World Bank Okays N1.2b to Upgrade Nigeria's Airports

POOR infrastructure at most Nigerian airports will be addressed with a N1.2 billion ($10 million) World Bank facility.


The bulk of the money, according to sources in the Federal Ministry of Transportation Aviation, would be used to upgrade infrastructure and navigational aids at the airports.


The project will be supervised by World Bank officials.


Already, a Nigerian consultant has been appointed to manage the advertisement for bidders for the execution of the projects.


The project, when completed, will help to provide basic necessities at the four major airports in the country, which have suffered near neglect, and whose facilities are obsolete.

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This article addresses the recent decision to allocate funds to better the Nigerian airports so that they will be of the most benefit to the citizens of Nigeria. This allocation of funds shows the drive of Nigeria to become more industrialized and modern which can allow for greater competition with other nations throughout the world.

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FEC Okays New Policy on Industialisation Reviews EPA Pact

TO enhance better industrial growth in the country, the Federal Executive Council (FEC) yesterday approved a new policy known as the Nigeria Industrial Development Strategy.

The policy proposes the "cluster concept of industrialisation as a plank for development of the country's Small and Medium Enterprises (SMES) as a way of realising the vision 2020 strategy.

Also, the FEC approved a study on the potential impact of the various support options for Nigeria under the status of the ongoing Economic Partnership Agreement (EPA) negotiation between Economic Community of West African States (ECOWAS), Mauritania and the European Union (EU).

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This article addresses recent decisions in Nigeria to make attempts at bettering the “industrial growth” of the nation. This article also addresses the fact that there was a decision to designate $46.65 million to the International Development Association (IDA) which will use the money to “support West and Central African Air Transport Safety and Security projects.” Key Nigerian leaders decided that after the decisions made in this council, they must decide how thorough and in depth their involvement will be and to what extent they need to involve the citizens of Nigeria. These steps allow the government to maintain legitimate and give the citizens a feeling that their government has a right to lead.

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