FG earmarks N90b for regional economic zones
The Federal Government has approved N90 billion for the development of special economic zones across the country.
The action is a component of government’s Economic Recovery and Growth Plan.
President Buhari President Muhammadu Buhari disclosed this in Lagos, at the flag off of the Lekki Deep Seaport, noting that the approval was given to fasten economic development
Buhari who was represented by the Vice President, Prof Yemi Osinbajo, said that the Lekki deep seaport project is a landmark project as it targets 4.7 million containers annually when in full operation.
According to him, the government expects that with the project will influence the generation of about 170,000 direct and indirect jobs in the economy.
The Federal Government expects substantial revenue from the project.
Source: Tc@Newsorigin Press