“Nigeria is central to the World Bank group’s mission of tackling extreme poverty. The World Bank is carefully targeting its support on high impact projects as the country works to tackle corruption and lift.. .
Ogun is one of the six states approved by the world financial institution to support development priorities in the country, including improving immunisation, enabling a stronger business environment for the private sector, expanding the digital economy to promote job creation and increasing public and private sector capacity on governance and social and environmental safeguards.
The credit facility is expected to help the Ogun State Economic Transformation Project improve private investment in the state by enhancing the business environment, strengthening the linkages between agricultural producers, suppliers and service providers, and providing training and apprenticeships for women and farmers.
The project facility suffered a major setback and was reduced from the original amount of $350m because of the slow utilisation of the initial preparatory allowance of $5million and the poor implementation of the preparatory phases of the project facility by the previous administration.
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