Wednesday, 4 April 2018

World Bank begins implementation of new safeguards for Nigerian investments.

The World Bank on Tuesday began the implementation of its Environmental and Social Framework (ESF) in Nigeria by organising a workshop.

A statement sent to PREMIUM TIMES, signed by the Senior Communications Officer, Nigeria, Olufunke Olufon, disclosed that the workshop was organised to provide comprehensive understanding of the new environmental and social requirements the World Bank will be applying to new investment projects it finances starting October 2018.

“Time and again, we have seen that investment projects are more sustainable and have a greater development impact when the environment is protected, and when communities and people are engaged. The ESF is a great opportunity to work together with the Nigerian government to strengthen its environmental and social systems, and help build the country’s capacity to implement programs in a sustainable way and to achieve stronger results,” said Rachid Benmessaoud, World Bank Country Director for Nigeria.

By Ifeoluwa Adeyemo.
Full story at The Premium Times.

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