Infrastructure: South-East launches fresh action plan

METRO PLUS

How police, other security agencies foiled abduction of 4 Plateau varsity students

Nigerian Security Agencies have prevented the abduction of about four students of the Plateau State University in Bokkos Local Government Area of...

Father kills 18-year-old son in Kano over missing palm oil

A resident of the Gwazaye Quarter in the Kumbotso Local Government Area of Kano State, Awaisu Nagyala, has allegedly beaten his 18-year-old...

Security guard invites robbers to rob employer

The Ondo State Police Command has arrested a security guard working at the S.A. Filling Station in Ondo town, Abiodun Osuntimehin, for...

Three killed as robbers attack bank in Delta

Armed robbers on Tuesday reportedly killed three persons when they attacked a bank in the Issele-Uku, Aniocha North Local Governments Area of...

Kidnapping: Court laments delay in Evans trial

Justice Oluwatoyin Taiwo of an Ikeja Special Offences Court has expressed worries over the delay in the trial of Chukwudumeme Onwuamadike, popularly...

The South-East Economic Summit ended in Enugu with people of the region rolling out fresh development plans.

The annual summit was organized by the South-East Governors’ Forum, in collaboration with the South-East Region Economic Development Corporation, SEREDEC.

The zone resolved to take advantage of the I.2 billion pounds project fund earmarked for Nigeria by the United Kingdom Department for International Trade, as well as other key financing options.

A representative of the UK DIT, Mr. Lami Adekola had at the event announced that the sum was lying fallow waiting to the deployed for critical infrastructures and projects across the country. Adekola said the fund was for development projects across board.

There were presentations and vigorous discussions on the on-going SEREDEC projects in Rail network, Gas pipeline network, Resort Hospital project, and Enyimba Economic City, as well as on the Ease of Doing Business, particularly World Bank Ease of Doing Business (Sub-national) ranking in Nigeria and the South East, new Ideas and Innovative Businesses, Human Capital Development and Youth empowerment, etc.

In a communique issued after the summit, signed by Prof. Barth Nnaji and Prof. Onyi Nwagbara, the chairman and the secretary of SEREDEC, respectively, the summit resolved to conclude feasibility study of gas pipeline and hospital projects within one year.

It was also resolved that “SEREDEC to set up mechanism for actualizing already identified projects.

“South East Governments should continue to work more actively with SEREDEC on regional economic development.

“SEREDEC to work with Afrieximbank, UK Trade Agency to secure financing for identified developmental projects

“SEREDEC to partner with investors to set up innovation center for providing technical innovation for SE entrepreneurs.

“While the focus on core infrastructure is good, SEREDEC needs to also prioritize human capital development including functionality of the education system, SEREDEC working with SE Governors should also emphasize on necessary drivers to aid soft infrastructure that would drive physical infrastructure. Also, there is need to prioritize human capital and skills development.

“South East Governors were commended for showing exemplary commitment and improving the security situation in the South East.

“Efforts to be made to get some SE volunteers and philanthropists to invest in a model school for STEM education.”

On access to financing, the following areas were identified: “Integrated Regional Planning, Deepening Economic Reforms to Reduce Uncertainty and attract more Investors within South East Region, Overcoming Uncertainty to Strengthen the Confidence of Investors, Creating a South East Wealth Fund (SEWF) Establishing or Selecting a Regional Center of Excellence for Science and Technology in the region, Public-Private Partnerships (PPP), Uk Trade Agency, Bank of Industry, NIRSAL and Bank of Agriculture.”

Sign up to FREE email alerts from Tribunepoint Weekly - Daily News

When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time.

- Advertisement -

Read Also

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Ontario’s stay-at-home order will likely be extended into June to avoid fourth COVID-19 wave

Ontario has been advised to "stay the course" with the province's pandemic restrictions until COVID-19 cases experience a significant decline, which could...

Solskjaer slams ‘impossible schedule’ after Man Utd qualify for Europa League final

Manchester United manager, Ole Gunnar Solskjaer, has hit out at the Premier League after they were ordered to play three matches in...

Saraki plots comeback in Kwara, as APC grapples with internal crisis

In 2019, the 16 years reign of former Senate President, Bukola Saraki as the King of Kwara politics came to an end...

Insecurity: Employ mercenaries to fight bandits, Boko Haram – Buba Galadima to Buhari

Buba Galadima, former leader of the defunct Congress for Progressive Change, CPC, has called on the Federal Government to re-enlist the services...

Children 12 and older now cleared to receive Pfizer vaccine: Health Canada

Health Canada says the Pfizer-BioNTech COVID-19 vaccine is now safe to give to children ages 12 and up. The...