Vice President Yemi Osinbajo says the federal government has invested an estimated N300 billion in order to close infrastructure deficit in the country in 2021.
He also said the administration equally invested N1 trillion seed capital to launch the N15tn InfraCo project.
He spoke during the inauguration of the Bankers House built by the Chartered Institute of Bankers in Nigeria in Abuja.
Osinbajo said, “The Federal Government has stepped out in front with robust investment in critical infrastructure, roads, rail, power, and broadband connectivity.
“Last year, in our bid to close the current infrastructure deficit we invested an estimate of N300bn. So we invested in Infraco which I am sure you have all heard about. InfraCo is supposed to be an N15tn enterprise and we put in N1tn seed capital at the moment.
“The implementation of that plan is expected to be supported by a range of fiscal and monetary policies and includes a more intentional promotion of productivity and value addition.”
