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World Bank President, Ajay Banga, is embarking on a three-day visit to Nigeria as part of a global tour aimed at creating a new playbook for the World Bank.
During his stay, Banga is scheduled to meet with President Bola Tinubu and Vice-President Kashim Shettima.
Identifying Opportunities and Addressing Energy Needs
The visit is seen as a crucial step in the global tour with a specific mission. According to World Bank authorities, Banga’s primary focus during his time in Nigeria will be on identifying opportunities to create jobs, particularly for young people and women. Additionally, he will address the country’s energy needs and explore the potential for renewable energy sources.
Exploring the Potential for Digitization
As part of the visit, Ajay Banga will also explore the potential for digitization in Nigeria. The aim is to harness technology to drive economic growth and enhance various sectors.
Visiting a Solar-Powered Mini-Grid Plant and Female-Owned Business
During his time in Nigeria, Banga will visit a World Bank-financed solar-powered mini-grid plant that is providing sustainable energy solutions to a community. He will also meet with a female entrepreneur who has successfully created over 1,500 jobs for young Nigerians through her business.
Engaging with Private Sector and Civil Society
The visit will include important discussions with representatives from the private sector and civil society. This engagement aims to foster collaboration and identify ways to strengthen Nigeria’s economy and society.
Continuing the Global Tour
Banga’s visit to Nigeria comes after a two-day trip to Ethiopia. His global tour is part of an effort to shape a new playbook for the World Bank, focusing on innovative strategies to drive development and prosperity.
Throughout the visit, Ajay Banga will be accompanied by his wife, Ritu Banga, further emphasizing the significance of the trip.
The visit of the World Bank President to Nigeria is seen as a valuable opportunity to accelerate economic growth, create more job opportunities, and address critical energy needs. It also highlights the commitment of the World Bank to support Nigeria’s development and progress.
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