Nigeria's Finance Minister Bags Historic World Bank Appointment

According to the Federal Ministry of Finance on Saturday,"the appointment presents a unique opportunity for Nigeria and the implementation of President Tinubu's Renewed Hope Agenda."

The African Governors Forum or African Caucus was established in 1963, as the"African Group," with the objective of strengthening the voice of African Governors in the Bretton Woods Institutions , i.e. the International Monetary Fund and the World Bank Group , on development issues of particular interest to Africa.

Views and concerns of African Governors are conveyed to the heads of the BWIs through a Memorandum and that is done annually at the Annual Meetings of the two institutions. The first such Memorandum dates back to September 11, 1964 and that was delivered to the heads of the BWIs at the occasion of the 1964 Annual Meetings in Tokyo, Japan.

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