AfDB Holds High-Level Policy Dialogue on Infrastructure and Structural Transformation in Nigeria
The African Development Bank and the Nigerian government will on Monday, July 29 hold a high level policy dialogue on ‘Infrastructure and Structural Transformation in Nigeria’ in the federal capital of Abuja.
The meeting will examine ways in which Nigeria could accelerate the reduction of poverty and social inequality.
Nigeria was one of Africa’s largest economies; however, the country continues to face challenges in using this growth to ensure substantial reductions in poverty and social inequality. Nigeria has enjoyed a growth rate of some seven per cent over five years due to improved economic performance and sustained policy improvements.
Issues to be discussed at the roundtable will include Nigeria’s ‘Integrated Infrastructure Master Plan’ and the ‘Infrastructure Action Plan for Nigeria’. The meeting will also discuss ‘Structural Transformation and Inclusive Growth’ in Nigeria.
Recognizing the need for more inclusive growth, the Nigerian government has stepped up the implementation of its transformation agenda (2011-2015).
In response to Nigeria’s own national agenda, the African Development Bank’s country strategy aims at primarily supporting the deepening of a sound policy environment and investing in critical infrastructure to promote economic development.
The meeting is jointly organized by the AfDB, Nigeria’s Ministry of Finance, and the country’s National Planning Commission.
The dialogue will focus on the challenges and opportunities faced by Nigeria, while bringing in experiences and lessons from other countries. The dialogue is expected to bring together policy-makers, private sector, academics, civil society activists and development partners.
Senior AfDB officials at the meeting will include the Bank’s Chief Economist and Vice President Mthuli Ncube and the Vice-President for Country Programs and Policy, Zondo Sakala.