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FG to raise N20trn from launch of Renewed Hope fund
The Nigerian federal government will raise N20 trillion in economic investment by launching the Renewed Hope Infrastructure Development Fund.
The Minister of Information and National Orientation, Mohammed Idris, disclosed this on Friday at the 4th ministerial briefing held in Abuja.
According to him, the fund aims to support projects that promote growth, enhance local value-addition, create employment opportunities, and promote exports.
“The Renewed Hope Infrastructure Development Fund (RHIDF) launch aims to raise about N20 trillion for investment in critical sectors such as the real sector of the economy, transport, social services, agriculture, and ICT, among others.
“The Fund seeks to support projects that promote growth, enhance local value-addition, create employment opportunities, and promote exports.
“For emphasis, the projects to be targeted by the fund include the construction of the Lagos-Calabar Coastal Highway, which kick-started recently; the Sokoto-Badagry Motorway; the Lagos-Kano Motorway; the Eastern Rail Lines; and the modernization of ports and aviation facilities across the country,” he stated.
During the briefing, DAILY POST reported that Minister of Power Adebayo Adelabu said 85 per cent of the population still benefits from electricity subsidies.
Adelabu spoke on the backdrop of the recent electricity tariff increase for 15 per cent customers, enjoying at least 20 hours of power supply.
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Edo To Get First Lady As Gov Okpebholo Reportedly Set To Quit Bachelorhood
By Kayode Sanni-Arewa
December 24, (THEWILL) – Barring any last minute change of heart, the governor of Edo State, Monday Okpebholo, is allegedly set to marry his side chick, a California-based lady, Jennifer, the daughter of Sharon Ogaga, who is a native of Auchi and is believed to be in her 30s.
THEWILL reports that the marriage is scheduled to be held in Potter Ranch, California, in January 2024, while Aso ebi for the event is being distributed to friends of the bride for a fee around America, Europe and Africa, the letter of invitation only identifies Jennifer, but does not mention the identity of the husband-to-be, in what appears to be a deliberate attempt to mask governor Okpebolo’s identity and shield him from the controversial move.
What is weird is that Jennifer and her family are being coy with the identity of the man she is marrying.
One of THEWILL’s sources, however, has a direct confirmation that Governor Okpebholo is the “husband-in-waiting.”
“They are only telling people that Jennifer is getting married. They are not revealing the identity of the man. It is obvious they are hiding something, probably they don’t want distractions to taint the ceremony,” one of the sources said.
THEWILL does not know the status of Okpebholo’s current marriage to Blessing Okpabi Okpebholo, the mother of his two daughters, who was a no-show during his inauguration as governor.
It, however, appears that their marriage is over because it is illegal to be married to more than one person under the laws of the United States.
According to one of our sources, Senator Adams Oshiomhole allegedly hooked Jennifer up with the governor.
The governor’s Special Adviser on Media, Osiobughie Okhuemoi, said he was unaware of the development when THEWILL contacted him for comments a few days ago.
THE WILL
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WATCH moment Tinubu hails FCT minister for his doggedness, sterling performance
President Bola Tinubu has described the Federal Capital Territory, FCT, minister Nyesom Wike as a performing and dogged technocrat.
Naijablitznews reports Tinubu made this assertion during his maiden presidential chat on Monday.
The president rounded up by saying “I doff my hat for the performing minister.
Watch clip below:
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