The credit, approved last week, will be in the form of budget support to finance policy and institutional reforms that Edo State has undertaken, to improve its public financial management, increase private investment in land, and significantly improve the quality of the state’s education system. “We would like to encourage the government of Edo to sustain the gains achieved to date by further improving governance and service delivery in Edo State,” said Marie Francoise Marie-Nelly, the World Bank Country Director for Nigeria. “We expect that this budget support to Edo, like that granted to Lagos State earlier, will have a positive demonstration effect on other states in Nigeria by inspiring them to take on important reforms to build strong systems and institutions that will endure over successive governments,” she added.This is the first in a series of yearly development policy financing operations that support Edo State’s medium term strategic plan focused on bolstering growth, creating jobs and reducing poverty. Edo State is strengthening its financial management information system for budget management, aligning of the state’s annual budgets to the strategic priorities of the government, improving financial accountability through timely audits and the publication of the state government’s audited financial accounts. The programme will also ensure professionalisation of the state’s procurement function to improve the management of public procurement in the state.
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