#Nigeria
The Minister of Finance, Mrs Kemi Adeosun is the new Chairman of the Board of Governors of the ECOWAS Investment Bank.
She was named as the new Chairman on Tuesday in Abuja at the 15th Annual General Meeting of the board of governors of the bank.
The meeting was declared open by Vice President Yemi Osinbajo and was attended by ministers of finance of all the 15 member states that made up the ECOWAS region
Mrs. Adeosun cited the example of Nigeria, which she pointed out was already making efforts to radically transform her economy, by attempting to shift emphasis away from oil as the main source of revenue.
“Diversification and domestic resource mobilisation through improved tax revenue are therefore ongoing,” she said.
If adopted, she said diversification policy would have significant impact on the regional economy.
Again, she emphasised the need for infrastructure development, pointing out that it remained top on the agenda to ease movement of goods, people and services across the region.
She said generation of power would not only light up Africa, but would also enhance industrialisation.
Mrs. Adeosun used the occasion to underscore the significance of finance, arguing that for the region to realise its vision, member countries would need to mobilise appropriate domestic and external financial resources to support EBID and strengthen developmental partnerships and collaborations.
The EBID is a financial institution established by member states of the ECOWAS with headquarters in Lome, Togolese capital.
The Bank was established to promote private sector and development of the public sector and contribute to the economic development of West Africa through the financing of projects and programmes, particularly those related to transport, energy, telecommunications, industry, poverty alleviation, the environment and natural resources.
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The Minister of Finance, Mrs Kemi Adeosun is the new Chairman of the Board of Governors of the ECOWAS Investment Bank.
She was named as the new Chairman on Tuesday in Abuja at the 15th Annual General Meeting of the board of governors of the bank.
The meeting was declared open by Vice President Yemi Osinbajo and was attended by ministers of finance of all the 15 member states that made up the ECOWAS region
Mrs. Adeosun cited the example of Nigeria, which she pointed out was already making efforts to radically transform her economy, by attempting to shift emphasis away from oil as the main source of revenue.
“Diversification and domestic resource mobilisation through improved tax revenue are therefore ongoing,” she said.
If adopted, she said diversification policy would have significant impact on the regional economy.
Again, she emphasised the need for infrastructure development, pointing out that it remained top on the agenda to ease movement of goods, people and services across the region.
She said generation of power would not only light up Africa, but would also enhance industrialisation.
Mrs. Adeosun used the occasion to underscore the significance of finance, arguing that for the region to realise its vision, member countries would need to mobilise appropriate domestic and external financial resources to support EBID and strengthen developmental partnerships and collaborations.
The EBID is a financial institution established by member states of the ECOWAS with headquarters in Lome, Togolese capital.
The Bank was established to promote private sector and development of the public sector and contribute to the economic development of West Africa through the financing of projects and programmes, particularly those related to transport, energy, telecommunications, industry, poverty alleviation, the environment and natural resources.
Did You ❤ ❤ this post? DROP A C.O.M.M.E.N.T ... spill TEA.... Easy on Shade #jaiyeorie
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