Tinubu Welcomes W’Bank’s $5.79bn Plan, Dangles $78.5bn Projects Before Investors
Deji Elumoye in Abuja President Bola Tinubu on Friday welcomed World Bank Group’s proposed plan to mobilise about $5.79 billion in private financing for Nigeria.He has also taken steps to
President Bola Tinubu has welcomed the World Bank Group's proposed plan to mobilise $5.79 billion in private financing for Nigeria, and has outlined a pipeline of 65 bankable projects seeking $78.5 billion in investment. The projects, which focus on sectors such as agriculture and digital infrastructure, are aimed at strengthening the foundation for economic growth, expanding businesses, and creating jobs.
Tinubu has invited Nigerian and international investors to explore the projects and assured them that his administration will work to resolve obstacles and facilitate the execution of viable investments. The World Bank Group's financing mobilisation initiative is seen as a support for the government's efforts to attract investment and expand economic opportunities.
Brief written by urgent.news from This Day's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
