Benefits of power reform will come in one year, says Okonjo-Iweala

Dr. Ngozi Okonjo Iweala11 May 2014, Abuja – Finance Minister, Dr. Ngozi Okonjo-Iweala has disclosed that the results of the current power sector reform “will take a year or may be a year and half for people to see the real benefits.”

She made this declaration over the weekend at the World Economic Forum on Africa in Abuja. However, she noted that “productivity gaps, tracking of implementation of government policies, corruption are areas of interest for the Nigerian government. Our major focus now is on how to create jobs, improve infrastructure and human capital.”

Okonjo-Iweala stated that there was need to link skills to education and that government needs to scale up delivery of service. She agreed that reforming of the civil service would help to drive better service in the country.

Also speaking at the event, the Managing Director, Mckinsey and Company, U.S.A. Mr Dominic Barton told African governments that good governance and infrastructure development are keys to achieving inclusive growth on the continent.

Barton cautioned that efforts should be geared toward ensuring infrastructure development in Nigeria but that the government “must place priority on education and capacity building of the young people, as such efforts will help to drive inclusive growth in Nigeria.”


– The Nation

About the Author