The World Bank has announced the appointment of Mathew Verghis as its new country director for Nigeria.
He succeeds Ndiame Diop, who has taken on a new role within the institution.
According to the World Bank in a statement on Friday, July 4, 2025, the appointment took effect from July 1.
“Mr. Verghis, an Indian national, brings over two decades of global experience in economic policy and development,” the World Bank said.
“He joined the World Bank in 1999 and has held senior leadership roles across Africa, East Asia, Europe, Central Asia, and most recently served as Regional Practice Director for Prosperity in the South Asia Region, based in Washington, D.C.”
Speaking on his appointment, Verghis said it is coming at a critical moment for Nigeria’s development journey.
“I am honored to take on this role and to work alongside the government and people of Nigeria,” he said.
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“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.”
The World Bank said that as country director, Verghis will lead its engagement in Nigeria, overseeing the bank’s support for key development programmes and strengthening collaboration with government, civil society, and development partners.
The statement added that Verghis holds an M.A. and Ph.D. in economics from the University of Notre Dame, USA, and has written extensively on growth, poverty, fiscal policy, and labour markets.
By: Babajide Okeowo
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