Wednesday, July 27, 2011

FG rolls out economic agenda

27 July 2011

•To spend N880bn on power in 4 years
•Earmarks N300bn for roads •Plans N571.1bn investment in oil sector
•CBN raises interest rate to 8.75%

THE Federal Government, on Tuesday in Lagos, rolled out the transformation agenda of President Goodluck Jonathan, designed to fast-track Nigeria’s steady march at becoming one of the top 20 economies by 2020.

In line with international best practice on governance, the government also released the result of a monitoring and performance evaluation report it carried out on all federal ministries, departments and agencies between 2010 and the first quarter of 2011.

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