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Nigeria budgets 25 bln USD for transport, energy investment

Xinhua, November 18, 2015 Adjust font size:

The Nigerian government on Tuesday said it has concluded plans to set aside 25 billion U.S. dollars for investment in transport and energy sectors in the country.

Vice President Yemi Osinbajo announced this at the 4th Niger Delta Development Forum in Asaba, the oil rich Delta State capital.

Osinbajo said President Muhammadu Buhari-led administration was committed to partnering with the private sector to reduce poverty in the country.

The money is being set aside to empower the youths and alleviate poverty, the vice president told his audience.

He urged those concerned with the development of the Niger Delta to protect and instigate development in the region.

Osinbajo urged the private sector operators to explore the opportunities in the energy and power sector to drive the small and medium scale enterprises.

Earlier, Governor Ifeanyi Okowa of Delta said although the country was passing through turbulent time, the region would benefit if they see it as an opportunity to diversify.

He asked the forum to provide an overview of the state of natural resource exploitation in the Niger Delta. Endit