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Govs push for N2trn infrastructure investment fund

Governors of the 36 states have advocated N2 trillion Nigeria Infrastructure Investment Fund to stimulate the economy.

This was part of the outcomes of the Wednesday’s meeting of the Nigeria Governors’ Forum.

In a communique released Thursday by the NGF Chairman and Governor of Ekiti State Kayode Fayemi, the governors also underscored the need to revitalize Nigeria’s Mortgage Bank to support the government’s ambitious housing programme.

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They also resolved to collaborate with the Ministry of Petroleum Resources to support the implementation of the National Gas Expansion Programme through a state-wide adoption of liquefied petroleum gas, easing gas pipeline right of way applications; and encouraging the micro stove assembly for small businesses, including facilitating training for gas operators.

They also agreed to collaborate with the Ministry of Petroleum Resources and the Federal Roads Maintenance Agency to ensure the implementation of the 5% user charge on the pump price of petrol and the international vehicle transit charge to better fund road projects in Nigeria.

“The COVID19 pandemic and the new strategy being rolled out by the Presidential Taskforce to address the spread of the pandemic.

“LGAs with high burden of diseases (Hotspot) have been identified and targeted with interventions such as increased testing, and promotion of non-pharmaceutical intervention including hand hygiene, respiratory etiquette, mandatory masking in public and partial or total lockdown restricting movement.

“The PTF will reach out and work with the Governors of the respective States to implement the strategy.

“Other matters of concern including deductions from the federation account to fund the North East Development Commission, stamp duty collection, ownership of the Nigeria LNG Limited as well as the contentious Executive Order 10,” the communiqué read in part.

 

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