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N32 tr needed for Vision 20:20 first phase, says VP

He made the disclosure in Lagos yesterday at the validation workshop on draft First National Implementation Plan [NIP] for the Nigeria Vision 20:2020. Represented by…

He made the disclosure in Lagos yesterday at the validation workshop on draft First National Implementation Plan [NIP] for the Nigeria Vision 20:2020.

Represented by Minister of National Planning, Shamsudeen Usman, Sambo said out of the amount, government at the three tiers would invest N19 trillion, while the remaining N13 trillion is expected from the private sector.

“The amount may appear overambitious, but it was arrived at after careful and studious deliberation”, he explained, adding that “besides, we have a strong resolve to push ahead, convinced that we can do it, we must do it, and do it well.”

While tasking all Nigerians, both at home and abroad, to make the joint objectives and goals if the NIP a success, the Vice President said: “We must realize that since citizens of other countries will not leave their countries to come and develop our country for us, we must take the bull by the horns and forge ahead.”

According to Sambo, the federal government was working towards ensuring that the total electricity generation in the country is such that would support increased level of economic activities in the coming years.

To this end, he said, quite a number of the Independent Power Projects [IPPs] would soon be completed and begin to feed the national grid, adding that the National Integrated Projects [NIPPs] and the recently improved gas supply to the plants have guaranteed that there was a brighter horizon for improved electricity in the country.


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