World Bank details sectors for $350m loan to Ogun

by Bill Okonedo

May 16, 2018 | 10:16 am
  |     |     |   Start Conversation


The World Bank has designed a five year investment plan centred on how the $350 million loan which the Ogun State Government is seeking from the global financial institution will be spent.

According to the World Bank, the $350 million loan will be invested in five key socio-economic areas which include agriculture, business environment and industry, skill development and education, governance as well as project management.

Speaking at the Chambers of the Ogun State Executive Council, Governor’s Office, Oke-Mosan Abeokuta on Tuesday, Kofi Nouve, task team leader of World Bank disclosed that agriculture will take $120m, business environment /industry, $100m; skill development (education), $100m; governance, $20m and the remaining $10m would be expended on project management.

Earlier, the State Executive Council also received at the meeting, the progress report of the Public Service Transformation Office (PSTO) on the reformation of its civil and public service sector for optimum results, in line with world best practices.

The leader of the Department For International Development, David Ukagwu, who noted that the Bureau of Land and Survey was being used as a pilot study, stated that the Committee would soon move to other Ministries, Departments and Agencies.

Responding, Governor Ibikunle Amosun of Ogun state assured of his administration’s strong desire to institutionalise a system driven environment across MDAs for effective and efficient public service that would promote optimum output in governance.

The Governor however mandated relevant agencies of government to make available documents for the executive order, to fast-track the process.

Tags: , , , ,

by Bill Okonedo

May 16, 2018 | 10:16 am
12893  |   93   |   0  |   Start Conversation

Big Read |  

Does Conoil need a makeover?

Does Conoil need a makeover?

One of Nigeria’s oldest company, Conoil Plc is looking like a company in need of a game changer as its...