get a better understanding of Nigeria’s development priorities with a special focus on the energy sector.

The Executive Directors held discussions with the Vice President of Nigeria, the Minister of Finance and Governors of Adamawa, Bauchi, Borno, Gombe, Edo, Lagos, Taraba and Yobe, other senior government officials. The Directors discussed the security challenges in the Northeast and Middle belt regions and how to achieve development in these challenging environments. “Our visit to Nigeria was to get a better understanding of the country, assess the World Bank’s interventions on the ground, and support opportunities that will keep the country on a path of sustained development,” said “We commend Nigeria’s implementation of its new Economic Growth and Recovery Plan (EGRP) and the Power Sector Recovery Plan (PSRP), both of which are important for regional integration. “It will also ensure trade and capital flows, which will ultimately lead to greater growth,” says World Bank.

According to the statement, the Executive Directors also met with beneficiaries of the World Bank Group supported projects in agriculture, education, health, youth employment, community development, soil erosion and public financial management. Similarly, they met with representatives of the private sector, civil society organisations, diplomatic missions and development partners. The group also visited the newly commissioned Edo Power Plant in Benin City, which was a key project in the government’s power sector reform agenda and is supported by three arms of the World Bank Group, The three arms are; the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and the World Bank. In Lagos, the delegation visited microfinance clients, mostly women, to gain an understanding of how the funds they had received impacted their livelihoods. “They also had an interactive meeting with private sector executives, which highlighted the need to sustain business reforms and provide affordable and reliable power to improve the living standards of all Nigerians.

“The Executive Directors observed that Nigeria continues to implement institutional policy reforms for restoring macroeconomic resilience and growth across sectors with support from the World Bank Group. “They reiterated the World Bank Group’s commitment to supporting Nigeria’s growth in a way that is inclusive, job enhancing, and reduces poverty and inequality. “Critical to this inclusive growth objective is reforming the power sector, boosting critical investments in human development, and mobilising finance for development by creating a conducive environment for private sector participation,” the bank said. The bank also emphasised the importance of Nigeria to the sub-region and therefore the country’s central role in its regional strategy for Sub-Saharan Africa. It will be recalled that Nigeria has been one of IFC’s fastest growing portfolios and represents IFC’s fifth largest global country exposure, with a committed volume of 1.6 billion dollars.
Also, Nigeria is MIGA’s fifth largest country exposure in Sub-Saharan Africa, with current exposure of 334 million dollars. The Nigeria Country Partnership Strategy extending to 2019 has an investment of 8.8 billion dollars through the International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD).

NAN

https://www.vanguardngr.com/2018/05/nigerias-growth-excites-world-bank/

Some people are going to be pissed about this.

God bless Nigeria

Wailers, I have bad news for you.
Please, biko Come , Bia, Wa, Zo

Bolowolowo:
Some people pigs and idiots are going to be pissed about this.

God bless Nigeria

Corrected. Pls always endeavour to use the correct words

deji17:
Wailers, Pigs and idiots I have bad news for you.
Please, biko Come , Bia, Wa, Zo

Fixed.

All these paper growth self.
I think growth should be visible but I'm not seeing any tangible thing to correlate this with.
Inflation is high, infrastructures are down, electricity is poor, debt profile is rising and the exchange rate is an insult as a giant of Africa.
I don't just know where this people got their analysis from.

34webers:

Fixed.

Nagode.. Daalu. Ese pupo.

34webers:

Corrected. Pls always endeavour to use the correct words

Haha thanks sir

Bill gate that is software wizard was telling the intellectually lazy idiotic pigs of Biafra party,PDP Nonsense.

kingkakaone:
All these paper growth self.
I think growth should be visible but I'm not seeing any tangible thing to correlate this with.
Inflation is high, infrastructures are down, electricity is poor, debt profile is rising and the exchange rate is an insult as a giant of Africa.
I don't just know where this people got their analysis from.

the artificial 7% growth was for the jobless lazy idiotic pigs Biafra to be importing rubbish without real sector development like what buhari is doing in agriculture and power sector.
It is this real sector development that the world bank saw.
Not those fake growth of your ineffectual buffoon.

kingkakaone:
All these paper growth self.
I think growth should be visible but I'm not seeing any tangible thing to correlate this with.
Inflation is high, infrastructures are down, electricity is poor, debt profile is rising and the exchange rate is an insult as a giant of Africa.
I don't just know where this people got their analysis from.

They are here..

[s]

kingkakaone:
All these paper growth self.
I think growth should be visible but I'm not seeing any tangible thing to correlate this with.
Inflation is high, infrastructures are down, electricity is poor, debt profile is rising and the exchange rate is an insult as a giant of Africa.
I don't just know where this people got their analysis from.

[/s]
The world bank does not use akpu analysis. Keep that one for the idiotic pigs of biamumus.

34webers:
[s][/s]
The world bank does not use akpu analysis. Keep that one for the idiotic pigs of biamumus.

Hahahahaa. @Akpu Analysis.

34webers:
[s][/s]
The world bank does not use akpu analysis. Keep that one for the idiotic pigs of biamumus.

Go away joor...
Where did I talk about IPOB here now?
It is only hateful comments u make and u should change because it is not helping U.

Jesusloveyou:
Bill gate that is software wizard was telling the intellectually lazy idiotic pigs of Biafra party,PDP Nonsense.the artificial 7% growth was for the jobless lazy idiotic pigs Biafra to be importing rubbish without real sector development like what buhari is doing in agriculture and power sector.
It is this real sector development that the world bank saw.
Not those fake growth of your ineffectual buffoon.

Ur comment is filled with hate and ur moniker is saying something else.
I guess u only talk, u don't act Ur own Christianity if not u would have made me understand what I needed to know without insulting others.

GOOD.

Another sad news for Children of Hatred, Daughters of Negativism, Sons of Confusion, Lovers and hailers of looters.

Nigeria is progressing while their HBP is increasing.

Sai Baba and Sai PYO 2019.

No amount of campaign of calumny can change our mind from voting for the tag team.

Say No to Looters and their hailers!!!!!!!!!!!!!

So after a summit, some mango headed fools expected the world bank delegates to flog Osinbajo?

Whoever reported this news wrote his/her script for NTA or Radio Nigeria so this kind of script isn't unexpected.

SuperS1Panther:
Another sad news for Children of Hatred, Daughters of Negativism, Sons of Confusion, Lovers and hailers of looters.

Nigeria is progressing while their HBP is increasing.

Sai Baba and Sai PYO 2019.

No amount of campaign of calumny can change our mind from voting for the tag team.

Say No to Looters and their hailers!!!!!!!!!!!!!

You are getting an erection because of what some “executives” from the WORLD BANK are saying?

Seriously?

No wonder you still dey owe them billions

Banmeallday:


You are getting an erection because of what some “executives” from the WORLD BANK are saying?

Seriously?

No wonder you still dey owe them billions

By their reactions, we shall know them.

When the same World Bank said we were in Recession, you were ejaculat1ng and now they are saying otherwise, your hatred tinted faculty will not allow you to acknowledge it.

We care less. We are not the ones that made you the way you have decided to be. So, leave us alone to celebrate the good news while Children of Hatred keep doing what they know best to do -- hating and supporting Looters.

SuperS1Panther:


By their reactions, we shall know them.

When the same World Bank said we were in Recession, you were ejaculat1ng and now they are saying otherwise, your hatred tinted faculty will not allow you to acknowledge it.

We care less. We are not the ones that made you the way you decide to be. So, leave us alone to celebrate the good news while Children of Hatred keep doing what they know best to do -- hating and supporting Looters.

Point of correction Super Cub, I dont sit glued to World Bank press releases like you, but then again, they own Nigeria and own YOU. It is common knowledge that Nigeria means sh.ithole in all kitchens world wide, including that of Buhari, and that is why he dares not use or build hospitals there, because Cubs like you will simply mismanage it and clap when World Bank says Nigeria should be in FIFA 19

You peoples mind set is historically CRAZY

[b][/b]

SuperS1Panther:


By their reactions, we shall know them.

When the same World Bank said we were in Recession, you were ejaculat1ng and now they are saying otherwise, your hatred tinted faculty will not allow you to acknowledge it.

We care less. We are not the ones that made you the way you have decided to be. So, leave us alone to celebrate the good news while Children of Hatred keep doing what they know best to do -- hating and supporting Looters.

When Bill Gates was here the last time and said some negative things about the Nigerian economy due to his limited information on current Govt activities, the children of hate were all over the cyber space jubilating over the news.

Banmeallday:


Point of correction Super Cub, I dont sit glued to World Bank press releases like you, but then again, they own Nigeria and own YOU. It is common knowledge that Nigeria means sh.ithole in all kitchens world wide, including that of Buhari, and that is why he dares not use or build hospitals there, because Cubs like you will simply mismanage it and clap when World Bank says Nigeria should be in FIFA 19

You peoples mind set is historically CRAZY

Kilo nso?

[s]

kingkakaone:

Ur comment is filled with hate and ur moniker is saying something else.
I guess u only talk, u don't act Ur own Christianity if not u would have made me understand what I needed to know without insulting others.

[/s]
Trash. Maybe those "executives" are also working hard to justify their 30k bmc allowance.

34webers:
[s][/s]
Trash. Maybe those "executives" are also working hard to justify their 30k bmc allowance.

Did I mention 30k?
Please carry Ur wahala and go.
Thank u.

kingkakaone:

Ur comment is filled with hate and ur moniker is saying something else.
I guess u only talk, u don't act Ur own Christianity if not u would have made me understand what I needed to know without insulting others.

Are Igbo comments filled with love for Nigeria or Buhari ? The dude you quoted even tried lying that Ipob make the silly comment. The truth is the entire Igbo race abhors nothing but hatred for Nigeria n Buhari no sugarcoating.

Front1line:


Are Igbo comments filled with love for Nigeria or Buhari ? The dude you quoted even tried lying that Ipob make the silly comment. The truth is the entire Igbo race abhors nothing but hatred for Nigeria n Buhari no sugarcoating.

It goes both ways.
U people don't talk good about them too.
How about we all change our mindset and see how things will work better than it is now?

Zombies should read & understand be celebrating.
"The visit was to enable the banks management team to get better understanding of Nigeria development priorities"

It's in reference of what they were told & not what has happened

It's in reference to what they were told & there is nothing on ground in respect to all the lies they are feeding the world bank's management team.

deji17:
[b][/b]

When Bill Gates was here the last time and said some negative things about the Nigerian economy due to his limited information on current Govt activities, the children of hate were all over the cyber space jubilating over the news.

Bill Gates as you know is bigger than the Nigger Republic. He has more info than Buhari in regards to even Buhari’s health, talkless of the economy....

Banmeallday:


Bill Gates as you know is bigger than the Nigger Republic. He has more info than Buhari in regards to even Buhari’s health, talkless of the economy....

He has more info than Buhari. How is he gathering that information ? Listen to the cave man blabbing...

Achuwa1:
Zombies should read & understand be celebrating.
"The visit was to enable the banks management team to get better understanding of Nigeria development priorities"

It's in reference of what they were told & not what has happened

So, World Bank Reps suddenly turned to dummies that believe what they are told about out growing economies, but they were on point when they were also told we were in recession too.

The way hatred beclouds some people's judgment makes Hitler looks like the greatest lover of Jews.

lo l@ predictable hate filled, bad bele, disgruntled and frustrated ipob miscreants...



Good news dey drive them crazy like mad roaches..