– Federal government reveals progress in plans to establish long term project
– As part of the project implementation, railway projects will be built to link commercial centres in Lagos, Kano and Calabar
– There have also been calls for more foreign exchange policies to attract foreign investors into the local economy
The federal government is making considerable progress in the light of establishing long term projects in the country.
Vice president Yemi Osinbajo, on speaking to members of the Lagos Chamber of Commerce and Industry in Abuja, stated that international bodies have shown positive interest in helping the nation’s project implementations.
He made this statement on Tuesday, February 2. He said: “We have seen considerable, favorable interests from some sovereign wealth funds and other nations.”
He also stated that the Nigerian Sovereign Investment Authority is in charge of the project even as other partners are expected to join forces with the federal government so that the nation’s infrastructures can be optimally developed.
According to reports, Osinbajo added that the China-Exim bank has signified intentions to fund railway projects which should link major commercial cities like Lagos, Kano and Calabar.
It is expected that this projects will foster growth and development in the local economy.
He said: “We expect there will generate some economic activities and create jobs.”
According to the vice president, this is all in a bid to internally generate funding for the budget.
Chief Mrs. Nike Akande, a member of the Lagos Chamber of Commerce and Industry, who was present at the meeting in Abuja expressed support for the federal government in its current endeavours.
Akande admitted that the present economic realities in the nation do not leave president Buhari with any easy options.
She also called upon the Central Bank of Nigeria to implement better foreign exchange policies to help revamp the local economy and attract more foreign investors
This is dummy text. It is not meant to be read. Accordingly, it is difficult to figure out when to end it. But then, this is dummy text. It is not meant to be read. Period.
ConversionConversion EmoticonEmoticon