Business&Finance

World Bank to strengthen partnership with LASG on key development projects

June 06, 2017 lawson james 0 Comments

World Bank to strengthen partnership with LASG on key development projects
World Bank to strengthen partnership with LASG on 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 to 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 for a pilot study in its sustainable development assistance scheme because Lagos is leading in providing good governance and infrastructures that have direct positive impact 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, adding that Lagos over time has been blessed with leaders with good vision and aspirations for development.

The World Bank Chief noted that previous partnership with the State government in areas of transportation, education, environmental management and flood control had been of great benefit to the urban renewal efforts of the government and pledged more support to scale up the State's infrastructural development projects so as to meet the aspirations of the people.

In her response, the Deputy Governor, Dr. Idiat Oluranti Adebule, who received the delegation on behalf of the Governor, commended the World Bank for its support, which she said, had helped the State government to achieve its transformational policies especially in flood control, transportation and the Eko Project initiative.

‘’We will continue to treasure this partnership and support 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 said.

The Deputy Governor, while envisaging that the visit would further bring development to the State, noted that as the Internally Generated Revenue IGR has increased yearly, the residents deserve better governance in terms of scaling up infrastructure provision.
She, therefore, urged the World’s Apex Bank to consider energy development, efficient potable water supply, water transportation, road construction and education as some of the other key areas that require urgent support and partnership to further bring democratic dividends to the people.

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