The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has urged the World Bank to back the Renewed Hope Ward Development Programme, a grassroots initiative aimed at stimulating local economies and supporting President Bola Tinubu’s $1 trillion GDP target by 2030.
Speaking in Abuja during a meeting with the bank’s new Country Director, Matthew Verghis, Bagudu described the scheme as transformative, mapping opportunities across all 8,809 wards. He said the programme, recently approved by the National Economic Council, would be coordinated by his ministry but implemented in partnership with all tiers of government.
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Mr. Verghis welcomed the initiative, calling it timely and practical, while praising Nigeria’s ongoing reforms as a turning point for sustainable growth. He reaffirmed the World Bank’s readiness to provide financial and technical support, stressing the importance of inclusive development, poverty reduction, and opportunities for young people.
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