AfDB-Nigeria: Catalyzing Development and Transforming the Society

 30 Apr 2013 15:40 Africa/Lagos  

AfDB-Nigeria: Catalyzing Development and Transforming the Society

 TUNIS-BELVEDERE, Tunisia, 30 April 2013 / PRNewswire Africa / - For over four decades, the African Development Bank Group (AfDB) has been involved in Nigeria's development process. In assisting the country it has been employing a full range of sovereign and non-sovereign instruments including private public partnership (PPP). The Bank's Private Sector Department in particular has been playing active role in mobilizing other investors and leveraging third-party co-financing investments.

As AfDB unveils its 2013-2022 Ten Year Development Strategy, anchored on Africa's economic transformation, Nigeria's development agenda will continue to rank high for the Bank. Nigeria's infrastructure including power, transport and water supply will remain one of the key areas in which the AfDB and Nigeria will be collaborating for a common transformation goal. In this regard, the Bank's Country Strategy Paper (CSP) 2013-2017and Nigeria's Vision 2020 will provide a joint framework for collaboration.

The framework boldly embraces the future and will help reduce the country's development deficit at least on infrastructure side. A number of Bank funded infrastructure projects clearly advance Nigeria's aspirations to be among the top 20 economies in the world by the year 2020. While focusing on the aspirations the two vision documents will primarily contribute to Nigeria's achievement of the Millennium Development Goals, as well as enhance the country's development sustainability. Projects like the Lekki Toll Road, Lekki Deep sea Port, Nigeria-Benin Power Transmission, Cross River State Rural Access and Mobility projects, to name just these, are synchronized result-driven projects. They have a high dose capacity of unlocking new sources of growth for the country's structural economic transformation and inclusive growth. AfDB's core infrastructure projects in power, transport and even in water supply have traditionally played obvious catalytic roles in the past.

The ones hereby outlined will not be less effective as they are designed to align both the key pillars of the Bank's Ten Year Strategy and Nigeria's Vision 2020 goals.

SOURCE : African Development Bank (AfDB)

30 Apr 2013 01:57 Africa/Lagos  

AfDB-Nigeria: The AfDB reinforces its partnership with Plateau State

TUNIS-BELVEDERE, Tunisia, 29 April 2013 / PRNewswire Africa / - In a move to strengthen its relationships with its partners on the ground the African Development Bank (AfDB) Resident Representative, Ousmane Dore, paid a courtesy call on the Plateau State Governor, Jonah David Jang, on April 12, 2012 in Kuru. Discussions between Jang and Dore revolved around the development of Nigeria in general and the Plateau region in central Nigeria.

Dore provided an update of the ongoing Fadama Project in Plateau State, which is a follow-up to the successful implementation of the National Fadama Development Project (Fadama I) through 1993-1999. He also informed the Governor about the Board approval of the 2013-2017 Country Strategy Paper, which is built on two pillars: strengthening policy environment and development of critical infrastructure.

 The Governor, for his part, informed the Bank delegation that when he assumed duty in 2007, he developed a blueprint for the Plateau State which was tagged the 10-point agenda. This, he highlighted, focuses on peace-building, development of a Greater Jos master plan, revitalization of primary and secondary education, establishing the state as a hub for the export of agricultural products and development of critical manpower for the state amongst others. At the end of the visit, there was an agreement on the need for further consultation between the Bank and the state.

 The meeting followed a presentation delivered by Dore on banking and financial sector reforms in Africa at the Nigerian Institute of Policy and Strategic Studies. The institute serves as the most prestigious centre for reflection, research, policy dialogue and strategic studies in Nigeria.

 SOURCE : African Development Bank (AfDB)

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