Tinubu modernising Nigeria’s infrastructure- Group

The Tinubu Stakeholders Forum (TSF) says the President Bola Tinubu’s administration is modernising Nigeria’s infrastructure through the implementation of multiple projects.

The TSF said this in a statement on Tuesday in Abuja by its Chairman, Mr Ahmad Sajoh and Secretary Mr Josiah Afolabi.

“We are proud to highlight the Nigerian government’s unwavering commitment to transformative infrastructure and economic policies as recently approved during a two-day Federal Executive Council (FEC) meeting.

“These initiatives are poised to significantly enhance Nigeria’s infrastructure, drive economic growth, and improve the quality of life for all citizens.

“And we have no doubt that those projects and policies will revolutionise Nigeria’s infrastructure and housing sector through strategic public-private partnerships,”the group said.

It adddd that the initiatives were expected to unlock approximately N2 trillion in investments, aimed at accelerating the construction and modernisation of critical infrastructure and providing affordable housing solutions.

The group added that this ambitious plan including, the provision of low-interest yielding 25-year mortgages, would make home ownership more accessible to ordinary Nigerians.

It added that in a significant move to address previously neglected projects, the government approved the reconstruction of several vital roads.

This, it said included the Lokoja-Benin-Okpela road.,adding that the project, valued at N120 billion, would be funded by BUA Cement under the tax credit scheme, ensuring sustainable financing.

“Other crucial road projects have also received approval, such as the Koton-Karfe-Abaji road, along the Abuja-Lokoja route, costing N89 billion.

“And the Lagos-Calabar Coastal Super highway, with an additional investment of N1.6 trillion, these projects will greatly improve connectivity, reduce transportation costs, and boost economic activities across regions.

“The strategic removal of fuel subsidy has freed substantial government funds, enabling increased investment in these vital infrastructure projects,” the group said.

It added that this reallocation of resources ensured that the government could effectively fund the transformative initiatives without financial strain.
The group said the economic benefits of these projects were vast, including enhanced connectivity, reduced transportation costs, and boosted trade and economic activities.

It added that the initiatives were expected to create sustainable job opportunities and stimulate local economies, contributing to long-term economic stability and growth.

The group said it was elated by the decision for a comprehensive review of the VISA policy, with a view to allowing applicants receive VISAS within 48 hours and potentially waiving visa requirements for certain countries.

“This move will go a long way to attracting tourists, business people, and creative professionals into the country while also fostering greater economic and cultural exchange,” it said.

The group said that FEC approved several critical infrastructure projects, including the building of bus terminals and transport facilities in Abuja.

“It also has set the ball rolling for the transition to renewable energy sources, such as Compressed Natural Gas (CNG) and solar power to promote sustainable energy solutions.

“We have no doubt that the Tinubu administration’s strategic initiatives and robust funding mechanisms demonstrate a rare commitment to delivering on promises and fostering a brighter future for all Nigerians,” the group said.