By Anne Ejuka
The President of the World Bank, Mr David Mallards has called on Nigeria to introduce policies that will improve her cross - border trade as a way of developing the country's economy.
He noted that Nigeria has a lot of potentials for rapid improvement with right economic policies.
Malpass, who spoke during a virtual meeting on with some West and Central African Journalists on Thursday said the bank has encouraged efforts at cross - border trade and subsidy reduction for fossil fuel as important for the nation’s economy.
Describing multiple exchange rates as a burden on the people, he added that the bank encourages the unification of rates so that money, investments and remittances can flow in and out of Nigeria with less burden adding that the banks' programmes has always supported Nigeria.
“ Our programmes remain strongly supportive of the people of Nigeria and in Nigeria" he said.
The World Bank chief also revealed that the group plans to invest $150 billion in Nigeria and other African countries in the next five years to assist the African continent in economic recovery, he also disclosed that the Bank had invested $200 billion in Africa in the past 10 years.