Nigeria, Oct. 17 -- President Bola Tinubu has said the World Bank Group's decision to mobilise about $5.79 billion in private financing for Nigeria will boost ongoing business expansion efforts and help attract investment to the economy.

The president hailed the World Bank's push in an X post on Friday, noting that Nigeria has introduced economic reforms to build a stronger foundation for investment and give more Nigerians the opportunity to earn better livelihoods.

"I welcome the World Bank Group's work to mobilise up to $5.79 billion in private financing for Nigeria. This partnership supports our efforts to help businesses expand and attract investment into agriculture and digital infrastructure," Mr Tinubu said.

The World Bank Group...