GTB 737 banner Yudala 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

Views: 1,890


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


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Remembering Biafra’s fallen heroes and heroines, By Nnamdi...

Wanted in London, Nabbed in Nigeria: How the...

Buhari, Ghanaian President for UNILORIN’s 40th Anniversary, 31st...

Nigeria has not embraced GMO: Minister

Today’s weather outlook, as forecast by NiMET

Anti-corruption war has come to stay: Buhari

LCCI decries inconsistent policy on agriculture

Kaduna Assembly passes N214bn 2017 Budget

USAID, ARFH lauded for partnering Akwa Ibom in...

Abia Speaker charges parents on effective child training...

Shehu Sani inaugurates grassroots development programme for constituents...

Police nabs kidnap suspect, fake lawyer

 

Latest News Bloodbath as teenage bomber kills over 50 in Adamawa mosque BREAKING: Mugabe throws in the towel N1.5B used to buy votes during 2017 Anambra governorship election: Intersociety 6 militants gunned down in Rivers US busts Africa bribery schemes, nabs ringleaders BREAKING: Kaduna Education Commissioner rushed to hospital, dies How we drugged, robbed Ex-Finance Minister: Suspects APC, PDP lament Ekwueme’s demise Anti-graft war: CJN tackles Buhari over FG’s disobedience of court orders 2 allegedly dead, many injured as Osun APC factions fight Buhari restates determination to improve aviation infrastructure Bitcoin hits record high after smashing through $8,000 for first time

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (294,981 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (278,742 views) Shameless Genevieve Nnaji exposes breasts in public (225,375 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (189,635 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (181,437 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (166,329 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (144,205 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (130,657 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (127,315 views) Lagos plane crash: Journalist releases victims’ names (116,572 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (113,843 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (108,013 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (30) Business (2,775) Business Verdict (26) Columnists (769) Complaints & Requests (93) Enterprise & Opportunities (187) Entertainment (405) Features (510) Global Business Monitor (190) International (1,650) Interviews (138) Live Commentary (28) Love Matters (83) News (30,407) Opinion (838) Pidgin (9) Politics (4,117) Religion (648) Sports (1,357) Stock Watch (24) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Words on marble

 

 

Argentina vs Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!