Projects: World Bank, Nigerian Officials Meet
A World Bank Mission, comprising of 10 Executive Directors, is expected in Nigeria on Wednesday 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 Angola, Nigeria and South Africa), Burkina Faso (representing Francophone Sub-Saharan Africa), Zimbabwe (representing Anglophone Sub-Saharan Africa), United Kingdom and Indonesia.
The delegation will discuss ongoing World Bank projects and the country’s development priorities with the Vice President, Minister of Finance and the Governors.
The officials will also meet the organised private sector in Lagos as well as undertake a tour of LAPO Microfinance project in Lagos and Azura Power Plant in Edo State.
The visit is expected to provide a first-hand impression of the challenges that both the Federal and State Governments face in implementing development projects as well as ensuring good governance overall.
It 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 is helping to fight poverty and improve living standards for the people of Nigeria through 33 Core Knowledge Products Reports and 29 ongoing National and Regional projects. This is in addition to about 60 Trust Funds. Since 1958, the World Bank Group has supported Nigeria with International Bank for Reconstruction and Development (IBRD) loans and International Development Association (IDA) credits worth about 14.2 billion dollars.