Business
World Bank Hails N’Delta Infrastructural Dev
World Bank has commended the federal and state governments of Niger Delta region for holistic effort to resolve contentious issues of militancy, infrastructural development and transparency in the region.
The leader of economics team of the world’s apex bank, Mr. Volker Treichel state this at Yenagoa, the Bayelsa Stated capital while presenting a report on public expenditure framework to Bayelsa State government.
According to Mr. Treichel, the bank would partner with the state government in the areas of infrastructural development because, the state has shown enough effort on transparency and accountability in its administration.
He said the bank would identify areas of priority and offer its assistance noting that the state has all it takes to rank among the committees of developing states in the world.
He further expressed satisfaction with the score sheet of government in the areas of completing abandoned projects and the recently introduced biometric aimed at authenticating the strength of the state workforce.
“We have before now not supported any Delta governors with large projects funding due to pre-conditions that is needed for a glaring show of proper accountability of resources by governors. That is why we have put in place fiscal performance analysis to get data on the present situation after that we will know if any further project should be sponsored by the World Bank”.
He also stated that the analytical survey being carried out by the bank is to determine the level of commitment and diversification of the state economy from only one area.
Earlier, the State Governor, Chief Timipre Sylva, has outlined efforts being made by his administration to put the state in stable economic stage.
Among these efforts, he said, was practical approaches at implementing practical reforms and diversification of economy from oil to include the improvement of power, education, agriculture and sustainable development strategy.
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