FG: N33trn Required to Fund N/East Development Plan in 10 Years

Deji Elumoye in Abuja

The federal government has disclosed that a total sum of N33 trillion (about $80 billion) will be required to fund the North East Stabilization and Development Master Plan from 2020-2030.

The Managing Director of the North-East Development Commission (NEDC), Mohammed Goni, who made this known Thursday at a news briefing at the State House, Abuja, said the 10-year master plan would address humanitarian challenges facing the crisis-ridden region comprising the six states of Adamawa, Borno, Bauchi, Gombe, Taraba and Yobe.

According to him, the commission hopes to raise 20 per cent of the estimated fund through budgetary allocations, while the balance would be sourced from the private sector, development partners and donor agencies.

Details later…