The modernisation of Abuja may soon be enhanced if Africa Development Bank (ADB) fulfills its pledge to transform the city's transportation system.
The President of the bank, Dr Donald Kaberuka, told newsmen on Tuesday in Abuja that the bank was currently looking at a new transportation system for the city.
Kaberuka explained that he visited Nigeria to brief President Umar Yar'adua on ADB's capacity to assist the new administration's commitment to spur development.
He said the bank had committed close to $3 billion in Nigeria since its inception, adding that it would soon start a road project running from Nigeria to Cameroon.
At a meeting with Yar'adua, Kaberuka said he was in Nigeria to find out the country's priorities and Yar'adua's expectations from the bank.
He described Nigeria as an important member of the bank, having maintained a 10 per cent stake in its ownership.
In his response, Yar'adua, urged the bank to support the development of the continent's infrastructure using the private sector.
"The African Development Bank needs to strongly support the development of infrastructure in the continent, especially power and transport, without which there can't be growth,'' he said.
He said ADB should examine its role in the light of changing global realities and globalisation, adding that, "we need to consciously and deliberately adjust our institutions to meet the needs of the continent''.
Yar'adua said Nigeria had embarked on a private sector driven reform programme targeted at a 10 per cent growth this year and a rise to 12 per cent in subsequent years.
The President said his priority was the provision of critical infrastructure to support the private sector and called on ADB to partner with Nigeria in the effort.
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