Federal Government Plans Special Fund For Power, Roads

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The Federal Government is planning to set up an infrastructure fund in order to facilitate easy funding for critical areas of the economy.
The infrastructure fund, according to Vice President Yemi Osibajo, will be planned outside of the budget, to handle major segments of the economy such as road and power.
Government is working out a document that would guide the administration within the four years of its life-span, the Vice President told members of the National Economic Summit Group who paid him a visit on Tuesday in Abuja.
According to a statement by the Senior Special Assistant on Media and Publicity to the Vice President, Laolu Akande, the FG is also planning to use a zero-based budgeting format for its 2016 budget planning.

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