You are here

Ecowas Bank Chief Says It Is Committed To Economic Development Of Sub-Region

Submitted by LEADERSHIP EDITORS on March 30, 2012 - 8:47pm

Imported User:

Mr Bashir Ifo, the President of the ECOWAS Bank for Investment and Development (EBID), said on Friday that the bank was committed to the subregion's economic development.

Ifo spoke in Dutse at the end of a three-day sensitisation programme organised by the bank in collaboration with the Ministry of Foreign Affairs.

He said the bank would play its role through financing the projects and programmes of both ECOWAS and the New Partnership for Africa Development (NEPAD).

The sensitisation programme on the operations of the bank was the fourth of its kind in the country targeting the business community in the North-West geopolitical zone.

He explained that the bank’s areas of intervention included transport, energy, telecommunications, bank infrastructure, industry, education, health, environment and natural resources.    

Ifo said that despite the bank's effort to ensure consistent financing of development programmes, ``there is no doubt that inadequate and inefficient economic infrastructure remains a constraint in the areas of energy, water sanitation, ports, aviation, among others.

He commended President Goodluck Jonathan and the Jigawa government for the support given to the bank.

In her keynote address, Hajiya Hauwa Lawan, the Jigawa Commissioner for Commerce, Industry, Cooperatives and Tourism, said that the government was committed to achieving a sustainable socioeconomic development anchored on the principle of Public-Private Partnership.

According to her, this has placed the state on a sound and viable economic pedestal.