Connect with us

Business

The National Integrated Infrastructure Masterplan

Published

on

In July 2012, the Federal Government directed the National Planning Commission to coordinate the preparation of a National Integrated Infrastructure Master plan (NIIMP) for the country.

The plan that is expected to be implemented between 2014 and 2043 is designed to address developmental issues, including the lack of linkages in the infrastructure sector.

The masterplan, according to the federal government, is expected to be funded by the federal and state governments as well as the private sector.

The National Planning Commission said that N464 trillion would be required to implement the plan through a five-year operational plan and 10-year strategic plan for 30 years.

Experts in the sector have, therefore, viewed the plan as a vital tool for national development, targeted at harmonising infrastructure for effective management.

But they also expressed concern that the plan would be sustained and implemented effectively if the utility of geospatial data were taken into cognisance by major actors involved in its implementation.

At a recent meeting of the Joint Planning Board and National Council on Development Planning in Uyo, discussions centred on ensuring the inclusion of all elements that could guarantee its effective implementation.

With the theme “Imperative of Strategic Planning as a Framework for Effective Policy Formation and Implementation for Nigeria’s Transformation’’, the meeting provided opportunity for stakeholders to share thoughts on the importance of the plan to transformation process.

Head, Geographic Information System in the National Planning Commission, Mr Ademola Adeyemi, called on ministries, departments and agencies (MDAs) to devote 10 per cent of their annual budgetary allocation to geospatial data development.

He defined geospatial data as the data or information that identifies the geographic location of boundaries on earth such as natural or artificial features, oceans, among others.

“The functions and relevance of the Office of the Surveyor-General of the Federation and the National Space Research and Development Agency are crucial to the success of NIIMP.

“The issue of collaboration and cooperation among MDAs with respect to utilisation of geospatial data is essential for NIIMP to be implanted properly,’’ he said.

Secretary, National Planning Commission, Mr Fidelis Ugbo, urged permanent secretaries in the state planning commissions to be involved in the implementation of the plan.

He also urged state governments to ensure that their annual budgets and medium term plans were aligned with priorities of the plan with effect from the 2014 budget.

He said that the purpose of developing the NIIMP was to fill the existing infrastructure gaps in the country.

Managing Director, Infrastructure Bank Plc, Mr Abdulrasaq Oyinloye, called for the revamping of infrastructure in the country, adding that accelerated growth path would be needed to revamp infrastructure in Nigeria.

“This has been successfully implemented by China and Vietnam which followed the accelerated growth development path.

“Nigeria could do the same with annual spending on infrastructure amounting to 25 billion dollars for the next five years, and getting to about 200 billion dollars by 2040.

“Even if a linear growth path is followed, the average annual spending for the next five years would be a minimum 18 billion dollars, rising to 230 billion dollars by 2040,’’ he noted.

Oyinloye stressed the need to spend approximately 2.9 trillion dollars on infrastructure for the next 30 years to bridge the gap between Nigeria and the developed countries.

Citing some challenges, Mrs Arit Ibanga, Permanent Secretary, Ministry of Economic Development, Akwa Ibom, said that dwindling revenue due to oil theft in the Niger Delta had severe implications on the nation’s development planning processes.

“The outcome of the current review of the revenue formula, the national dialogue and the ongoing constitution review will severely impact on our planning processes.

Abdulwahab writes for News Agency of Nigeria (NAN)

 

Deji Abdulwahab

Continue Reading

Business

Fidelity Bank To Empower Women With Sustainable Entrepreneurship Skills, HAP2.0

Published

on

Leading financial institution, Fidelity Bank Plc, has announced the launch of the second edition of its flagship women-empowerment initiative, the HerFidelity Apprenticeship Programme 2.0 (HAP 2.0).
According to the report, the programme is designed to equip women with practical, income?generating skills and structured pathways to entrepreneurship.
 Accordingly, the HAP 2.0 will build on the success of its inaugural edition held in 2023.
During media chat with journalists to herald the launch of HAP 2.0, the Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede, explained that the initiative has been enhanced to deliver greater impact.
He said HerFidelity Apprenticeship Programme 2.0 reflects their commitment to continuous improvement, having evaluated feedback from the first edition, they have returned with stronger partnerships and deeper mentorship programmes to ensure that women acquire not just skills, but sustainable economic opportunities.
Mr Ede, who said the programme is guided with real?world learning, also said that participants will undergo intensive apprenticeship training under reputable institutions and industry experts across selected fields such as hair styling, shoe making, auto mechatronics, and interior decoration.
Additionally, he said HerFidelity Apprenticeship Programme 2.0 goes beyond skills acquisition by offering participants a wide range of business advisory services.
These include business and financial literacy training, mentorship support throughout the apprenticeship journey, access to Fidelity Bank’s women?focused and SME financial solutions, as well as guidance on business formalisation and growth strategies.
Emphasizing the bank’s vision further, Ede said: “By integrating structured mentorship with entrepreneurial development, Fidelity Bank is positioning women not just as trainees, but as future employers, innovators, and economic contributors within their communities.
 This aligns with our mandate to help individuals grow, businesses thrive, and economies prosper”.
It is noteworthy that interested participants are encouraged to indicate their interest by visiting https://bit.ly/Apprenticeshipbyherfidelity.
It is important to note that Fidelity Bank Plc is ranked among the best banks in Nigeria, with a full-fledged Commercial Deposit Money Bank serving over 10 million customers through digital banking channels, with 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.
It is reported that the Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards, the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.
By: Nkpemenyie mcdominic, Lagos
Continue Reading

Business

President Tinubu Approves Extension Ban On Raw Shea Nut Export

Published

on

President Bola Ahmed Tinubu has approved the extension of the ban on the export of raw shea nuts for a further one year, from February 26, 2026, to February 25, 2027.
Bayo Onanuga, Special Adviser to the President on (Information and Strategy) who disclosed this on Wednesday, February 25, 2026 stressed the Federal Government remains committed to policies that promote inclusive growth, local manufacturing, and position Nigeria as a competitive participant in global agricultural value chains.
The decision underscores the administration’s commitment to advancing industrial development, strengthening domestic value addition, and supporting the objectives of the Renewed Hope Agenda.
The ban aims to deepen processing capacity within Nigeria, enhance livelihoods in shea-producing communities, and promote the growth of Nigerian exports anchored on value-added products.
To further these objectives, President Tinubu has authorised the two Ministers of the Federal Ministry of Industry, Trade and Investment, and the Presidential Food Security Coordination Unit (PFSCU), to coordinate the implementation of a unified, evidence-based national framework that aligns industrialisation, trade, and investment priorities across the shea nut value chain.
He also approved the adoption of an export framework established by the Nigerian Commodity Exchange (NCX) and the withdrawal of all waivers allowing the direct export of raw shea nuts.
The President directed that any excess supply of raw shea nuts should be exported exclusively through the NCX framework, in accordance with the approved guidelines.
By: Nkpemenyie Mcdominic, Lagos
Continue Reading

Business

Crisis Response: EU-project Delivers New Vet. Clinic To Katsina Govt.

Published

on

A Non – Governmental Organisation (NGO), Mercy Corps, has handed over a newly constructed Veterinary Clinic and a rehabilitated structure in Danmusa Local Government Area (LGA), to the Katsina State Government.
The project, which included a 20,000-litre capacity upgraded solar-powered borehole, was executed under the European Union-funded Conflict Prevention, Crisis Response and Resilience (CPCRR) project.
The initiative is being implemented in collaboration with the International Organisation for Migration (IOM), and the Centre for Democracy and Development (CDD).
Speaking during the handover ceremony, Wednesday, the Commissioner for Livestock and Animal Husbandry in Kastina State, Prof Ahmed Bakori, commended Mercy Corps and its partners on such commitment to support peace and development in the state.
While praising the state government for restoring peace and stability, the said project would improve livestock services and the welfare of farmers who depend on animal health services for livelihood.
Bakori buttressed that improved security in the state had enabled development partners to implement meaningful interventions in communities affected earlier.
He said, “Recently, Gov. Dikko Radda was in South Africa to explore strategies for boosting livestock production and strengthening the livestock value chain in line with the government’s economic development agenda.”
In his remarks, Mercy Corps Senior Programme Manager, Mr Philip Ikita, expressed satisfaction on the timely and successful implementation of the project in Danmusa.
He stated that although Mercy Corps began its operations in the state in 2023, security challenges, had initially prevented the organisation from accessing some areas, including Danmusa.
Ikita said that the project would improve access to essential services, strengthen livelihoods and contribute to sustaining peace in the community.
“The project involves the upgrade of a veterinary clinic from a two room structure into a fully functional six office facility, embarked on to strengthen livestock healthcare services in the area.
“The programme builds on the success of the Conflict Mitigation and Community Reconciliation (CMCR) project and seeks to promote long-term peace and stability in Northwest Nigeria.
“It works across 48 communities in Zamfara and Katsina States, addressing the root causes of conflict, enhancing community resilience, and strengthening socio-economic recovery,” he said.
Also, the District Head of Danmusa, Ahmadu Abubakar, expressed appreciation to Mercy Corps and its partners for the intervention, describing the projects as timely and beneficial.
Earlier, the Chairman of Danmusa LGA, Ibrahim Na-Mama, represented by his Deputy, Musa Muhammad, expressed appreciation for the projects, assuring that the council would support efforts to safeguard them.
Continue Reading

Trending