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NIGERIA : World Bank to invest $60 million on projects in Edo State
Publish Date : 03-Nov-2011
The World Bank has concluded plans to pump $60 million into projects in Edo State following the pass mark given to the government by the bank for the ongoing projects in the state.
The new World Bank Country Director, Marie Francoise Marie-Nelly disclosed this during a visit to the State Governor, Comrade Adams Oshiomhole at the Government House in Benin City, just as the state government revealed plans for two 450Mw Independent Power Projects totaling 900Mw to be sited in the state to boost the nation’s power generation.
According to Francoise Marie-Nelly, “since the state’s policies are very clearly laid out, we have received the go-ahead to proceed. I will like to mention that the amount has been slightly reduced in our discussion with the government because the amount that was approved in the national budget plan is $60 million”, she noted.
According to Governor Adams Oshiomhole, he has been able to make a point that Edo State can work despite its lean resources. He noted that there are a lot of challenges which government has not been able to address.
