President Buhari pledges investment support for Lagos state - National Accord Newspaper nationalaccordnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalaccordnewspaper.com Daily Mail and Mail on Sunday newspapers.
By Deji Elumoye
The federal government has expressed its readiness to support more massive investments in the Centre of Excellence to boost its economic potential as one of the world’s fastest growing mega cities.
President Muhammadu Buhari made this known on Tuesday in a video goodwill message to the Ehingbeti Lagos Economic Summit, themed: ‘‘For a Greater Lagos: Setting the Tone for the Next Decade.’’
According to him, the present administration recognised Lagos as central to the economic fortunes of Nigeria and has in the last few years demonstrated commitment to supporting it unleash its full socio-economic potential.
The president, in a statement by his Media Adviser, Femi Adesina, stressed that the federal government approved special federal funding for Lagos in 2020 in acknowledgement of the state being an epicentre of the coronavirus pandemic.
FG Pledges To Support, Boost More Investments In Lagos channelstv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelstv.com Daily Mail and Mail on Sunday newspapers.
Deji Elumoye in Abuja
President Muhammadu Buhari has approved the establishment of Infra-Co, a Public-Private Partnership-styled infrastructure company with an initial seed capital of N1 trillion, to tackle Nigeria’s growing infrastructure deficit.
Already, Vice President Yemi Osinbajo has been saddled with the responsibility of heading a Steering Committee to facilitate the take-off of the company.
Osinbajo’s Media Assistant, Laolu Akande, in a statement yesterday said with time, Infra-Co would grow to N15 trillion in assets and capital and that it would be one of the premier infrastructure finance entities in Africa to be wholly dedicated to Nigeria’s infrastructure development.