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Buhari says 2nd Niger Bridge, Lagos-Ibadan expressway, others to be completed before 2023

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President Buhari

President Muhammadu Buhari had in May 2018, approved the establishment of a Presidential Infrastructure Development Fund (PIDF), which is to be managed by the Nigeria Infrastructure Development Fund (PIDF), which is to be managed by the Nigeria Sovereign Investment Authority (NSIA), and invested specifically in critical road and power projects across the country.

The National Economic Council (NEC) also authorised the initial transfer of $650 million dollars to the NSIA from the Nigeria Liquefied Natural Gas (NLNG) Dividend Account, as seed funding for PIDF.

Source: NairaMetrics



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