The World Bank Group has launched the new Country Partnership Strategy, CPS, aimed at helping the Federal and State Governments boost development and reduce poverty.
The World Bank said the new strategy was deemed necessary, following the recent Gross Domestic Products, GDP, rebasing exercise in which now puts
Nigeria as Africa’s largest economy.
The new partnership strategy, jointly developed with the Government of Nigeria, is supportive of the country’s Vision 20: 2020 plan and its Transformation Agenda; which set out Nigeria’s long-term development objectives and the medium-term strategy for operationalising this vision.
Specifically, the World Bank Group’s support for Nigeria is structured around three strategic priorities:
Promoting growth and job creation by reforming the power sector.
Enhancing agricultural productivity, and increasing access to finance;
Improving the quality and efficiency of social service delivery at the State level to promote social inclusion and Strengthening governance and public sector management, with gender equity and conflict sensitivity as essential elements of governance.