Scaling impact in Nigeria, a top priority – IFC

The International Finance Corporation, an arm of the World Bank Group, has said scaling impact in Nigeria is a top priority for its leadership.

The Country Manager, Nigeria for IFC, Eme Essien-Lore, said this on Monday following the appointment of Makhtar Diop as Managing Director and Executive Vice President to head the IFC.

The President, World Bank Group, David Malpass, had on Friday announced the appointment of Diop, a Senegalese national and former Minister of Economy and Finance.

Prior to his current appointment, Diop served for six years as the World Bank’s Vice President for the Africa Region, where he oversaw a major expansion of our work in Africa and the delivery of a record-breaking $70 billion in commitments, according to a statement.

“As IFC’s largest exposure in Africa and in the top five globally, Nigeria will benefit from Makhtar’s leadership and knowledge! Whether it’s infrastructure, financial inclusion, manufacturing or the digital economy, scaling impact in Nigeria is a top priority for IFC’s leadership,” Essien-Lore said in a tweet.

As an arm of the World Bank, the IFC advances economic development and improves the lives of people by encouraging growth of the private sector in developing countries.