• Home
  • News
  • $4.73bn investment identified in agric, transport focus labs — Udoma
Agric Business News

$4.73bn investment identified in agric, transport focus labs — Udoma

The Federal Government, has disclosed that through the Economic Recovery Growth Plan  (ERGP) initiated about one and half year ago, about 4.7 billion dollars investment has been identified in agriculture and transport focus labs with a potential to create about 129, 000 jobs.

Senator Udoma Udo Udoma, Minister of Budget and National Planning  .whose ministry coordinates implementation of ERGP, revealed .

“Our aim is, simply put, to raise the level of productivity in Nigeria. We want more things to be grown in Nigeria. We want more things to be made in Nigeria. We want more opportunities created for Nigerians to be able to work. That is what the focus labs are all about.”

In the statement from the ministry made available to Vanguard, Udoma said: “About 4.73 billion  dollar worth of investment has been identified in the agriculture and transport focus labs with a potential to create about 129, 000 jobs.

“ Also, 9.25 billion dollar  investment with potential of 378, 000 jobs was identified in the manufacturing and processing labs, while 8.57 billion  dollar worth of investment will come from power and gas, with potential of crating up to 7, 000 jobs.”

Udoma further said the cumulative investment value of the projects that were identified at the focus labs were projected to rise up to about 39.12 billion dollar, with potential for 716, 079 jobs by 2025.

Related posts

Again, Nigeria retains third position in terrorism attack

News Beats

How retired police officer, impregnated, procured abortion for 15-year old niece

News Beats

IPAC wades into APC crisis in C/River

News Beats

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy