Nigeria: FG, AfDB parley on infrastructure, transformation
24 July 2013
The Guardian by Taiwo Hassan
The Federal Government and the African Development Bank (AfDB) have concluded plans to hold a high level policy dialogue on 'Infrastructure and Structural Transformation in Nigeria' that is expected to strengthen the nation's infrastructural development in the Federal Capital Territory, Abuja.
The meeting, which will have in attendance, the Coordinating Minister of the Economy, Prof. Ngozi Okonjo-Iweala, Minister of National Planning Commission, Dr. Shamsdeen Usman and top management staff of AfDB, is aimed to examine ways in which Nigeria could accelerate infrastructural development, reduction of poverty and social inequality.
According to AfDB, despite Nigeria being one of Africa's largest economies, the country continues to face challenges in using its potential to ensure substantial reductions in poverty and social inequality. The country has enjoyed a growth rate of some seven per cent over five years, due to assessed improved economic performance and sustained policy improvements.
Issues to be discussed at the roundtable meeting include Nigeria's integrated infrastructure master plan and the infrastructure action plan. The meeting will also discuss structural transformation and inclusive growth in Nigeria.
Recognizing the need for more inclusive growth, the Federal Government had stepped up the implementation of its transformation agenda (2011-2015).
In response to Nigeria's own national agenda, the AFDB's country strategy aims at primarily supporting the deepening of a sound policy environment and investing in critical infrastructure to promote economic development.