Nigeria And World Bank Group Unite To Boost Naira Resilience And Promote Economic Development

Nigeria And World Bank Group Unite To Boost Naira Resilience And Promote Economic DevelopmentThe Central Bank of Nigeria has entered into an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, as part of a strategy to strengthen the Naira and enhance investment opportunities in the country.

This agreement is designed to increase local currency financing for Nigerian enterprises while mitigating foreign exchange risks.

“Numerous sectors in Nigeria depend on local currency financing, and the collaboration between IFC and the central bank is crucial for broadening access,” stated the agencies involved

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