FG spends N2.7tr on in­fra­struc­ture – Pres­i­den­tial aide

Daily Trust - - PROPERTY - From Ini­abasi Umo, Uyo

The Se­nior Spe­cial As­sis­tant to the Pres­i­dent on In­fra­struc­ture, Ms Imeh Okon, has said the Fed­eral Gov­ern­ment has spent about N2.7 tril­lion on the de­vel­op­ment of in­fra­struc­ture in the last three years.

Speak­ing in Uyo dur­ing a high level stake­hold­ers re­treat on Pub­lic Pri­vate Part­ner­ship (PPP), Okon said gov­ern­ment had to re­turn to the 25 years Master Plan on in­fras­truc­tural de­vel­op­ment through pub­lic pri­vate part­ner­ship.

She ex­plained that the pol­icy frame­work had been on ground, adding that the re­treat will bring stake­hold­ers to­gether to de­lib­er­ate and de­velop on poli­cies that would be suitable for the coun­try.

She said the Fed­eral Gov­ern­ment was com­mit­ted to the de­vel­op­ment of in­fra­struc­ture in the coun­try, adding that in­fras­truc­tural de­vel­op­ment en­hanced growth.

The pres­i­den­tial aide, said rev­enue gen­er­a­tion was a ma­jor chal­lenge since the coun­try de­pended on oil for rev­enue and the price of oil was not stable in the in­ter­na­tional mar­ket.

“So far, the Fed­eral Gov­ern­ment has in­vested N2.7 tril­lion in in­fra­struc­ture in the last three years. As you can see some of the div­i­dends have been the N100bn that we have in­jected into rail project,” she stated.”

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