By Abdulfatah Babatunde
The Tinubu Stakeholders Forum (TSF) says President Bola Tinubu administration’s efforts to modernise Nigeria’s infrastructure are fully on track with the recent Cabinet approvals.
TheNewsZenith reports that TSF In a statement jointly signed by its Chairman Ahmad Sajoh and Secretary Josiah Afolabi, TSF noted that those initiatives are as a result of financial engineering in the aftermath of the removal of fuel subsidy.
“We are proud to highlight the Nigerian government’s unwavering commitment to transform infrastructure projects and economic policies.
“This is as recently approved during the recent two-day Federal Executive Council (FEC) meeting.
“These initiatives are poised to significantly enhance Nigeria’s infrastructure, drive economic growth and improve the quality of life for all citizens.
“We have no doubt that those projects and policies will revolutionise Nigeria’s infrastructure and housing sector through strategic public-private partnerships.
“The government expects this partnerships to unlock approximately N2 trillion in investments
“Such investments are aim to accelerate modernisation of critical infrastructure and providing affordable housing solutions.
“This ambitious plan including the provision of low-interest yielding 25-year mortgages, will make home ownership more accessible to ordinary Nigerians.
“These projects all part of the “Renewed Hope” agenda of Tinubu’s administration to modernise Nigeria’s infrastructure and enhance economic corridors.
“To address previously neglected projects, the government approved the reconstruction of several vital roads, including the Lokoja-Benin-Okpela road.
“This project, valued at N120 billion, will receive fundings from BUA Cement under the tax credit scheme, ensuring sustainable financing.
Read Related News:
PDP not in position to advise Tinubu on governance – TDF
Tinubu inaugurates c’ttee for single window trading
Tinubu seeks collaboration with GAVI vaccines manufacturing
Summoning: Let MDAs do their jobs, Tinubu tells lawmakers
Tinubu appoints Infracorps as EverGreen City’s lead developer
“Other crucial road projects approved include the Koton-Karfe-Abaji Road along Abuja-Lokoja route and the Lagos-Calabar Coastal Superhighway. This is costing N89 billion and N1.6 trillion respectively.
“These projects will greatly improve connectivity, reduce transportation costs and boost economic activities across regions,” TSF stated.
According to the Think- Tank, the strategic removal of fuel subsidy has freed substantial government funds. It has also afforded the government to increased investment in vital infrastructure projects.
It noted that reallocation of resources had ensured that the government could effectively fund these initiatives without financial strain.
“The economic benefits of these projects are vast, including enhanced connectivity, reduced transportation costs, and boosted trade and economic activities.
“Furthermore, these initiatives are expected to create sustainable job opportunities and stimulate local economies, contributing to long-term economic stability and growth.
“We are also happy by the decision for a comprehensive review of the visa policy.
“This is with a view to allowing applicants to receive visas within 48 hours and potentially waiving visa requirements for certain countries.
“It will go a long way to attracting tourists, business people and creative professionals while also fostering greater economic and cultural exchange.
Do you have a flair for Citizenship Journalism? Share story(ies) of happenings in your area with The NewsZenith on WhatsApp: 08033668669 or thenewszenithonline@gmail.com
