Budgets Alone Can’t Drive Development – Dr. Okonjo-Iweala

Abubakar Turaki
2 Min Read
23 Sep 2009 --- epa01871956 Ngozi Okonjo-Iweala, Managing Director of The World Bank listens to speakers during a panel discussion on the second day of the fifth annual Clinton Global Initiative in New York, New York, USA, on 23 September 2009. The annual meetings, which run from September 22 through 25, is led by Bill Clinton to address poverty, health, climate change, and other worldwide issues drawing activists and political leaders from around the world. EPA/RAMIN TALAIE --- Image by © RAMIN TALAIE/epa/Corbis

Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has said that budgetary allocations and natural endowments alone are insufficient to drive sustainable development, stressing that Nigeria must embrace a stronger culture of maintenance.

Speaking on the country’s development challenges, Okonjo-Iweala noted that infrastructure can only deliver long-term value when it is properly maintained, regardless of the amount spent on its construction.

“Endowments alone do not add value; budgetary allocations alone do not lead to new roads and good maintenance. We lack a good maintenance culture in the country,” she said.

The former Nigerian Minister of Finance argued that while governments often focus on launching new projects, far less attention is paid to preserving existing infrastructure, leading to rapid deterioration and repeated expenditure on repairs or reconstruction.

According to her, effective maintenance is a critical component of economic growth, as it helps maximize public investments, extends the lifespan of infrastructure, and reduces the financial burden associated with replacing neglected facilities.

Okonjo-Iweala’s remarks highlight a longstanding concern among policy experts who have repeatedly called for Nigeria to shift from a culture of building new infrastructure to one that prioritizes the upkeep of roads, schools, hospitals, power facilities, and other public assets.

Experts say poor maintenance has contributed significantly to the deterioration of public infrastructure across the country, often resulting in higher costs for governments and inconvenience for citizens.

Her comments also underscore the importance of accountability in the management of public resources, emphasizing that development is measured not only by the size of government budgets but by the quality, durability, and functionality of projects delivered.

As Nigeria continues to invest in critical infrastructure, Okonjo-Iweala’s message serves as a reminder that sustainable development depends as much on preserving existing assets as it does on creating new ones.

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Abubakar Muhammad Turaki is a political scientist with a strong passion for leadership and education. He is committed to promoting informed public discourse and contributing to societal development through knowledge and communication. Currently, he works as a reporter at S24 Television, where he focuses on delivering news and engaging stories that highlight key social, political, and developmental issues.