The Development Agenda for Western Nigeria initiative aims to create economic development as well as progress the power sector in Nigeria, Dipo Famakinwa, the director general of DAWN has said.
“Power is key to industrialisation and we have certain capacities across the lengths and breadths of Nigeria that we need to leverage. The idea that we have an opportunity to develop the power sector, it now opens up the space for people to begin to invest,” Famakinwa told CNBC Africa on Monday.
The south west of Nigeria launched the Development Agenda for Western Nigerian (DAWN) initiative to accelerate socio-economic development and with a minimal number of power stations in that region, power can become a limitation.
“What the agenda encapsulates is to find the mechanisms for the states in the south west of Nigeria to begin to work together on development programmes that run across the socio economic strata. There must be ways these states can begin to look at these issues together,” said Famakinwa.
Intra-regional trade seems to be a trend in the country with the BRACED commission in the Bayelsa, Rivers, Akwa Ibom, Cross River, Edo and Delta states in Nigeria’s south-south region as well as the DAWN initiative, which aims to develop the Lagos, Ondo, Ekiti, Osun, Oyo and Ogun states.
“The idea is to begin to look at areas where they can build competitive advantage and leveraging the fundamental issues of development across the region - issues of economic development, promoting economic competitiveness, rebuilding the infrastructure of the region, rebuilding the social and human capacity within the region,” said Famakinwa.
“Part of what we intend to do is to repackage the process of delivering development to the people of the region. It is for us to begin to look at an economy of more than 40 million people in the south west of Nigeria and see how we can actually create an economic, development block around that.”