Tag: world bank

  • Shettima advises governors against wealth accumulation

    Shettima advises governors against wealth accumulation

    Gov. Kashim Shettima of Borno, has advised governors in the country to focus on enhancing the well-being of the masses rather than accumulating wealth for themselves.

    The governor gave the advice on Tuesday in Abuja at the 2017 graduation of Internally Displaced Girls under the Organisation of Female Students Scholarship Scheme.

    The 73 graduating girls were sponsored by the Girl Child Concern (GCC), a Non-Governmental Organisation (NGO), in collaboration with the Borno Government, and were selected in from secondary schools in five Northern states.

    “The most important yard stick has to do with the quality of governance; there is more to leadership than primitive capital accumulation.

    “No matter how much you accumulate beyond a certain point, it’s just a number,” the governor said.

    He said that unless something was done fast to address the plight of the common man, “what awaits the country will be worse than the Boko Haram insurgency”.

    According to him, this is violence that cannot be separated from poverty, and a hopeless, jobless, ill-educated and ill-paid young man is the most dangerous.

    Shettima stated that it was the responsibility of governors to enthrone good governance by “wearing their thinking caps” and working for the people.

    He, therefore, stressed the need for governors to create more jobs, invest in education and create work space and work stations for the next generation of youths.

    He said that there was nothing special about oil as it would soon go into extinction, noting that human resources was the most important and should be developed.

    The governor, however, said that there was need for Nigerians to unite to fight the country’s common heritage and challenges.

    He noted that women and children bore the brunt of insurgency, adding that the Boko Haram sect had so far created 54,911 widows and 52,311 orphans in the state.

    This, he said, was according to World Bank, European Union and the Presidency’s official figures.

    “These are official figures, probably the unofficial figure may be twice this number.

    “The truth is that we either take care of these orphans or 10 years to fifteen years from now, they will be the monsters that will drive us out of this land,” he said.

    According to the governor, some elite and political bigwigs are already afraid of visiting rural areas to meet with common men for fear of being molested.

    He added that there was presently a palpable content against the elite glaring on the faces of most common men.

    He decried the state of public schools in the country, particularly in the North, saying that security and feeding in most of the schools was nothing to write home about.

    Shettima stressed that unless the country´s leadership began to think toward improving the lot of the common man and working for the people, the situation would deteriorate.

    Earlier, Dr Mairo Mandara, Executive Director of the GCC, said the girls were another success story of the country´s fight against insurgency.

    This, she said, was so because the girls dared where others failed and got what others were abducted for.

    Mandara described the girls as “a cohort of brave, fearless, active and informed girl mentors” empowered with life skills who would encourage others to remain in school.

    She added that the centre had concluded plans to establish a Girls´ Academy in Borno with learning activities taking off in September, 2017.

    Mandara said that GCC was also setting up a skills acquisition centre for teaching construction skills in collaboration with King Muhammad VI of Morocco.

    She said that Borno Government had already provided a land for the project, adding that discussions for the setting up of the centre had reached advanced stage.

    Most of the girls who spoke to NAN expressed happiness on their freedom and graduation and prayed to God to bless the GCC and Borno Government.

  • World Bank, FADAMA train 200 unemployed graduates in agro-enterprise in Kogi

    World Bank, FADAMA train 200 unemployed graduates in agro-enterprise in Kogi

    The World Bank, in conjunction with the National FADAMA Coordination Office, has embarked on agro-enterprise development training for 200 women and unemployed graduates in Kabba, Kogi.

    Mr Tayo Adewumi, The National Project Coordinator of FADAMA, said at the onset of the training in ABU College of Agriculture, Kabba, that the training was executed under the FADAMA Graduate Unemployed Youth and Women Support Programme (FADAMA GUYS)

    He said that FADAMA GUYS was designed for the production of four core crops of cassava, rice, sorghum and tomato.

    The coordinator, who was represented by Mr Peter Ajibaiye, said that at the end of the training, the beneficiaries would be given grants by the World Bank to start their chosen agricultural enterprises.

    He said that the World Bank had released 200 billion dollars as grant to promote the production of the four core crops in the Nigeria.

    Adewumi said that the FADAMA GUYS initiative was aimed at reducing unemployment and promoting food security in the country.

    The Kogi Commissioner of Agriculture, Mr Kehinde Oloruntoba, who declared the training open, said that the Federal Government would reposition the youth to engage in productive ventures in its efforts to diversify the economy and use agriculture for wealth creation.

    He advised the trainees to make judicious use of the grants that would be given to them at the end of the training.

    He also said that the state had abundant resources which could facilitate of all aspects of agriculture production.

    The State Project Coordinator, Mr Paul Ogunmola, said the participants were lucky to be trained at ABU College of Agriculture, Kabba, which was renowned for quality teachers and urged them to engage in agro-business after the training.

    The Provost of the College, Dr (Mrs) Aderonke Mohammed, said that the training would empower the trainees to become employers of labour, adding that it would “continue to bear fruits and lead to further reduction of unemployment in Nigeria”.

    Some of the trainees told News Agency of Nigeria (NAN) that they would invest in the production of rice, cassava, aquaculture, poultry and livestock, among others

  • World Bank spends $495m to revamp irrigation management in Nigeria

    World Bank spends $495m to revamp irrigation management in Nigeria

    Minister of Water Resources, Mr Suleiman Adamu, on Thursday expressed hope that World Bank-funded 495 million dollars Transforming Irrigation Management in Nigeria (TRIMING) programme will revamp irrigation management in Nigeria.

    Adamu told the News Agency of Nigeria (NAN) in Abuja that the seven-year programme was targeted at rehabilitating five irrigation schemes in five Northern states.

    The schemes are Bakolori Irrigation, Zamfara; Middle Rima Valley Irrigation, Sokoto; Kano River Irrigation, Kano; Hadejia Valley Irrigation, Jigawa and Dadin Kowa Irrigation, Gombe.

    According to him, Nigeria cannot rely on rain-fed agriculture if it must meet the food security potential and employment generation target.

    “As the country’s population expanded, deliberate efforts were needed to revamp the River Basins Development Authorities (RBDAs) in Nigeria, because they served as vehicles for socio-economic development in any nation,’’ he said.

    He said that the recent inauguration of the Bakolori irrigation scheme in Talata Marafa was targeted at rehabilitating no fewer than 8,000 hectares and expansion of 5,560 hectares of irrigation works.

    This step, Adamu said, would go a long way to improve irrigation potential, and said that replication of such schemes was in line with the agricultural policy of the Federal Government.

    He said that it was saddening that only 200,000 hectares of irrigated agriculture was being processed as against the potential of 21 million hectares of irrigable land with large percentage in the North.

    “TRIMING is converting the sprinkler component of covering 5,500 hectares and rehabilitation of gravity component covering 8,000 hectares that will provide a potential of no fewer than 13,500 hectares.

    “This will improve large scale public irrigation in Northern Nigeria where it will make a contribution to agricultural production, growth and poverty reduction, especially in rural areas.”

    The minister called on all Nigerians to take to agriculture in full commercial scale, saying that it presently accounted for 40 per cent of the country’s Gross Domestic Product (GDP).

  • Lagos crucial to Nigeria’s economic stability, growth – World Bank                       

    Lagos crucial to Nigeria’s economic stability, growth – World Bank                       

    …We’re evolving a viable transportation system, says Ambode

    The World Bank on Thursday said that the role of Lagos to Nigeria’s stability and growth could not be overemphasized, as the State remains the economic gateway to the country and for the rest of the world.

    Country Director of World Bank, Mr. Rachid Benmessaoud who spoke when he paid a courtesy visit to Governor Akinwunmi Ambode at the Lagos House in Ikeja, said the giant strides being recorded by the present administration in the State had received global attention, adding that the World Bank was proud to be part of the transformation.

    “Nigeria needs Lagos, Lagos is a huge part of the growth for the country and the growth is about job creation and stability of the country. We are really honored to have been your partner and we would be honoured to continue the partnership.

    “We really acknowledge the national, regional and local importance of Lagos being the gateway to Nigeria and for the rest of the world. There is a success story that is being told not only in Nigeria but globally and that success story is really thanks to the leadership that you (Ambode) brings in with a clarity of vision and also the speed by which you take decisions and implement programmes and projects,” Benmessaoud said.

    He attested to the fact that the engagements the World Bank have had with Lagos have been unique in Nigeria, noting that as the existing partnerships were coming to a close, they were looking at other opportunities to build on the positive momentum and partner the State on its urban regeneration drive.

    “We are closing our ongoing portfolio which is very small right now, we would very much like to support you and go for the next generation of programmes that are responsive for your vision. We are very pleased to partner with you as you set an agenda for a transformative State,”

    He said the visit to the Governor, therefore, was to explore ways to build on the existing partnerships in the areas of transportation, energy and the environment towards meeting the growing demands of residents as well as attract more investors into the State.

    “The objective of the visit is to maintain and capitalize on the positive momentum that we have created through our partnership over many years and also to see how we can leverage that partnership in helping you, supporting you achieving your vision for the urban transformation in Lagos State that will enable you to create a livable city, bringing more jobs that will not only retain and expand the existing businesses but also attract new businesses and generate more revenue for the State and attracting the private sector,” he said.

    Responding, Governor Ambode thanked the World Bank for their partnership over the years, noting that they have contributed immensely to the success story of Lagos State, especially in the transportation sector.

    Alluding to the fact that Lagos was the first State in Nigeria to receive budget support from the World Bank, the Governor commended the successful execution of the three Development Policy Operations (DPOs), saying that the State has been able to show evidence that the partnership had been very successful.

    “It’s been very fruitful and we’ve become totally responsive to ensure that whatever it is that we are getting in terms of support from multilateral institutions, we show credibility also to show that we plan well for such support and we are willing to also continue to abide by international standard to ensure that whatever it is we are getting as support, it is used for the common good of every citizen in Lagos which is the whole essence of service,” the Governor said.

    Governor Ambode also said that his administration has fashioned out a work plan to integrate water, rail and road transport system to evolve a viable means through Lagosians can commute within the State with ease.

    “I think the new sets of proposal are the kind of strategy we should put for Lagos State and that’s what this visit speaks to. I will like to see a strong support in the transport sector, so that we have support for water, rail and other infrastructure that goes with it. Like I said, we already have a work plan that integrates the three together which we would share with the World Bank and also improve on our discussions in terms of advisory management, financing and also different kind of support that ultimately help us to deliver the dividends of democracy that we actually promised our people.

    “We are very serious that we want to improve on transportation, improve on environment and also power because we believe that’s the whole essence of making the State investor friendly.

    We have improved a lot on security and we just think that moving 23 million people on a daily basis in a comfortable way would mean that we will have to integrate our transport management system in such a way that you can move actually on water, using the rail also and then the road,” he said.

     

  • World Bank advocates single regulatory authority for free zones

    World Bank advocates single regulatory authority for free zones

    The World Bank has called for a single regulatory authority for the operations of free zones in Nigeria.

    The advice was given at the Public Hearing organised by the House of Representatives Committee on Commerce in respect of a proposed amendment to Oil and Gas Export Free Zone Authority (OGEFZA) Act.

    In his presentation, Craig Raymond Giesze, Senior Operations Officer, Trade & Competitiveness Global Practice, World Bank Group stated that the institution had always advised countries seeking to attract investments into their economies through their free zones “to adopt the single regulatory authority regime for a number of reasons based on knowledge garnered over the years of what foreign investors look out for in an economy”.

    He said: “Beyond the fact  that a single regulatory authority is global best practice, the benefits include the fact that it reduces administrative costs; the approach creates investor confidence in an economy; investors abhor a confusing regulatory environment and consider such environment as too risky but prefer consistency in regulation because a single regulatory authority offers long-term stability that guarantees safety of investments. In that regard, the World Bank perspective would be that Nigeria should seriously consider the adoption of a single regulatory authority regime for its free zones”.

    Chairman of the House Committee on Commerce,  Sylvester Ogbaga, said the key objective of the public hearing was for invited stakeholders to make input that would assist the Committee in its legislative assignment of amending the proposed OGEFZA Act based on global best practice in order to increase the contribution of the free zones scheme to the national GDP.

    The Managing Directors of OGEFZA and NEPZA stated that the supervising ministry of both agencies had stated that it would need time to review and harmonise their respective submissions. Further, they requested a postponement of the public hearing pending the review of the ministry and the submission of their memoranda.

    General Counsel, Snake Island Integrated  Free Zone (SIIFZ) Adewale Dosunmu advised the Committee to ensure fairness, equity and justice in the course of executing its assignment by ensuring that stakeholders are given an opportunity of publicly knowing and reacting to the submissions of Nigerian Export Processing Zones Authority (NEPZA) and Oil and Gas Export Free Zone Authority (OGEFZA) through a second public hearing by the Committee especially after harmonization of the positions of the two contending agencies by their supervising ministry the Federal Ministry of Industry, Trade and Investment.

    Dosusmu pointed out to the Committee that four presidential and ministerial review committees set up by three previous administrations over the last two decades had recommended the merging of OGEFZA with NEPZA as best practice. This would remove confusion as to who regulates what and would bolster investor confidence in Nigeria. In addition, it would reduce the cost of governance by eliminating double expenses for two agencies who would ultimately be performing the same function.

    Furthermore, he informed the Committee that a proper examination of the existing OGEFZA Act for which the amendment was being sought would reveal that the intentions of the framers of the OGEFZA Act and that of then Head of State, General Sani Abacha, was specifically to restrict OGEFZA operations to only Ikpokiri and Onne Zones. He contended that the activities of OGEFZA over the years had not been in compliance with the provisions of the extant Act and proposed amendment in its current form would ratify years of unlawful activities.

  • Lagos to become Africa’s largest mega city by 2035

    Lagos to become Africa’s largest mega city by 2035

    Researchers have predicted that at least 30 million people would live in Lagos by 2035, making it the largest mega city in Africa.

  • World Bank to assist states on fiscal sustainability plan

    World Bank to assist states on fiscal sustainability plan

    The World Bank Group has promised to assist the 36 states government to improve their fiscal sustainability by strengthening and consolidating the Fiscal Sustainability Plan (FSP).

    The Director of Information, Federal Ministry of Finance, Mr. Salisu Dambatta, disclosed this in a statement on Friday.

    Dambatta said the World Bank was prepared to finance capacity building and provide technical support for officials in the 36 states.

    He said, “This would equip them with the requisite knowledge and skills to effectively manage the comprehensive implementation of the components of the FSP on a sustainable basis.

    “The objective is to ensure that states are put on the path that would lead them out of the situation in which they have to be bailed out.

    “The capacity building programme is expected to impart skills that would contribute in the successful implementation of the Open Government Partnership commitments with the view to boosting the fiscal transparency and accountability.”

    The FSP was introduced by Federal Government to tackle the 2015-2016 fiscal crisis that followed the decline in revenue leading to two financial bailouts for the states by federal government.

    The plan is also an instrument for reforming the whole gamut of the Public Sector Financial Management (PSFM) system spanning the three tiers of government.

    NAN

     

     

     

     

  • FG to add 340 megawatts to power grid before December – Fashola

    FG to add 340 megawatts to power grid before December – Fashola

    Mr Babatunde Fashola, the Minister of Power, Works and Housing said on Thursday that 340 megawatts of electricity would be added to the national grid in or before December.

    Fashola said this during his inspection tour of Afam Power Plant in Oyibo local government area of Rivers as part of Federal Government Power Sector Recovery Programme.

    He said the 340 megawatts of electricity would be generated from Afam power plant alone while another 270 megawatts would be generated from same facility before end of 2018.

    According to him, the Afam facility has about 1,000 megawatts of installed capacity which has underperformed due to years of neglect by previous governments.

    “Afam 1 to 5 power plants is currently producing about 100 megawatts which is as a result of failure to maintain the facility over the years.

    “We are here to assess the progress of the work we have been doing in the last 17 to 18 months aimed to get the facility back to its optimum capacity.

    “The Afam 5 plant is currently being rehabilitated in collaboration with General Electric to restore 240 megawatts to the facility.

    “All the turbine and equipment needed for the project are already in the country while the only challenge we are facing is the access road, logistic and few other things that we came to assess.

    “We think that we will add 240 megawatts and another 100 megawatts before December with addition of 276 megawatts in 2018 from Afam power plant alone,” he said.

    Fashola said that President Muhammadu Buhari’s administration inherited debt running into billions owed to companies which supplied gas to power plants in the country.

    He said the Federal Executive Council approved N701 billion in March with focus to settle the debts through a Power Payment Assurance Programme arrangement with gas companies.

    The minister said the federal government was discussing with Shell Petroleum Development Company (SPDC) to separate old debts under the power payment assurance programme initiative that would ensure availability of gas.

    “Now that there is a payment assurance programme we are assuring that every gas that would be supplied to Afam and others would be paid for.

    “General Electric has come in to invest in power while we equally want more investors because there is a lot of gas deposit to tap from,” he said.

    Fashola said that government had engaged the World Bank and other development partners aimed to successful implementation of the Power Sector Recovery Programme.

    He said that the dilapidated Bodo-Bonny road in Rivers was among several road projects that would soon be addressed as soon as budget was signed.

  • World Bank official in Lagos, renews partnership with state government

    World Bank official in Lagos, renews partnership with state government

    Impressed by the massive investment of the Lagos State Government in urban renewal and infrastructure, the World Bank said on Saturday that it would facilitate and mobilise the private sector to partner with the state government on the projects.

    Mr Joaquim Levy,  the Managing Director/Group Chief Financial Officer, gave the assurance in Lagos when he led the World Bank Group on a courtesy visit to the Deputy Governor, Dr Idiat Adebule.

    Levy said Lagos State had shown commitment in mobilising the private sector and civil society organisations to drive development and improve the standard of living of the people.

    According to him, developed countries have been able to grow and sustain their economies through the adoption of public-private partnership.

    “Though, we have been working with Lagos State for many years, but we came to Nigeria to see how the private sector is performing so we can fashion out new ways to accelerate development in the country.

    “In Nigeria, Lagos State has been leading in many aspects like transportation, agriculture, environmental management, education, infrastructure and other developmental  projects.

    “We are very happy that the government is striving to directly impact on the lives of its citizens and the World Bank has come to further assist the government in some other challenging sectors such as the energy sector.

    “We are willing to assist the government and mobilise the private sector to help the government accelerate its urban renewal and infrastructural development to improve the living condition of the people,” Levy said.

    Levy lauded  for providing and mobilising resources to drive government activities in terms of development, saying “the people are seeing the results”.

    In her remarks, he deputy governor, who received the group on behalf of the state governor, said positive partnership was key to the development of any nation.

    She said the state government was ready to partner with the World Bank and the private sector to further boost and develop all the sectors of the economy.

    Adebule urged the group to also consider healthcare, environmental management, tourism, education, agriculture, energy and transportation as possible areas of collaboration.

    She said:“Your partnership with us in the past years has been very tremendous and we look forward to more of such collaborations, especially in some challenging sectors.

     

    “The government is judiciously expending the internally generated revenue to drive development, but more still needs to be done like in the area of potable water.

    ‘“Only 30 per cent of the people in the state have access to potable water and we need to really increase access to water.

    “The energy sector, education and water transportation are our areas of challenge and we need your assistance to surmount them,.”

    Adebule also appealed to the World Bank to intervene in the country’s exchange rate crises as a world financial body to get the country out of its economic challenges and put it back on the path of growth.

  • Youths demand sustainable domestic immunisation financing

    Youths demand sustainable domestic immunisation financing

    Nigerian youths have urged the Federal Government to develop a sustainable plan for vaccine and immunisation financing.

    The youths made the call at the end of a two-day Routine Immunisation Youth Champions Retreat organised by Community Health Research Initiative (CHR), an NGO, in Abuja.

    A statement issued by Ms Ndidi Chukwu, Communications and Media Officer, CHR, said the youths commended the recently approved $125 million World Bank loan to finance 2017 Polio Eradication Programme and other routine immunisation.

    It noted that Gavi, the Vaccine Alliance, would end its support in the next five years to the country.

    According to the statement, the coalition asked the government to evolve ways to finance procurement of vaccines for immunisation rather than depending on loans and donor support.

    The youths who were trained by CHR and Partnership for Advocacy in Child and Family Health (PACFaH) to support immunisation financing advocacy in Nigeria, urged the government to create innovative means for financing immunisation.

    The statement also lauded government on its anti-corruption crusade and advised that some of the money recovered from looters should be used to fund pressing health issues in the country.

    It further recommended increased budgetary allocation for immunisation during the Gavi transition period to bridge possible funding gaps that could arise in Nigeria.

    The youths also urged traditional and religious leaders and institutions to actively participate in immunisation advocacy and ensure community involvement.