By Dayo Johnson
The World Bank has lauded the Ondo State government for the implementation of the Urban Development projects and for its compliance with the budget and disbursement forecast of the world body for the year.
This was contained in a statement to the Minister of Finance; Mr. Olusegun Aganga by the World Bank Director for Africa Region, Onno Ruhl. The State was rated second for the full compliance on audited statement, budget and disbursement forecast for the year 2010.
According to the statement, out of the eight states audited, the bank was impressed with the way the state disbursed the cash allocation it got from the World Bank for various development projects in various communities in the state. The World Bank was equally impressed with the commitment of about 95 percent of the funds it got for various projects.
Ruhl said â€œthe mission was impressed with the performance of this state, having joined the project at a later stage. They have committed about 95 percent of the credit and have disbursed slightly above 70 percent.
â€œMost of the facilities constructed were done under standard procedure and the benefitting communities have shown appreciation by putting in place a good management team within the community. The accounting function is adequately staffed for the level of activities being carried out by the project. The project internal control system is adequate.â€
Answering questions on the rating, the Special Adviser to Governor Olusegun Mimiko on Multilateral Relations, Dr. Pius Osunyikanmi said the government was able to get the satisfactory ratings because of the mechanism put in place to check fraud in the system.
Osunyikanmi said the government has been paying its own counterpart fund in order to benefit from the World body funding. The government would make available N453million in order to benefit from the $15million allocated to the state for the year
The Special Adviser said the â€œfirst phase of the projects have been completed while the second phase of the projects in Akure and other parts of the state are in various stages of completion.
He highlighted some of the projects being sponsored by the World Bank in the state to include construction of roads, water mains, electricity and public toilets.