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28 States Receive $68.36m from World Bank

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World Bank Blacklists

By Adedapo Adesanya

The federal government has announced that 28 states have received $68.36 million in disbursements under the World Bank-assisted SABER programme.

The federal government announced on Tuesday that 33 states and the Federal Capital Territory (FCT) had signed the Subsidiary Loan Agreement (SLA) under the programme, with 28 states so far receiving disbursements totalling $68.36 million.

The SABER programme seeks to enhance private investment in fibre optic deployment, strengthening regulatory frameworks to support this growth.

This comes months after the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, in November 2023 announced SABER as the successor programme of the States Fiscal Transparency and Accountability and Sustainability (SFTAS).

SFTAS was another World Bank-assisted $1.5 billion programme which was designed to nudge the sub-nationals into inculcating the virtues of accountability and transparency in governance.

According to the Permanent Secretary, Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya, 33 states and the Federal Capital Territory (FCT) signed the Subsidiary Loan Agreement (SLA) under the SABER programme.

A statement issued Tuesday night by the Director, Press and Public Relations, Ministry of Finance, Mr Mohammed Manga noted that 28 states had received between $1 million and $4 million in prior results disbursements, totalling $68.36 million.

“In its avowed determination to improve the business environment in the country, the Federal Government of Nigeria, in collaboration with the World Bank has declared the 2025 National Sensitization Workshop on the States Action on Business Enabling Reforms (SABER) Programme-for-Results open in Abuja – a $750 million initiative aimed at incentivizing state-level reforms to improve Nigeria’s business climate.

“The Permanent Secretary, Federal Ministry of Finance, Mrs Lydia Shehu Jafiya, while declaring the event open, emphasized the significance of the programme in fostering economic growth through business-friendly reforms.”

The statement quoted the Permanent Secretary as saying: “We are committed to creating an enabling environment that promotes business competitiveness and attractiveness.”

“The Permanent Secretary highlighted the progress made so far, with 33 states and the Federal Capital Territory (FCT) signing the Subsidiary Loan Agreement (SLA) under the SABER programme.

“Mrs Jafiya informed that 28 states have received between $1 million and $4 million in prior results disbursements, totalling $68.36 million.

“She acknowledged the challenges faced by states in implementing reforms but encouraged them to persevere,” the statement added.

It stressed that Mrs Jafiya assured that the government would continue to support states in their efforts to improve the business environment and attract investments.

The Permanent Secretary also emphasised the importance of transparency and accountability in the implementation of the SABER programme, saying, “we must ensure that the programme’s objectives are achieved in a transparent and accountable manner.”

By streamlining processes for land acquisition and ownership, the Permanent Secretary further disclosed that the programme aims to reduce bureaucratic hurdles and make it easier for businesses to operate.

The programme also prioritizes the strengthening of investment promotion agencies and public-private partnership units, recognizing the critical role these entities play in attracting investment and driving economic growth.

SABER slso aims to improve transparency and efficiency in government-to-business services, reducing the complexity and uncertainty that can often hinder business operations.

According to the statement, the programme builds on the successes of the States Fiscal Transparency, Accountability, and Sustainability (SFTAS) initiative, which promoted fiscal transparency and accountability at the sub-national level.

The SABER programme’s disbursements are contingent upon annual verification by an Independent Verification Agent (IVA), ensuring that states meet agreed reform milestones.

Programme Leader for Equitable Growth, Finance, and Institutions at the World Bank, Mrs Bertine Kamphuis, underscored the need for additional technical assistance, including in-person and smaller technical group meetings.

Also, National Programme Coordinator of the SABER Programme, Mr Ali Mohammed elaborated on the program’s financial structure, emphasizing that the $750 million budget encompasses not only Programme-for-Results (PforR) disbursements but also capacity building for state officials and implementation partners.

Under the now-ended SFTAS Programme introduced by former President Muhammadu Buhari administration,eligibility and clear-cut criteria were outlined for states to get disbursement from the Office of the Accountant General of the Federation (OAGF).

The criteria were open to civil society organisations and the media, who also assessed benefiting states based on their performance.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Dangote to Produce Plastic Packaging, Textiles as Polypropylene Facility Commences

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dangote Polypropylene

By Adedapo Adesanya

The Dangote oil refinery has commenced operating its polypropylene facility in Lagos.

Polypropylene is a thermoplastic polymer that is commonly used in plastic packaging, textiles, reusable shopping bags,  surgical equipment, household chairs, and kitchen utensils.

According to S&P Global, the starting up of Dangote’s 830,000 metric tonnes per year polypropylene site was one of the last outstanding milestones for the oil refining and petrochemical complex in its commissioning sequence, which has been taking place since January 2024.

“Polypropylene production has now started, with supplies being distributed in 25kg bags, and has already threatened to upend the domestic market,” two market sources had told Platts, part of S&P Global Commodity Insights.

When it becomes operational, the Dangote facility is set to become Africa’s largest polypropylene production site, producing from two polypropylene units with capacities of 500,000 metric tonnes per year and 330,000 metric tonnes per year.

The President of the Dangote Group, Aliko Dangote, previously set out hopes that the complex would fully cover some 250,000 metric tonnes per year of domestic demand for polypropylene.

S&P Global cited that the new capacity could quickly capture market share in the existing polypropylene homopolymer market, which has so far been concentrated at Indorama Eleme’s Port Harcourt refinery in Nigeria and drawn imports from the Middle East.

The company had previously said its $2 billion petrochemical plant located in Ibeju-Lekki, Lagos State, is designed to produce 77 different high-performance grades of polypropylene in the country.

With a turnover of $1.2 billion, the Dangote Petrochemical plant, situated alongside the Dangote Refinery, is positioned to cater to the demands of the growing plastic processing downstream industries, not only in Africa but also in other parts of the world.

Speaking then, Mr Devakumar Edwin, now the Vice President of Dangote Industries Limited, said the Dangote Petrochemical will drive massive investment in the downstream industries, generating huge value addition in the country, creating employment, increasing tax revenues, reducing foreign exchange outflow, and increasing the country’s Gross Domestic Product.

“We have 77 types of polypropylene, which can be used for different purposes, and we can produce it from our petrochemical plant. Currently, the plant is capable of producing about 900,000 tonnes of polypropylene per annum. Our Petrochemical plant should be the biggest in Africa,” he said.

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Lagos PDP Guber Candidate Jandor Returns to APC

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Olajide Adediran Jandor

By Adedapo Adesanya

The candidate of the Peoples Democratic Party (PDP) in the 2023 governorship election in Lagos State, Mr Olajide Adediran, popularly known as Jandor, has announced his return to the All Progressives Congress (APC).

Mr Adediran, along with his supporters, switched back to the ruling party on Monday at a media briefing held at Liberty Place, Adeniyi Jones Street, Ikeja, Lagos.

This comes after a closed-door meeting between Jandor and President Bola Tinubu in Aso Rock, Abuja last week, where undisclosed matters were discussed.

Jandor previously resigned from the PDP, citing indiscipline and anti-party activities, betrayal by the party leadership on the eve of the Lagos governorship election.

He also lamented false claims of an alliance that misled PDP supporters into voting for another candidate, presumably the candidate of the Labour Party.

Following his resignation from the opposition party, Mr Adediran, who was previously a member of the ruling party in the state, met President Tinubu in Abuja to inform him of his decision to return to his initial political family.

Before meeting with Mr Tinubu, Jandor also held talks with several political leaders, including former Vice President Atiku Abubakar, former military President Ibrahim Babangida, former Head of State General Abdulsalami Abubakar and 2023 SDP Presidential Candidate, Mr Adewole Adebayo.

Jandor ran alongside popular Nigerian actress, Ms Funke Akindele, but they came third at the 2023 Lagos polls after the incumbent, Mr Babajide Sanwo-Olu, polled a total of 762,134 votes to emerge the winner of the contest.

The candidate of the Labour Party, Mr Gbadebo Rhodes-Vivour, polled 312,329 votes, while the PDP candidate scored 62,449 votes.

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Rivers Assembly May Impeach Fubara, Serves Notice of Gross Misconduct

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fubara present 2024 budget

By Modupe Gbadeyanka

The Rivers State House of Assembly may have commenced the process of removing Governor Siminalayi Fubara from office.

This is because the legislative arm of government in the state has served a notice of alleged misconduct against Mr Fubara and his deputy, Mrs Ngozi Odu.

The Governor had been at loggerheads with a faction of the parliament in the past months, especially because of his fallout with his political godfather and predecessor, Mr Nyesom Wike, who is currently the Minister of the FCT.

Last week, after a Supreme Court judgment, Mr Fubara went to re-present the 2025 budget to the Rivers Assembly led by Mr Martin Amaewhule, but he was locked out.

Last Friday, the Assembly, which has 27 members loyal to Mr Wike, indefinitely adjourned plenary.

In a notice obtained by Channels Television, the state parliament said the decision to serve the Governor the notice was in line with the Nigerian Constitution.

“In compliance with Section 188 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and other extant laws, we the undersigned members of the Rivers State House of Assembly hereby forward to you a Notice of Gross Misconduct by the Deputy Governor of Rivers State in the performance of the functions of her office,” the notice read.

Recall that last week, during a media chat, Mr Wike disclosed that heavy would not fall if his successor is impeached by the Rivers Assembly.

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