President Muhammad Buhari has said his administration has implemented
several priority projects in the year 2020.
Speaking during the presentation of the proposed 2021
budget, the President said that much progress has been made on several fronts
adding that the government has delivered on key policies, programmes and
projects in these priority areas.
According to him,” agriculture has recorded appreciable
success in rice and other crops mainly through the Anchor Borrowers Programme
and the Presidential Fertilizer Initiative, anchored by the Central Bank of
Nigeria and the Nigeria Sovereign Investment Authority, respectively.”
“We are also accelerating the construction of 337 rural
roads around key agricultural corridors to enhance access to market and reduce
post-harvest losses.
“These efforts have reduced the adverse impact of
Coronavirus on our food availability, prices and security.
“We have made progress on the railway projects connecting
different parts of the country. The Lagos-Ibadan Line will soon be operational.
“The Abuja-Kaduna Line is running efficiently while the
Itakpe-Ajaokuta Line was finally completed after over 30 years since it was
initiated and commissioned in September 2020.
“Arrangements are underway to complete the Ibadan-Kano Line.
Also, work will soon commence on the Port Harcourt-Maiduguri Line and
Calabar-Lagos Coastal Line, which will connect the Southern and Eastern States
to the North, and the South-South as well as South-East to the North, and
South-West, respectively.
“The Second Niger Bridge is at about 46 percent completion.
We hope to commission the project before the end of our tenure in 2023.
“We have awarded several contracts to rehabilitate,
reconstruct and construct major arterial roads to reduce the hardship to
commuters and increase economic activity.
“To bridge the infrastructure deficit, we are also
implementing innovative financing strategies to pull-in private sector
investment.
“The Infrastructure Company, which I recently approved, will
become a world-class infrastructure development vehicle, wholly focused on
making critical infrastructure investments in Nigeria.
“This Infrastructure Company will raise funding from the
Central Bank of Nigeria, the Nigeria Sovereign Investment Authority, the Africa
Finance Corporation, pension funds as well as local and foreign private sector
development financiers,” the President said.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com