ADVERTISEMENT
The Sun Nigeria
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Home Business

FG to fix infrastructure deficit with pension funds

25th November 2020
in Business
0
FG to prosecute looters of Shoprite, MTN, others
0
SHARES
365
VIEWS
Share on FacebookShare on Twitter

As part of  its infrastructure masterplan, the Federal Government is planning  to use  the over N10 trillion pension funds to fix the infrastructure deficit.

Speaking during the 26th Nigerian Economic Summit Group (NESG) in Abuja, Minister of Finance Budget and National Planning, Mrs Zainab Shamsuna Ahmed, said that the Nigeria Infrastructure masterplan has been costed, adding that  it would require  up to $10 billion  to bridge the infrastructure deficit.

“It has also been analysed and categorised into  investment that government needs to make on its own—investment that government needs to make in partnership with the private sector—-an investment that the private sector itself can offtake.   We are currently in the process of reviewing it to be able to input the requirements of infrastructure into the Nigeria Agenda 2050 and the Nigerian Development Plan we are now working on. The government has just taken a decision to set up an infrastructure company (Infraco). We are trying to encourage idle funds. Funds from pension for example,  to be put into a vehicle that will enable Nigerians and the pension funds invest in a long term basis into structured  investment vehicles. This will not be driven by government. It will be private-sector driven. It could be a combination of long- term bonds or a direct investment into specific chosen projects. Also, we are working with sub-national governments in building infrastructure using funds from the private sector.

Tags: FG to fix infrastructurepension funds
Rapheal

Rapheal

Related Posts

Breaking: Naira crashes to N710/$1
Business

Breaking: Naira crashes to N710/$1

27th July 2022
Glo most consistent data network in Nigeria - Beacon of ICT organisers
Business

Glo most consistent data network in Nigeria – Beacon of ICT organisers

27th July 2022
Yellen discusses price cap on Russian oil with UK's Zahawi - US Treasury
Business

Yellen discusses price cap on Russian oil with UK’s Zahawi – US Treasury

27th July 2022
Next Post
Fidelity Bank rewards customers with N16m in promo

Okonkwo emerges Banker of the Year

Why aviation sector should benefit from N27bn relief fund –NACCIMA group

Recession: NACCIMA calls for urgent recovery plan, appropriate remedies

Foreign tax: controversy trails CBN’s unremitted $3.3bn 

Parallel market tainted, corrupt –CBN

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Rampant deaths of Oyo monarchs nothing to worry about – Cleric

Reps to weigh in on ASUU, NLC strike

FG targets 83m as it kickstarts universal health coverage 

We will reveal our position on Buhari’s impeachment soon- Reps caucus 

Bagudu signs bills into law Prohibiting Violence Against Individuals, Child”s Rights Protection 

Do not leave legacy of tears, anguish, bloodshed- PDP women leader tells Buhari

Trending

Impeachment threat: PDP Senators divided, confused, out to grab headlines – Presidency  
National

Impeachment threat: PDP Senators divided, confused, out to grab headlines – Presidency  

27th July 2022
0

From Juliana Taiwo-Obalonye, Abuja The Presidency has described the opposition members in the Senate as being divided,...

PDP urges Nigerians to disregard misrepresenting report on VP candidate

PDP, Osun assembly trade accusation over LG election  

27th July 2022
CAN rejoices with Sultan, Muslims at Sallah 

Muslim-Muslim ticket: CAN accuses APC of desperation in getting Christians’ support at all costs

27th July 2022
Rampant deaths of Oyo monarchs nothing to worry about – Cleric

Rampant deaths of Oyo monarchs nothing to worry about – Cleric

27th July 2022
Reps to weigh in on ASUU, NLC strike

Reps to weigh in on ASUU, NLC strike

27th July 2022
ADVERTISEMENT

Follow us on social media:

Latest News

  • Impeachment threat: PDP Senators divided, confused, out to grab headlines – Presidency  
  • PDP, Osun assembly trade accusation over LG election  
  • Muslim-Muslim ticket: CAN accuses APC of desperation in getting Christians’ support at all costs
  • Rampant deaths of Oyo monarchs nothing to worry about – Cleric
  • Reps to weigh in on ASUU, NLC strike
  • FG targets 83m as it kickstarts universal health coverage 
  • We will reveal our position on Buhari’s impeachment soon- Reps caucus 
  • Bagudu signs bills into law Prohibiting Violence Against Individuals, Child”s Rights Protection 
  • Do not leave legacy of tears, anguish, bloodshed- PDP women leader tells Buhari
  • Police deny bomb explosion in kogi govt office
  • Security threats: Nasarawa govt. orders immediate closure of both public, private schools
  • Condemnations trail defection of Aregbesola’s ally to PDP in Osun
  • Law School graduates 1,490 Lawyers 
  • Impeachment threat: We’re working to bring situation under control – FG appeals to senators
  • NYSC: Kaduna coordinator bags NASS leadership award; harps on NYSC Trust Fund
  • Ex-Reps deputy Speaker, Nwuche begs NASS to save Nigeria 
  • COVID-19: Nigeria records 425 fresh cases – Group
  • Plateau: NGO donates playground to Assemblies of God’s private school
  • Insecurity: Military budget must go straight to the president,says Kachikwu
  • Abia: 2 killed, 3 policemen injured as armed robbers attack bullion van

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • Change of Name
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.