News
Nigerian Govt to raise N20trn from launch of Renewed Hope fund
The Nigerian federal government plans to generate N20 trillion in economic investment through the launch of the Renewed Hope Infrastructure Development Fund, as announced by Mohammed Idris, the Minister of Information and National Orientation, during a briefing in Abuja.
This fund aims to support projects that stimulate growth, bolster local value addition, generate employment, and boost exports.
Notably, it will target critical sectors like the real economy, transportation, social services, agriculture, and ICT.
Projects earmarked for funding include the Lagos-Calabar Coastal Highway, Sokoto-Badagry Motorway, Lagos-Kano Motorway, Eastern Rail Lines, and the modernization of ports and aviation facilities nationwide.
Additionally, Minister of Power Adebayo Adelabu noted during the briefing that 85 percent of the population still receives electricity subsidies, despite recent tariff adjustments affecting 15 percent of customers enjoying a minimum of 20 hours of power supply.
-
Fact Check1 year agoFact-check: No, Federal Government is not giving out 25,000 naira conditional cash transfer
-
Entertainment2 years agoNaira Marley Speaks Out After MohBad’s Passing
-
News2 years agoTottenham Bracing for a Major Challenge Against Arsenal, Says Postecoglou
-
News2 years agoI’m best to work with Tinubu as Senate President – Kalu
-
Sport2 years agoLampard returns to Chelsea as caretaker manager
-
News2 years agoCause of Mohbad’s Death Under Investigation as Police Exhume His Body for Autopsy