Nigerians Should Trust Buhari's Ability to Improve Economy-Adeosun

10 World bank officials in Nigeria to meet with Osinbajo and governors over projects

"We have been able to grow the tax payers' base to 19 million in two years from the 65 million economically active people who are not tax complaint", the Minister said.

"It is a great priority to us and we welcome you to some of the power initiatives that we are driving in the power sector". "We are optimistic but we will remain vigilant", Adeosun added.

She said the growth was hinged on improving expenditure on infrastructure.

"Without federal allocation, most states can not survive; Lagos state alone takes in as much Internally Generated Revenue as 31 states combined; it tells you how little the other states manage to bring in in IGR, " he noted.

"One thing that we think is a game changer in terms of the economy regarding industrial growth and improving the standard of living and quality of life is solving the power problem", she said. By doing that, he said, "states which are not doing well get inspired by their counterparts who are using the tax money well to build facilities for their people".

The World Bank delegation will meet with Vice President Prof.

A statement sent to business a.m. and signed by Oluyinka Akintunde, the finance minister's special adviser on media and communications, said the World Bank Mission would comprise its executive directors for Switzerland, France, Italy, Nordic, Peru, Germany, South Africa (representing Angola, Nigeria, and South Africa), Burkina Faso (representing Francophone Sub-Saharan Africa), Zimbabwe (representing Anglophone Sub-Saharan Africa), United Kingdom and Indonesia.

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Osinbajo added that when people pay their taxes, they tend to hold the government to account more for how the country's resources were being managed.

The Leader of the World Bank Mission to Nigeria, Patrizio Pagano, explained that the team was in the country to acquaint itself with the Government's growth and power priorities.

Adeosun, however, urged Nigerians to trust the Federal Government, promising that it would deliver on infrastructure and services if they paid their taxes.

The two closed projects include $75 million project initiated on April 29, 2015 to support Edo State Fiscal Improvement and Service Delivery Operation and the $200 million Third Lagos State Development Policy Operation aid which began on June 26, 2015.

Since coming in 2015, Osinbajo said the administration has worked assiduously to change this state of affairs and was determined to restore the full weight of the social contract.

"By 2019, the growth will be stronger than the present level in 2018".

The other projects to be reviewed by the World Bank audit team include $200 million multi-sectoral crisis recovery project for the North-east approved on March 20, 2017; the $200 million agro-processing, productivity enhancement and livelihood improvement support project that took effect from March 23, 2017, and the $150 million mineral sector support for economic diversification project approved April 14, 2017.

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