Economy

Edo, Lagos To Host 11 World Bank Executive Directors

Plans have been concluded for eleven senior World Bank officials to visit Edo and Lagos states and the Federal Capital Territory, Abuja, on an impact assessment tour of the bank’s developmental projects in the country.

The states, will play hosts to 11 Executive Directors who will assess the performance of the states on key development indicators, and review activities to determine the feasibility of extending more support to some of the programmes funded by the Bretton Woods institution in the country.

Experts familiar with the development say that the focus on Lagos and Edo states is as a result of the relative satisfactory performance seen in the two states after the World Bank’s extension of funding to strengthen institutions, develop infrastructure and reduce poverty.

The stop at Abuja is for administrative reasons and will be to meet with top officials at the Presidency and the Ministry of Finance. But the visits to Lagos and Edo states are for first-hand review of their support towards strengthening institutions and infrastructures in the states.

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