A World Bank Mission, comprising of 10 Executive Directors, is expected in Nigeria on Wednesday.
While here they are billed to hold high-level discussions with the Vice President, Prof. Yemi Osinbajo; Minister of Finance, Mrs. Kemi Adeosun and some Governors over the Bank’s projects in the country.
In the World Bank Mission are the Bank’s Executive Directors for Switzerland, France, Italy, Nordic, Peru, Germany, South Africa (representing Francophone Sub-Saharan Africa), Zimbabwe (representing Anglophone Sub-Saharan Africa), United Kingdom and Indonesia.
In a statement from the Ministry of Finance and signed by the Special Adviser on Media and Communications to Minister of Finance, Oluyinka Akintunde, the delegation will discuss ongoing World Bank projects and the country’s development priorities with the Vice President, Minister of Finance and the Governors.
During their stay, the officials will also meet organized private sector in Lagos as well as undertake a tour of LAPO Microfinance project in Lagos and Azura Power Plant in Edo State.
Akintunde pointed out that the visit “is expected to provide a first-hand impression of the challenges that both the Federal and the State Governments face in implementing development projects as well as ensuring good governance overall.”
According to him, the meeting will further enhance the goal of the Bank for member-countries and the effectiveness of the Executive Directors in providing the necessary support.
The World Bank Group had, in the 2017 fiscal year, committed $1.51 billion to the country. The group had also spent $486 million on different development projects across the country.
Amongst the projects are; Electricity Transmission Project, Agro-Processing, Productivity Enhancement, and Livelihood Improvement Support Project, Polio Eradication Support Project and Housing Finance Development Programme.
By Oluwasegun Olakoyenikan
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