Mathew Verghis (1) (1).webp
The Digest:

New "Development Leadership" arrives for Nigeria. The World Bank has officially appointed Mathew Verghis as its new country director for Nigeria, effective July 1. Verghis, an Indian national, will lead the bank's engagement in the nation's critical development journey

Key Points:
  • The World Bank has announced Mathew Verghis as its new country director for Nigeria.
  • His appointment officially took effect from July 1.
  • Verghis, an Indian national, brings over two decades of global experience in economic policy and development.
  • He previously served as Regional Practice Director for Prosperity in the South Asia Region.
  • Verghis expressed honor in the role, noting it comes at a "critical moment" for Nigeria's development.
  • He aims to work with Nigeria's government and people for "transformative growth" that creates jobs and expands opportunities.
  • As Country Director, he will oversee the bank’s support for key development programmes and strengthen collaborations.
Verghis's extensive experience signals renewed focus on impactful development. His appointment signifies the World Bank's continued commitment to fostering Nigeria's growth, promising a fresh era of "Development Leadership."

Sources: TheCable, Nairametrics