Nigeria charts path to achieve power reform objectives – Osinbajo

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Osinbajo at EITI conference on tackling corporate secrecy and revealing beneficial owners of companies
Osinbajo briefs World Bank officials

By Ismaila Chafe

Vice-President Yemi Osinbajo has assured World Bank officials that the government has now devised a clear pathway to achieve power sector reform objectives.

Osinbajo who received the officials on Monday in Abuja, lauded the World Bank for its commitment and support to the implementation of the Power sector recovery programme of the government.

The delegation of the World Bank (WB) and the International Finance Corporation (IFC) was led by Mr. Riccardo Puliti, Senior Director of the Bank’s Global Energy Practice.

The Vice President noted that the partnership with the World Bank had helped “Nigeria a great deal with the timelines and milestones that had to be achieved and also a great deal in refining our own approach to the entire reform process’’.

“We are completely committed to ensuring that we play our part in the arrangement and we think that this possibly one of the clearest pathways in a long time,’’ he added.

He lauded the partnership between the Federal Government and the World Bank team for the commitment and support shown to the implementation of the Power sector recovery programme.

In his remarks, the Senior Director on Global Energy Practice at the World Bank, Mr Riccardo Puliti, expressed satisfaction with federal government’s cooperation and commitment to the reform of the power sector.

According to him, the partnership between the World Bank and the federal government is a model which will add great value to the power sector in Nigeria.

Puliti equally praised the President Muhammadu Buhari for the remarkable achievements in the ease of business ranking released recently by the World Bank.

He noted that it was a major milestone for the country’s economic reform programme.

The meeting was attended by the Minister of Power, Works and Housing, Mr Babatunde Fashola and the Minister of Finance, Mrs Kemi Adeosun.(NAN)

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