The World Bank has announced the appointment of Mathew Verghis as its new Country Director for Nigeria, effective July 1, 2025.
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Verghis takes over from Dr. Ndiame Diop, who has assumed a new role within the institution.
A statement from the World Bank on Friday described Verghis as an Indian national who brings more than 20 years of experience in economic policy and development, having joined the World Bank in 1999.”
Over the course of his career, he has worked in senior leadership roles spanning Africa, East Asia, Europe, and Central Asia. His most recent position was Regional Practice Director for Prosperity in the South Asia Region, based in Washington, D.C.
Speaking on his appointment, Verghis described this period as a critical moment for Nigeria’s development path.
“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 oversee the World Bank’s engagement in Nigeria, steering the institution’s support for a range of development initiatives aimed at fostering economic growth, reducing poverty, and strengthening resilience. His role will also involve deepening collaboration with government agencies, civil society organisations, and other development partners to advance shared goals.
Verghis holds an M.A. and Ph.D. in Economics from the University of Notre Dame in the United States and has written widely on issues including growth, fiscal policy, labour markets, and poverty reduction.
The World Bank’s work in Nigeria remains central to the broader strategy of promoting inclusive economic development across Sub-Saharan Africa. With Verghis at the helm, the institution aims to help Nigeria unlock its economic potential through reforms and investments that can deliver tangible benefits to millions of citizens.
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