Mr. Ajay Banga, the new President of the World Bank, is visiting Nigeria for the first time and will be received at the Presidential Villa today by President Bola Ahmed Tinubu.
The visit is raising expectations of job opportunities for young people based on the plans of both the Tinubu administration and the focus of the new boss of the global financial institution, who has set a developmental agenda for developing countries such as Nigeria.
Banga is on a global tour that will last until December 2023, and his visit to Nigeria will also include a meeting with Vice President, Sen. Kashim Shettima.
It is believed that the visit is particularly to identify opportunities to create jobs for young people and women, addressing energy needs and renewable energy as part of Banga’s new developmental agenda.
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With the advance of the BRICS countries – Brazil, Russia, India, China, and South Africa – and their bid to reconfigure international finance architecture, the World Bank is certainly also taking a deeper interest in supporting the development of countries such as Nigeria to remain very relevant.
According to a statement on Tuesday by the World Bank, this visit will also explore the potential for digitization, while also convening discussions with representatives from the private sector and civil society.
According to the statement, the World Bank President is also scheduled to visit countries in Latin America and the Caribbean, small island states in the Pacific, the Middle East and North Africa, West and East Africa, Europe, and Asia.
Banga will arrive today in Nigeria after a two-day visit to Ethiopia and will be joined by his wife, Ritu.
