Breaking: World Bank President To Meet Tinubu

Any moment from now, Ajay Banga, World Bank president, will meet President Bola Ahmed Tinubu as he arrives the country for a three-day visit.

The Bretton Wood institution issued a statement on Tuesday is visiting the country alongside his wife, Ritu Banga.

According to reports, Banga’s visit is part of the efforts by the global financial institution to further strengthen ties with other multilateral financial bodies globally.

The World Bank boss has just ended a two-day visit to Ethiopia, and has also visited other countries, including Jamaica, Peru, and India, following the bank’s announcement last month that Banga will embark on a global tour from June to December in the bank’s quest to “reimagine strategic partnerships with other multilateral banks and development organizations.”

Concerning his visit to Nigeria, the World Bank stated that its boss will also meet with civil society leaders and private sector operators.

The statement said,  “Banga will focus his time in Nigeria on identifying opportunities to create jobs for young people and women, addressing energy needs and renewable energy, and further exploring the potential for digitization.

“As part of these efforts, he will visit a World Bank financed mini-grid power plant that is providing solar energy to an entire community, and a woman-owned business that has generated more than 1,500 service-sector jobs for young Nigerians.”

On June 8, the bank announced “a months-long global tour for new president Ajay Banga, an early step in his mission to write a new playbook for the 78-year-old institution.”

“Between now and December 2023, Banga will visit multiple countries in every region where the World Bank Group operates. During the impact-focused tour, Banga will work to reimagine strategic partnerships with other multilateral banks and development organizations, work to identify barriers for private sector investment, deepen the relationships between the World Bank Group and the countries it serves, and identify opportunities to maximize impact through knowledge, financing, and technical assistance,” it said.