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Nairaland Forum / Nairaland / General / Politics / Edo State Now Model For Devt Funding In Developing Countries, Says World Bank (387 Views)
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Edo State Now Model For Devt Funding In Developing Countries, Says World Bank by PhilipIdaghosa: 4:07pm On May 13, 2018 |
Following the successes recorded in executing major infrastructure and social development projects in the state, especially the Edo-Azura Power Project, the World Bank has said that Edo State has become a model for development financing at the sub-national level in developing countries. World Bank Executive Director, Angola, Nigeria and South Africa sub-group, Ms. Bongi Kunene, gave the verdict during a lunch organised for 10 visiting World Bank Executive Directors, at the Government House, Benin City, the Edo State capital. She said that the Bretton Woods institution is impressed with the level of work done through its various projects as well as the partnership that birthed the Edo-Azura Power Project. Noting that the state is among the two sub-national governments that accessed its budget support instruments, she said the projects executed in the state are not just impressive but meet the expectations of the visiting delegation. She added that the World Bank is willing to “partner with the state on future projects, as long as the projects are in line with the Bank’s focus.” On the Edo-Azura Power Project, she said, “The project is transformational. It gives us a scope of what we can do together. We are delighted to see solutions. We would want to commit ourselves to projects that make sense and are in line with our focus.” She said more of such projects can be executed if governments are willing to cooperate with the bank in granting necessary approvals, allowing for thorough impact assessment and are open to multilateral financing arrangements. Edo State Governor, Mr. Godwin Obaseki, on his part said that with the 450MW Edo-Azura Power Project now on stream, the state wants more investors for the Benin Industrial Park and technology innovation hubs. He said the enabling environment to host diverse investors is now available, especially with the provision of power by companies like Edo-Azura Power. According to the governor, “Power is the key to industrialisation and development. We need to extend the benefits of this investment. Now that we have power, what are we going to do with it? The next set of projects are those that have to rely on this key infrastructure we have just created. So, we would be looking at the Benin Industrial Park, building infrastructure to encourage and support manufacturers to come in. We are looking at innovation hubs; we want to use the factor and advantage of 24/7 electricity to encourage technology groups and companies to be located in Edo State.” 1st Photo: L-R: Edo State Governor, Mr. Godwin Obaseki; Executive Director, World Bank, Europe sub-group, Mr. Patrizio Pagano; and World Bank Executive Director, Angola, Nigeria and South Africa sub-group, Ms. Bongi Kunene, during the visit of 10 World Bank Executive Directors to Edo-Azura Power Plant, as part of their visit to Edo State. 2 Likes 1 Share
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Re: Edo State Now Model For Devt Funding In Developing Countries, Says World Bank by PhilipIdaghosa: 4:10pm On May 13, 2018 |
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Re: Edo State Now Model For Devt Funding In Developing Countries, Says World Bank by PhilipIdaghosa: 4:14pm On May 13, 2018 |
.. 1 Like
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Re: Edo State Now Model For Devt Funding In Developing Countries, Says World Bank by Nobody: 4:16pm On May 13, 2018 |
Edo politicians using their 'beauty' to achieve good things. Gada here if you understand. 1 Like |
Re: Edo State Now Model For Devt Funding In Developing Countries, Says World Bank by GavelSlam: 4:29pm On May 13, 2018 |
No look uche face. Successful governance is in the head and heart. |
Re: Edo State Now Model For Devt Funding In Developing Countries, Says World Bank by muykem: 4:32pm On May 13, 2018 |
Progressive minds, PDP has ruled that state before now. |
Re: Edo State Now Model For Devt Funding In Developing Countries, Says World Bank by samsonoyarenua1: 11:10am On May 14, 2018 |
Please help me ask the PDP MEMBERS cars owners to tell the truth else, let the tender strike them if they lie against their conscience, HOW THE ROADS IN BENIN ![]() ![]() |
Re: Edo State Now Model For Devt Funding In Developing Countries, Says World Bank by samsonoyarenua1: 11:14am On May 14, 2018 |
MUST ANSWER IF YOU READ THIS, PDP MEMBERS cars owners, tell the truth else, let the thunder strike ANY ONE OF THE PDP, if they lie against their conscience, HOW ARE THE ROADS IN BENIN NOW ![]() |
Re: Edo State Now Model For Devt Funding In Developing Countries, Says World Bank by Iriruaga100(m): 11:35am On May 14, 2018 |
samsonoyarenua1: Bros which road are you talking about? Do you av well tarred internal roads in Benin? |
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