Focus on infrastructure financing, Akerele advises Development partners

The Managing Director of Policy House International and the Executive Director of Incentive Based Initiative (IBI) Nigeria Taiwo Akerele has advised the world bank and the IMF to refocus its operations in Africa to infrastructure based financing and reduced its portfolio on social development to promote an enhanced  accountability mechanism for the governments in the region.
He stated this at the CSO virtual side events during the annual meetings of the world bank in Washington DC, United States of America. He was quoted ‘Africa is lacking in key  infrastructure especially economically viable highways, referral hospitals, dams, renewable energy and mechanized agriculture, our focus should be how to fund these sectors that can pay back itself, generate employment, bring revenue and tax to the government, promote private sector participation and a sustainable economic growth”
You have done quite a bit on primary health care through the Global Financing facility, your portfolio on education is huge, you have done well on public finance management and budget reforms in the last 20 years however, to test the capacity and efficiency of the governments in the region after two decades of sustained support through IDA credits, its time to shift focus. Perhaps your support for infrastructure financing should be hinged on how much budgetary commitment the government is ready to make to key sectors such as primary health care, immunization and primary education.
Mr Akerele used the opportunity to draw the attention of the global body during the CSO sessions to the crisis of out of school kids in some parts of Nigeria especially the north east region where close to 40% of the total national Out of school children are located. He called for incentives to parents to support the existing infrastructure that is already in place and enhanced security architecture to drive enrollment significantly in the next half a decade.
The development economist further commended the Nigerian government for supporting the world Bank in the implementation of the Basic Education Service Delivery for all project (BESDA) in some parts of the country insisting that local ownership is key to result outcomes.

10 thoughts on “Focus on infrastructure financing, Akerele advises Development partners

  1. The only way to characterize your suggestions, contributions and submission is “supercalifrigilisticexpialidocious”. Another Femi Adeshina in the making.The world will soon announce and recognise you.All Edolites should be proud of you.

  2. Succinct. Africa needs to develops it’s key infrastructures to enable sustainable growth and development. Africa needs to address it rising population. A situation where population perpetually pursues grow is unhelpful. The more developed nations of the world that we look up to had to manage their population at some point including China. Like China we should adapt ‘book’
    economic and developmentall policies as well as political systems to our local realities like China has done and still doing.

  3. TFA you are a star whose reflection will open the pathway for all and sundry irrespective of class.
    Your passion, dedication and compassion is unsurpassed.
    With you at the helm, things surely and always work out.
    Keep the ball rolling always.

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