The International Finance Corporation (IFC) has said that it will engage private sector operators in Nigeria’s Edo state to enhance business and investment opportunities.
Denny Lewis-Bynoe, Leader of an IFC delegation to Edo made the statement during a courtesy visit on the Deputy Governor, Mr Philip Shaibu in Benin.
IFC is a member of the World Bank Group and a global development institution focused exclusively on the private sector in developing countries.
Lewis-Bynoe said the team’s visit in Edo was to undertake a detailed assessment of the private sector in the the state.
“We will use this visit to engage the private sector directly, after the assessment, we will come up with strategies to improve business.
“The essence is to know the challenges being faced by the private sector and areas of possible improvement,” she said.
She said that the team’s report would be used as a working guide for the IFC in developing strategies to assist the private sector in Nigeria.
Speaking, Shaibu called on the world bank to evolve strategies capable of empowering commercial banks to provide better support for small scale businesses.
He said the Godwin Obaseki-led government was running a private-sector-driven economy, adding, we look forward to a robust relationship with you,” he said.
