The World Bank managing director Ngozi Okonjo-Iweala has lauded the scorecard of Nigeria's economic progress presented at the Nigerian Economic Summit in Abuja.

The three-day summit, which started in Abuja, the capital of Nigeria on Tuesday, was opened by Nigerian Vice President Goodluck Jonathan.

Commenting on the scorecard, Okonjo-Iweala said on Tuesday that the glass is half full and half empty which means the country have to do more work.

"In the area of power, education, health, we need to work more. Nigerians need to feel the benefit of what the government is doing as far as the economy is concerned," the News Agency of Nigeria quoted her as saying.

"That means more hard work ahead. We need to also work hard in the area of corruption and fight impunity," she said.

"The scorecard rated our performance at 48 percent, which means we have a long way to go," she added.

Speaking at the same occasion, Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido said much needed to be done to achieve sustainable growth in the nation's economy.

"We have a long way to go. we have gone some way, but the most important thing is to focus on the problems, to know the direction to follow and then move forward," he said.

The apex bank chief said CBN's support to banks is aimed at sustaining the growth in the sector, adding that corruption is another problem to be effectively tackled in the sector.

On his part, Tanimu Yakubu, the chief economic adviser to the Nigerian president, said there is need to examine government activities to ascertain progress made in various areas.

"The summit's scorecard is a veritable innovation, we need to take a look from time to time at the things that we are supposed to do and assess how well we are doing them, so that we can benchmark our progress," he said.

(Xinhua News Agency December 16, 2009)