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FG to launch $750m World Bank-backed programme

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On Tuesday, the Presidential Enabling Business Environment Council outlined its strategies for launching a $750 million World Bank program in January of the next year.

FG to launch $750m World Bank-backed programme

FG to launch $750m World Bank-backed programme

This was as Vice President Yemi Osinbajo, on Tuesday, said the kind of business environment Nigeria required for significant economic growth could only be achieved through hard work at the sub-national level.

According to a statement signed by his Senior Special Assistant on Media and Publicity, Laolu Akande, Osinbajo made the assertion during a meeting of the PEBEC where he received briefing on the State Action on Business Enabling Reforms Program coordinated by the secretariat and the World Bank.

The statement was entitled ‘Osinbajo to state govts: your hard work critical for business environment reforms to succeed.’

Prof Osinbajo said, “For all who are charged with responsibilities at the State level, you have your work cut out for you.

“If we are going to have the kind of business environment that our country deserves and that can make a difference for our economy, it is the hard work at the sub-national level that would really move the needle.”

He added that “the states’ process is a very important one and I hope that we will be able to spend individually, especially in the states, a fair amount of time trying to work out how this will work in actual practice in our various States.”

We have been working together for more than two years to conceptualize the SABER Program, said Dr. Jumoke Oduwole, Special Adviser on Ease of Doing Business and Secretary of PEBEC. The World Bank is starting this program for the first time at this level of global scope.

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