Abuja — The World Bank has appointed Dr. Mathew Verghis as its new Country Director for Nigeria, effective July 1, marking a key leadership change in one of the institution’s largest African portfolios.
Verghis, an Indian national, succeeds Dr. Ndiame Diop, who has moved to a new role within the organisation. The appointment was confirmed in a statement issued by the World Bank on Friday.
With more than 20 years of global experience in economic policy and development, Verghis has held senior positions across Africa, East Asia, Europe, and Central Asia. Most recently, he served as Regional Director for Prosperity in South Asia, based at the Bank’s headquarters in Washington, D.C.
Speaking on his new assignment, Verghis said his arrival comes at a pivotal moment for Nigeria.
“I am honoured to take on this role and to work alongside the government and people of Nigeria,” he said.
“There is real potential for transformative growth that can improve lives, create jobs, and expand opportunities for all. I’m also excited to experience firsthand the rich culture and incredible energy of Nigeria.”
As Country Director, Verghis will lead the Bank’s strategic engagement in Nigeria—overseeing support for critical development programmes and strengthening partnerships with government institutions, civil society, and development partners.
The World Bank added that Verghis holds both a Master’s and Ph.D. in Economics from the University of Notre Dame, USA. He has also published extensively on topics such as economic growth, fiscal policy, poverty, and labour markets.
His appointment signals the World Bank’s continued commitment to supporting Nigeria’s economic reform agenda amid evolving challenges and opportunities.
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