ABUJA, Nigeria – The World Bank signals strong support for Nigeria’s move towards grassroots-driven development, confirming that its next Country Partnership Framework (CPF) will prioritise decentralised planning, private-sector participation and expanded investments across critical sectors.
The endorsement comes during a high-level consultative meeting hosted by the Ministry of Budget and Economic Planning, where senior government officials and World Bank representatives discuss the direction of Nigeria’s next multi-year development partnership.
Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, says the Federal Government is intentionally bringing development closer to citizens through ward-based governance structures. “We are deliberately pushing development to the grassroots level through ward-based planning and instruments such as the Renewed Hope Infrastructure Fund to crowd in private-sector investment,” Bagudu says.
World Bank officials confirm that the incoming CPF, which will replace the outgoing 2024 framework, is being designed to align with Nigeria’s bottom-up development model under President Bola Tinubu’s Renewed Hope Agenda. “We are fully committed to supporting Nigeria in energy, agriculture, broadband connectivity, SME development and strengthening economic resilience,” a World Bank official says following the closed-door session.
The CPF, expected to be finalised in the coming months, will shape World Bank financing priorities and technical assistance to Nigeria over the next four to six years.
Officials say the partnership will emphasise private capital mobilisation, infrastructure delivery and job creation while strengthening social inclusion at community level.
