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Tag Archives: PIDEF

Buhari approves $650m seed funding for Presidential infrastructure development

infrastructure development

Earlier this month, President Muhammadu Buhari approved the establishment of a Presidential Infrastructure Development Fund (PIDF) with seed funding of $650m from the Nigeria Liquefied Natural Gas (NLNG) Dividend Account as approved by the National Economic Council (NEC). The fund will be managed by the Nigeria Sovereign Investment Authority (NSIA) and invested specifically in critical road and power projects across ...

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