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IFC Managing Director, Makhtar Diop, to Visit Nigeria to Discuss Advancing Private Sector Development 

Makhtar Diop, Managing Director of the International Finance Corporation (IFC), will visit Nigeria from June 3rd to 6th to meet with senior government officials and private sector leaders to highlight IFC’s commitment to support sustainable private sector growth and job creation in the country.

Mr. Diop’s visit to Nigeria will take place at a critical time when private sector support is increasingly pivotal in revitalizing the country’s economy. His engagements will focus on enabling private sector-led expansion in Nigeria’s manufacturing, energy, agribusiness, industrial, technology and creative sectors and how IFC can deepen its support for the country’s growth strategy.

In Abuja, Mr. Diop will meet with His Excellency, President of Nigeria, Bola Tinubu; Minister of Finance and Coordinating Minister of the Economy of Nigeria, Wale Edun; and the Governor of the Central Bank of Nigeria, Olayemi Cardoso; and other senior government officials.

In Lagos, Mr. Diop will hold strategic engagements with the private sector, including with business leaders across various sectors and women entrepreneurs, on fostering partnerships, unlocking opportunities, and scaling initiatives that support inclusive growth, job creation, and innovation.

IFC has been engaging in Nigeria for more than 30 years and is scaling up its support for private sector development in the country — which is among IFC’s top 10 portfolios globally and IFC’s second largest portfolio in Africa, after South Africa. IFC has an active investment portfolio of $2.13 billion in key sectors in Nigeria, including manufacturing, agribusiness, energy, digital technology, infrastructure, and financial markets.

Makhtar Diop, Managing Director of the International Finance Corporation (IFC)

About IFC

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

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