728 x 90

1 Quadrillion Naira to fix Nigeria

Photo by Oyemike Princewill- Ask Nigeria

This additional money is to bridge its infrastructure deficits over two decades.

TVC News Nigeria gives us a report on a FG Release.

The Federal Government has announced a revised National Integrated Infrastructure Master Plan that will fund key sectors in the economy, such as power, rail, roads, housing and agriculture, from 2022 to 2043. This was announced by the Minister of State for Budget and National Planning, Hajiya Zainab Shamsuna Ahmed, at a media briefing in Abuja. Nigeria will require a staggering $2.3 trillion or 1 Quadrillion Naira to bridge its infrastructure deficits in the next 21 years, according to Minister of Finance, Budget and National Planning Hajiya Zainab Ahmed. This is an immense challenge, but one that we must meet if we are to build a prosperous future for our country.


Related Links

Channel Name: TVC News Nigeria
Video Link: LINK
Youtube Channel: Subscribe

The content on AskNigeria.com is given for general information only and does not constitute a professional opinion, and users should seek their own legal/professional advice. There is data available online that lists details, facts and further information not listed in this post, please complete your own investigation into these matters and reach your own conclusion. AskNigeria.com accepts no responsibility for losses from any person acting or refraining from acting as a result of content contained in this website and/or other websites which may be linked to this website.

Fact Checking Tool – Snopes.com

0 0 votes
Rate This Article
21 comments
21 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
jdpumping
jdpumping
3 months ago

When money is mentioned one needs to be cautious in Nigeria I doubt if they would be used judiciously but if well spent it is a welcome development.

Adeolastan
Adeolastan
3 months ago

All this talks without action will lead Nigeria to nothing because all the money we get on crude oil,tax and everyday borrowing funds from local and international organisations has not been have good effect on the life of citizens,the main problem facing the country is corruption from the bureaucracy and the politicians.

Ultra0711
Ultra0711
3 months ago

Where will the government see such a huge amount of money. We are already at the top 5 of world bank borrower’s list I hope they are not hoping to borrow more loans to finance the development.

Haykaylyon26
Haykaylyon26
3 months ago

This is a huge amount of money, all our money was not use for the country welfare too much of corruption will not show good effect on the country it is a nice futures plan but how we will get the money without borrowing it

Tonerol10
Tonerol10
3 months ago

Government too talk. All the loan they collected what is the result. All the revenue that this country has received what have they done with all this money. Corruption everywhere in government circle. They should go ahead and look for 1 Quadrillion

Iyanu12345ogg
Iyanu12345ogg
3 months ago

This is an immense challenge, everything to meet the target be met..to build a prosperous future for our country as said!

Last edited 3 months ago by Iyanu12345ogg
Christiana
Christiana
3 months ago

This is just money that the government need to squander, they have been collecting loans for years and no difference till now, I doubt if this additional money will make a difference

Tolaniiii
Tolaniiii
3 months ago

Hopefully this money will help clear the infrastructure deficit that we have been trying to clear for ages now

theApr
theApr
3 months ago

This is quite a lot. The ones they’ve been borrowing and embezzling, what have they used it for?

Remi1
Remi1
3 months ago

Building a prosperous future country starts from the minds of the government. Money doesn’t seem like a problem; they claim there’s limited funds, yet they embezzle outrageously. The funds we have, how have we used it to make the country better. We don’t need to have all the money in the world to make the country better; our leaders are just wicked greedy bastards

Adesanyaj72
Adesanyaj72
3 months ago

It is in the heads of the government that the foundation for a flourishing nation’s future is laid. No one seemed to be short on cash, despite massive instances of embezzlement.

Adesanyaj72
Adesanyaj72
3 months ago

.

Last edited 3 months ago by Adesanyaj72
Bola12
Bola12
3 months ago

Since the government has been collecting loans for years with no visible results, I highly doubt that this extra cash would make a difference.

Kazeem1
Kazeem1
3 months ago

This is an extremely difficult obstacle, but it is one that we have to overcome if we want to ensure a prosperous future for our nation.

Hassan Isa
Hassan Isa
3 months ago

It is very encouraging that the Federal Government has unveiled a new version of the National Integrated Infrastructure Master Plan, which would provide funding for important economic sectors.

Godsewill Ifeanyi
Godsewill Ifeanyi
3 months ago

How have we utilized the resources at our disposal to advance the nation’s progress? It is not necessary for us to own all of the money in the world in order to improve the state of our nation because our leaders are nothing but evil, selfish bastards.

Taiwoo
Taiwoo
3 months ago

I seriously doubt that this additional money will make a difference. The government has been collecting loans for years, and there has been no change up to this point. This is money that the government should just throw away.

Chibuzor
Chibuzor
3 months ago

Where exactly will the government get its hands on such a significant sum of money? Since we are already among the top five borrowers from the World Bank, I am hopeful that they do not have any plans to take out additional loans in order to support the development.

Nwachukwu Kingsley
Nwachukwu Kingsley
3 months ago

In Nigeria, one must exercise caution whenever the subject of money is up. I have my doubts that they would be used wisely, but any good use of them would be appreciated.

DimOla
DimOla
3 months ago

With the debt that Nigeria is still serving, for these to be achievable then it means we have to borrow more or find other means of generating the money.

SarahDiv
SarahDiv
3 months ago

This present administration is just looking for more ways of generating more problems for the unborn generations. They’re not done with debt payment they talking about another project. Na wá o

0 0 votes
Rate This Article