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FG sets up N199bn infrastructure development fund orders 48 coaches for Abuja Lightrail

As part of its commitment to close the infrastructure gap in the country, the Federal Government has set up N199 billion Infrastructure Development Fund for special intervention. The fund, according to him, would be used to fund critical infrastructure across the country without necessarily relying on the annual budgetary provisions.

According to the Minister of Information and Culture, Alhaji Lai Mohammed ‘‘this government has shown commitment to change the infrastructural decay by setting up Infrastructure Development Fund, IDF. The provisions were made by government to avoid the mistake of the past, where critical projects were starved of funds due to lack of adequate provisions’’.

He also added that Government has placed an order of 48 train coaches for full operation of the Abuja Light rail project. ‘We have placed order for 48 coaches to compliment the three coaches now in oper- ation

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Lanre Alabi
Lanre Alabi
Lanre Alabi is the Publisher/Editor-in-Chief of Infrastructure Development Magazine

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