Posted 3/25/2024, 7:30:48 PM
Tinubu Approves New Infrastructure Fund to Boost Roads, Rail, Energy and Agriculture
- President Tinubu approves Renewed Hope Infrastructural Development fund to promote growth across sectors like agriculture, energy, and transportation
- Fund will finance projects in areas like roads, rail, irrigation, storage, ports, and aviation
- Objectives include attracting investment, executing national infrastructure projects, and making effective use of low-interest loans
- Fund will determine best investment strategy including equity investments, public-private partnerships, and direct financing
- Part of Tinubu's strategy to boost Nigeria's infrastructure development across all sectors