{"version":"1","article":{"id":"nigeria-ministers-world-bank-growth-transition-talks-oct12","slug":"nigeria-ministers-world-bank-growth-transition-talks-oct12","language":"en","url":"https://haberpaper.com/en/news/nigeria-ministers-world-bank-growth-transition-talks-oct12","api_url":"https://haberpaper.com/api/v1/articles/nigeria-ministers-world-bank-growth-transition-talks-oct12?lang=en","title":"Nigeria and World Bank discuss turning stability into growth","summary":"Finance Minister Taiwo Oyedele and Central Bank Governor Olayemi Cardoso met World Bank President Ajay Banga to discuss reforms, private capital and infrastructure finance.","category":"economy","region":"world","topics":[],"published_at":"2026-10-13T20:11:52+03:00","modified_at":"2026-10-13T20:11:52+03:00","publication_basis":"publication-record","event_period":"2026-10-12","event_period_basis":"event-or-reference-period","sources":[{"name":"Federal Ministry of Information and National Orientation of Nigeria","url":"https://fmino.gov.ng/oyedele-and-cardoso-meet-world-bank-president-banga-on-nigerias-shift-from-stability-to-growth/","publishedAt":"2026-10-12","checkedAt":"2026-10-13"}],"translations":[{"language":"tr","url":"https://haberpaper.com/tr/news/nigeria-ministers-world-bank-growth-transition-talks-oct12","api_url":"https://haberpaper.com/api/v1/articles/nigeria-ministers-world-bank-growth-transition-talks-oct12?lang=tr"},{"language":"en","url":"https://haberpaper.com/en/news/nigeria-ministers-world-bank-growth-transition-talks-oct12","api_url":"https://haberpaper.com/api/v1/articles/nigeria-ministers-world-bank-growth-transition-talks-oct12?lang=en"},{"language":"ar","url":"https://haberpaper.com/ar/news/nigeria-ministers-world-bank-growth-transition-talks-oct12","api_url":"https://haberpaper.com/api/v1/articles/nigeria-ministers-world-bank-growth-transition-talks-oct12?lang=ar"},{"language":"fr","url":"https://haberpaper.com/fr/news/nigeria-ministers-world-bank-growth-transition-talks-oct12","api_url":"https://haberpaper.com/api/v1/articles/nigeria-ministers-world-bank-growth-transition-talks-oct12?lang=fr"},{"language":"es","url":"https://haberpaper.com/es/news/nigeria-ministers-world-bank-growth-transition-talks-oct12","api_url":"https://haberpaper.com/api/v1/articles/nigeria-ministers-world-bank-growth-transition-talks-oct12?lang=es"}],"data_types":[],"data":null,"data_compilations":[],"data_downloads":[],"content":{"paragraphs":["Nigeria’s finance minister and central bank governor met World Bank Group President Ajay Banga on 12 October during the IMF and World Bank Group Annual Meetings in Bangkok. The Federal Ministry of Information and National Orientation said Finance Minister Taiwo Oyedele and Central Bank Governor Olayemi Cardoso reviewed the next phase of Nigeria’s reform agenda and how to turn macroeconomic stability into faster growth, private investment and stronger domestic revenues.","The ministry’s account says Banga cited private capital inflows rising from about $300 million in 2023 to nearly $6 billion in 2026. Oyedele said tax revenue had increased from about 7% to 12.5% of GDP. These are figures reported by the Nigerian government from the meeting; the release does not define the coverage of the private-capital measure or explain the calculation method for the tax ratio.","The participants also discussed using World Bank guarantee instruments to support infrastructure financing and attract more private capital into Nigeria’s domestic market. Power infrastructure and human-capital investment were identified as priorities. The meeting announcement did not disclose a financing agreement or project approval; it described a policy discussion about sustaining reforms and improving the quality of public spending."],"key_points":[],"sections":[]},"text":"Finance Minister Taiwo Oyedele and Central Bank Governor Olayemi Cardoso met World Bank President Ajay Banga to discuss reforms, private capital and infrastructure finance.\n\nNigeria’s finance minister and central bank governor met World Bank Group President Ajay Banga on 12 October during the IMF and World Bank Group Annual Meetings in Bangkok. The Federal Ministry of Information and National Orientation said Finance Minister Taiwo Oyedele and Central Bank Governor Olayemi Cardoso reviewed the next phase of Nigeria’s reform agenda and how to turn macroeconomic stability into faster growth, private investment and stronger domestic revenues.\n\nThe ministry’s account says Banga cited private capital inflows rising from about $300 million in 2023 to nearly $6 billion in 2026. Oyedele said tax revenue had increased from about 7% to 12.5% of GDP. These are figures reported by the Nigerian government from the meeting; the release does not define the coverage of the private-capital measure or explain the calculation method for the tax ratio.\n\nThe participants also discussed using World Bank guarantee instruments to support infrastructure financing and attract more private capital into Nigeria’s domestic market. Power infrastructure and human-capital investment were identified as priorities. The meeting announcement did not disclose a financing agreement or project approval; it described a policy discussion about sustaining reforms and improving the quality of public spending.","corrections":[],"editorial_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"economy","url":"https://haberpaper.com/assets/illustrations/economy-1536.webp","width":1536,"height":1024,"alt":"Symbolic trading harbour with a cargo ship, containers and a bridge.","language":"en"},"section_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"economy","url":"https://haberpaper.com/assets/illustrations/economy-1536.webp","width":1536,"height":1024,"alt":"Symbolic trading harbour with a cargo ship, containers and a bridge.","language":"en"}}}