Business: Nigeria International Economic Partnership Forum

Federal Government says that in order to attain its National Development Plan and improve Nigeria’s economic outlook, it will require #289.3 trillion capital investment commitment from the private sector.

It says the total investment needed between 2021 and 2025, is #348 trillion, but only #49.7 trillion (fourteen point three per cent) is expected to come from the government while the rest will come from private sector players in the economy.

President Muhammad Buhari stated this while speaking at the Nigeria International Economic Partnership Forum held on the margins of the 97th UN General Assembly in New York.

The Federation Account Allocation Committee, has revealed that #673.137 billion was shared among the three tiers of government as federation allocation for August. This was contained in a statement issued by the Director Information and Press, Mr. Phil Abiamuwe-Mowete.

The statement revealed that Federal Government received the larger share of #259.641 billion, the states received #222.949 billion, and the Local Government Councils received #164.267 billion.

Markets Operational in the state tomorrow are Odi, Akenfa and Swali