The Federal Government has allocated a substantial sum of N19.24 billion for N-Power beneficiaries and important upgrades to the country’s infrastructure.
The decision was reached during the Federal Executive Council chaired by Vice President Yemi Osinbajo at the State House in Abuja.
The allocation includes a provision for the training of 50,000 non-graduate N-Power beneficiaries. These individuals will benefit from specialized training programs organized by four federal agencies, namely the National Institute of Transport Technology, Industrial Training Fund, National Institute for Hospitality and Tourism, and the Hydraulic Equipment Development Institute.
Also, a considerable portion of the allocated funds will be utilized for crucial infrastructure upgrades. Specifically, the procurement of a taxiway lighting system is planned for the Port Harcourt, Lagos, and Abuja airports. This modernization effort aims to enhance safety and efficiency in air travel across the country.
The Federal Government has also recognized the importance of the Dadin Kowa 40MW power project in Gombe State. To ensure its success, the approved funds will cover consultancy services. The independent consultant will oversee the project’s operations and income generation, playing a pivotal role in its development.
Additionally, a significant allocation of N1.3 billion has been set aside for the furnishing of a new 10-storey headquarters for the Nigerian Maritime Administration and Safety Agency in Victoria Island, Lagos. This investment signifies the government’s commitment to providing a conducive and modern work environment for the agency’s operations, contributing to enhanced maritime safety and security.
The decision to allocate N19.24 billion also reflects the government’s recognition of the importance of education. With this in mind, the establishment of 37 new private universities nationwide has received approval. This strategic move aims to expand access to higher education opportunities and meet the growing demand for quality tertiary education across the country.