Grapevine

By Punch
Aug 5, 2024

Minister laments poor international support for govt reforms

He advocated enhanced international development assistance to African countries, suggesting that it should be more proportional to their populations.

Bagudu said this in an interview with journalists on the sidelines of the just concluded African Caucus meeting with the theme, “Facilitating Intra-African Trade: Catalyst for Sustainable Economic Growth in Africa”.

The African Caucus, established in 1963, aims to strengthen the voice of African Governors in the Bretton Woods institutions on development issues pertinent to Africa.

Representing all 54 African countries, the Caucus meets twice yearly to consolidate views and convey them to the heads of the IMF and World Bank through a memorandum.

The PUNCH reports that Nigeria has secured a total of $4.95bn in loans from the World Bank under the administration of President Bola Tinubu.