Olayemi Cardoso, governor of the Central Bank of Nigeria
(CBN), is set to lead Nigeria’s delegation to the World Bank and International
Monetary Fund (IMF) annual meeting in Washington, DC, United States, as Wale
Edun, the minister of finance, has been ruled out due to illness
In a statement on Sunday, Bayo Onanuga, special adviser to
President Bola Ahmed Tinubu on information and strategy, said Edun, who is also
the coordinating minister of the economy, is indisposed.
TheCable reports that Edun is still in Nigeria but may
eventually be flown abroad for treatment.
The Nigerian team will comprise Doris Uzoka-Anite, the
minister of state for finance, alongside others, at the meeting, which opens on
Monday, according to Onanuga.
Also, he noted that the World Bank said the annual meeting
will feature key elements such as the development committee plenary session on
October 16 and the international monetary and financial committee meetings on
October 17.
The spokesperson added that the featured events include
regional briefings, press conferences, and fora focused on international
development, the global economy, and financial markets.
In its Nigeria Development Update (NDU) report released on
October 8, the World Bank advised Nigeria to audit the Nigerian National
Petroleum Company (NNPC) Limited, increase health taxes, and the value-added
tax (VAT).
The multilateral lender also urged Nigeria to ensure that
the gains from recent macroeconomic reforms translate into tangible
improvements in the living standards of citizens.
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