Home News World Bank Assures Lagos Govt of Assistance/Partnership in Key Development Projects

World Bank Assures Lagos Govt of Assistance/Partnership in Key Development Projects


Lagos State Government’s  urban renewal and infrastructure development projects will receive more boost as the World Bank at the weekend expressed its readiness to further partner and assist the state government to deliver more on key infrastructural projects  in appreciation of good governance put in place by the Governor Akinwunmi Ambode led administration.

This assurance was given by the Managing Director and Chief Financial Officer of the World Bank, Mr Joaquim Vieira Levy  during a courtesy visit on the state deputy governor, Dr Idiat Oluranti Adebule at the weekend.

Joaquim who was accompanied on the visit by other top officials of the world financial institution stated that the body picked Lagos State as its pilot state in its sustainable development assistance scheme because Lagos is leading in providing good governance and infrastructures that have direct positive impacts on its citizenry.

He noted that most developed countries of the world have been able to move their economy forward because of the adoption of the Public / Private sector integration model which he noted would further accelerate the growth rate of development in the state if adopted for the state, adding that Lagos over times has been blessed  with leaders with good vision and good aspirations  for development.

The World Bank Chief noted that previous partnership of the organisation with the state government in transportation, education, environmental management and flood control had been of  great  benefit to the urban renewal efforts of the state government, adding that the organisation would continue to assist the state government t scale up its infrastructural development a projects so as to be able to meet the aspirations of its teeming population.

In her remarks, the deputy governor of the state, Dr Idiat Oluranti who received the Wold Bank delegation on behalf of Governor Akinwunmi Ambode commended the World Bank for its support and partnership, noting that the efforts had helped the state government to achieve its transformational policies especially in efficient flood control, transportation and the Eko Project initiative.

“We will continue to treasure this partnership and  supports which have helped us to  deliver on good transportation through LAMATA, our modern Agric system, Sports development, Eko Projects and general infrastructural development programmes and many more that have helped our policy implementation,’’ Adebule commended.

The deputy governor who was highly elated  that the visit would further bring development to the state noted that as the Internally Generated  Revenue IGR is growing up yearly, the residents deserve better governance in terms of scaling up infrastructure provision, urging  the World’s Apex Bank to consider energy development, efficient  portable water supply, water transportation , road construction  and education as some of the key areas the state government would need urgent support and partnership to further bring democratic dividends to the people.

The deputy Governor who expressed worry over the current global economic meltdown appealed to the visiting World Bank Executives to help the country with more friendly policies that could help to regulate the high exchange rate in the country so as to increase the purchasing power of an average Nigerian and reduce inflation.

The highlight of the visit  which has top government functionaries in attendance was the presentation of |the souvenir of the Lagos State government to the World Bank visiting Executives.


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