OGSG,WORLD BANK FINALIZES PLANS ON $350M ECONOMIC TRANSFORMATION PROGRAMME

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The Ogun State government, in conjunction with the World Bank group have concluded the design and plans for the Economic Transformation Programme, which would lead to the granting of 350 million dollars World Bank loan to the State.

The Task Team Leader of the Bank, Mr. Kofi Nouve made this known while presenting progress report to the State Governor, Senator Ibikunle Amosun, at his Oke Mosan, office in Abeokuta.

Speaking on the aim of the project, Nouve said it would enable the State put in place, necessary reforms and critical social investments that would help to uplift the population, saying, the team has gotten final approval to proceed with the final design mission and that all the core areas for the programme had been confirmed

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According to him, the project has three core areas of implementation including, creation of enabling business environment, skill and human capital development, as well as Agricultural development.

Mr. Nouve further disclosed that the project had been on for almost two years now, assuring that the final approval on the release of the fund would be obtained by next month, saying the project would go a long way in effecting a robust economy and provide healthy living for the citizenry.

Senator Ibikunle Amosun while reacting said, his administration would put necessary machinery in place to ensure that the State gets the needed support from the World Bank, revealing that the incoming administration already has readymade support to enhance good governance.

He observed that the support would equally assist in creating a system – driven environment for business, while urging the team to fast track the process of final approval.


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