World Bank Restates Commitment to Development Projects

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Enterprise Television- World Bank Restates Commitment to Development Projects

The Executive Director, Angola, Nigeria and South Africa sub-group, World Bank, Ms. Bongi Kunene, said that the World Bank has reiterated its commitment to development projects aimed at creating meaningful impact in developing countries.

Kunene stated this during the visit of some officials of the bank to the Azura-Edo Independent Power Project in Ihovbor, Uhunmwonde Local Government Area of Edo State. She said that the institution was open to partnerships as long as they were in line with its focus.

She also described the Azura-Edo power plant as a transformational project, with the capacity to provide solutions.

She commented that the government’s role is to make sure that all the standards are up to world standards and timelines are met.

The Managing Director and Co-founder, Azura Power West Africa Limited, Dr. David Ladipo, stated that the 450-megawatt project was a major contribution to Nigeria’s power sector.

According to him, with over 11 per cent of the entire power injected into the national grid coming from the plant, the output of the Azura-Edo project was satisfactory, and assured that the second phase of the project would commence soon.

The Edo State governor, Godwin Obaseki said the state government would harness the opportunities created by the completion of the power project to attract more investors. Obaseki stated the need to extend the benefits of this investment

He also stated “So, we will be looking at the Benin Industrial Park, building infrastructure to encourage and support manufacturers to come in. We are looking at innovation hubs; we want to use the factor and advantage of 24/7 electricity to encourage technology groups and companies to be located in Edo State.”

 

 

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