Cardoso leads Nigeria’s delegation to World Bank/lMF meetings as illness rules out Edun

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

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