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Home National FG Expects More Private Sector Investments In The Infrastrature Sector- Udo Udoma
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FG Expects More Private Sector Investments In The Infrastrature Sector- Udo Udoma

By
Adedeji Ajibade
-
August 18, 2016

Senator-Udoma-Udo-UdomaThe Minister of Budget and National Planning, Senator Udo Udoma has said that the Federal Government is hopeful of increased private sector investment in the infrastructural sector of the economy following its efforts in galvanising the sector.

Senator Udo Udoma said this on Thursday while receiving the report of the 3- Day Pre- Summit Workshop from the Infrastructure Public- Private Partnership Summit Group led by Barrister Abubakar Mahmoud, SAN.

The Minister said, “We are optimistic that the level of private sector investment in the infrastructural sector of the economy will increase following our efforts in galvanising the sector to develop our economy’’

Senator Udo Udoma stressed the significance of infrastructure, describing it as capable of turning around the economy hence the idea of this administration in allocating a huge percentage of the 2016 budget to the sector.

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On the recent issue of the GDP which saw South Africa overtaking Nigeria, as the country with the biggest economy, he said that it should motivate us to work harder arguing that the country has the capacity, energy and enterprise to be number one in Africa.

He assured of government support and determination to turn around the economy as well as remove economic bottlenecks.

          Earlier in his remarks, the Chairman of the group, called for pooling of resources and expertise to improve Public Private Partnership in Nigeria.

He also stated the need to raise the standard of PPP projects in Nigeria and called for strong political commitment in this regard.

 

Adedeji Ajibade

Director (Information)

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Adedeji Ajibade
Adedeji Ajibade
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
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Senator Ireti Kingibe Defects from Labour Party, Joins ADCLakurawa kills 3 police operatives in KebbiNiger Police Confirm Arrest of 22 Illegal Miners After Violent ClashFG Secures 44 New Convictions in Terrorism Financing TrialTroops Nab Three Gunrunners, Recover AK-47 Rifles, Ammo in KadunaBoard Approves Promotion of 95 Senior Officers in Immigration, Civil Defence, Fire, Correctional ServicesAlake's Verdict on Mining Marshals By Abdullahi O Haruna HaruspiceThe Facts About Nigeria’s Debts Burden Under Tinubu’s Watch By Zekeri Idakwo LarubaGovernor Yusuf of Kano Wins Top Infrastructure Award at London’s 15th African Achievers EventLocal Government Autonomy Not Negotiable — FG DeclaresNigeria’s Future Rests on Smart Defence Management — Badaru to Military LeadersCustoms Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDACTroops Intercept 3 Gunrunners, Seize Weapons, Cash in KadunaTroops Bust IPOB/ESN Logistics Network, Arrest Informants in Southeast — DHQSoludo and Radda’s Candid Confessions on Homegrown Terror By Tahir Ahmad
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