Fidelity bank banner Bayelsa State banner
FG to spend $25bn on investment in transport, energy —Osinbajo

By News Express on 18/11/2015

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,313


The Federal Government is to set aside $25 billion (about N4trillion) for investment in transport and energy sectors in Nigeria.

Vice President Yemi Osinbajo announced this at the 4th Niger Delta Development Forum in Asaba on Tuesday.

Osinbajo said President Muhammadu Buhari-led administration was committed to partnering with the private sector to reduce poverty in the country.

According to Osinbajo, the money is being set aside to empower the youths and alleviate poverty.

He said: “We will not measure how well we have performed by macroeconomic indicators but by how many millions of Nigerians we are able to ring out of poverty.

“So, collaborating with the private, we will impact the youths through agriculture, information technology and skills development in other areas aimed at reducing unemployment in the country.”

He urged those concerned with the development of the Niger Delta to protect and instigate development in the region.

He urged the private sector operators to explore the opportunities in the energy/power sector to drive the small and medium scale enterprises.

Gov. Ifeanyi Okowa of Delta said although the country was passing through ‘turbulent time,’ the region would benefit if they see it as an opportunity to diversify.

He asked the forum to provide an overview of the state of natural resource exploitation in the Niger Delta.

He sought advice of organisers to deepen the collaboration between the private and public sectors in addressing poverty, unemployment and inequality.

Prince Eze Madumere, Deputy Governor of Imo State, asked NDDC and other sectors charged with the development of the region to rise to their responsibilities.

He said oil exploration had not rightly impacted the people, especially those in Imo state.

Mr Sam Daibo, Executive Director, PIND Foundation, said the forum was to proffer solutions to the various challenges militating against development in the region.

He thanked the USAID for partnering with the foundation and called on other development partners to take advantage of the forum to bring development to the region.

Mr Michael Harvey, USAID-Nigeria Mission Director said the future of the Niger Delta laid in the hands of its people and its leadership.

According to him, there are numerous opportunities begging for exploitation in the region.

He said USA was willing to collaborate with the people to develop the area.

Osinbajo was represented at the occasion by Mr Dan Abia, Managing Director of Niger Delta Development Commission (NDDC).

The forum, organised by PIND Foundation, in partnership with USAID-Nigeria, had ‘Collaborative Efforts for Stimulating Investment and Inclusive Economic Growth in the Niger Delta,’ as theme. (NAN)

•Photo shows VP Osinbajo.

Source News Express

Posted 18/11/2015 05:10:09 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
EFCC swoops on former Governors, political heavyweights

Unions threaten to disrupt operations at Lagos airport...

Edo Electoral Commission blames INEC for delay in...

EXCLUSIVE: Cameroonian troops enter Nigeria

‘Nasarawa lawmakers earn more than National Assembly members’...

Kaduna journalist on trial for alleged false report...

Cross River to build ethanol plant

UNIZIK students urged to shun plagiarism, embrace creative...

Kenyan President on trial at Int’l Criminal Court...

The Christmases I Remember, By Betty Abah

REVEALED: Nigerian Senators receive N13.5m monthly each, separate...

Nigerian pop star Patoranking reportedly arrested in Uganda...

 

Latest News Soldier kills 13-year-old school boy in Ondo Abandoned Projects: EFCC goes after Niger Delta contractors Policeman killed as Shiites continue protest against El-Zakzaky's detention Russia 2018: Pastor demands money to pray for Super Eagles’ win over Iceland 2018 Budget: South East senators express shock over reported cuts Nigerian banks lose N12.30bn to fraud in 4 years – NIBSS Auditor’s Report: NASS to sanction erring MDAs APC Convention: APC diaspora members throw weight behind Oshiomhole as new party chairman Again, court dismisses serial fraudster, Emmanuel Nwude’s application for bail Egypt to open defence office in Abuja Fake eye surgeon in police net World Cup: Saraki, others to watch Super Eagles against Iceland in Volgograd

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,355 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (351,744 views) Shameless Genevieve Nnaji exposes breasts in public (280,306 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (230,159 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (209,107 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,830 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,861 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,964 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,962 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,664 views) Lagos plane crash: Journalist releases victims’ names (143,879 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,702 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,261) Business Verdict (44) Columnists (870) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (505) Features (607) Global Business Monitor (283) International (2,045) Interview (154) Live Commentary (28) Love Matters (124) News (36,383) Opinion (1,004) Pidgin (10) Politics (5,299) Religion (771) Sports (1,555) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Portugal v Spain 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement