APC, Kogi State

KOGI STATE Chapter of the All Progressives Congress. Time for #Change in Kogi.

[APC, Kogi State @KOGIAPC]

Good morning Nigeria.

[Presidency Nigeria @NGRPresident]

What the Renewed Hope Infrastructure Fund Means

Background:

Nigeria needs $35 billion yearly, up till 2040, to cover its infrastructure expenditure.

President Muhammadu Buhari, realising that the government could not meet this huge cost, established the Presidential Infrastructure Development Fund (PIDF), with National Sovereign Wealth Authority, playing a vital role.

The PIDF helped in the realisation of critical projects, such as the Second Niger Bridge and the Lagos-Ibadan Expressway.

But the PIDF faced funding constraints, delays in project execution, leading to rising costs of materials, bureaucratic and institutional challenges.

Enter the RHIDF

These challenges are what President Bola Ahmed Tinubu’s Renewed Hope Infrastructure Development Fund (RHIDF) seeks to overcome.

It was unanimously approved on Monday 25 March by the Federal Executive Council.

As conceived, it is a game-changing, innovative and transformative Fund that will drive economic growth in road, rail construction, agriculture, aviation, education, health, energy and technology.

It will provide the elixir for critical national projects that will accelerate infrastructure and economic development in all parts of the country.

With eyes on raising N20 Trillion, about $14 billion take-off capital, the Fund will support projects that will promote growth, "enhance local value-addition through backward, forward and parallel linkages."

Employment opportunities also will be created and exports promoted.

For instance, a core focus of the Fund will be to enhance agricultural value chain to boost food security.

By fortifying agricultural infrastructure, the Fund will ensure that post-harvest losses are reduced and food supply chains strengthened.

Among the projects being targeted are major road networks, such as the Lagos-Calabar Coastal highway, Sokoto-Badagry Expressway, Lagos-Kano and Eastern Rail Lines. Ports and aviation facilities will be modernised .

The Fund will cast its net for investment capital wider than the PIDF.

It targets Pension Funds, Concessionary Loans, Insurance companies, sovereign wealth funds, private sector arms of multilateral development institutions, bilateral private sector investors.

Other financing sources are individual investors, including the Diaspora Nigerians, endowments and equity funds.

At the Federal Executive Council meeting on Monday, where the Fund was first tabled before members prior to its approval, President Bola Tinubu explained the rationale for its conception.

He said the Fund, which will be managed by a Director-General, will be domiciled in the Presidency. It will cut through bureaucratic bottlenecks that usually delay implementation of good projects.

President Tinubu cited the Lagos Metropolitan Area Transport Authority (LAMATA), which he conceived during his tenure as Lagos governor in 2004, and how the agency midwifed two rail lines and executed some of the important road networks in the metropolis.

Many members of the Council applauded the initiative after it was presented by the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji.

President Tinubu is desirous of bequeathing a legacy of socially and economically impactful policies, such as student loans, social security for the unemployed and consumer credit.

[Ajuri Ngelale @AjuriNgelale]

First Press Conference with the State House Press Corps on the assumption of office today.

Condescending and insulting language toward Nigerians online or offline by government officials will not be tolerated by H.E. President @officialABAT.

#AsoVillaThread

[Yusuf MA., PhD @YusphAhmad]

Kogi Gov’ship: Court grants interim injunction allowing Murtala Ajaka to participate in @OfficialAPCNg primary. @woye1 @Imranmuhdz, @kc_journalist @vanguardngrnews @MobilePunch @thecableng

[APC, Kogi State @KOGIAPC]

You don't wake up on the eve of a Governorship Primaries screening exercise to accuse a core party man who has done so much in projecting the APC in Kogi State and Nigeria at large of anti party activities.

[APC, Kogi State @KOGIAPC]

#MyTwitterAnniversary

[APC, Kogi State @KOGIAPC]

#EidAdhaMubarak

[Elon Musk @elonmusk]

Literally

[John Pompliano @JohnPompliano]

Elon Musk made $180M when PayPal was acquired in 2002.

He put $100M in SpaceX, $70M in Tesla, and $10M in Solar City. He borrowed money for rent.

Now, he's worth $190 billion.

The greatest entrepreneurs aren't driven by money; it's a byproduct of success.

[ONOGWU Muhammed, ANIPR @Galacticus_O]

https://t.co/P9ktKTbDY8 @KOGIAPC @HamzyCODE

[CBN Gov Akinsola Akin🇳🇬 @cbngov_akin1]

Breaking News:

SUPREME COURT UNANIMOUSLY DISMISSES PDP PETITION AGAINST APC, Gov YAHAYA BELLO

Congratulations to Gov Bello and Deputy Gov @ed_onoja CEDO

APC all the way

EDO,
NEXT 👉ONDO
Then 👉Osun
And we Welcom 2023

Dont dull.........

[LSMOH @LSMOH]

#COVID19 Lagos Alert🔊!
I hereby notify you that all participants at the African Magic Viewers’ Choice Award (AMVCA) held on14th March at @EkoHotels may have come in contact with one of the confirmed cases in Lagos and
are most likely to have been exposed to #COVID19 Infection.

[Ajuri Ngelale @AjuriNgelale]

Good Morning!
Here We Are! In One Hour, It Is You & I For 12 Hours! Let Us Be Very Civil & Issues-Based. I Will Not Respond To Any Insults, Sarcasm Or Mockery. This Is Q&A For Serious-Minded Citizens. On My Part, I Will Only Tell The Truth As Always.

#AskAjuri Is The Hashtag! 🇳🇬

[APC, Kogi State @KOGIAPC]

Happy Birthday to our leaders, Hon. Idris Ejima and @SEARUWA_LAW. We choose this special day to ask God almighty to guide and reward you for your immense contributions to the growth of our party. Your efforts are acknowledged and appreciated.

[profaruwa 🇳🇬 @aruwasas]

PMB has exhibited a high level of emotional intelligence over others in the ongoing campaign. We need a lot of this in political leadership. Let's keep it up. 🇳🇬🇳🇬 @MBuhari @APCNigeria @ProfOsinbajo

[profaruwa 🇳🇬 @aruwasas]

We need to rethink political leadership selection requirements in Nigeria. Too much focus on the Presidency with little attention on appointees and legislators.💡🇳🇬

[MASSAN CONCEPT @sansay4u]

@aoshiomhole And @APCNigeria body must show their credibility, as black axed members have taken over senatorial (kogi east) elections in Idah LGA, voting took place without accreditation of delegates. @KOGIAPC @kogireports @LugardHouse ,this is bad for democracy

[Government of Nigeria @NigeriaGov]

The @NIPOSTNIG digital address is 100% free to claim and use. Claim yours today at: https://t.co/rFTSHbILXD.