Nigeria is considering an upward review of its infrastructure spending to about thirty billion dollars annually.
To this end, a committee to work out modalities to achieve this financial projection has been set up by the Federal Executive Council at its meeting on Wednesday.
The committee chaired by the Minister of Trade and Investment, Okechukwu Enelama, has Ministers of Power, Works, and Housing, Budget, Aviation, Finance, and Water Resources as members.
Federal Executive Council had during its marathon meeting which lasted seven hours also approved the sum of one point five billion Naira to fund its Enterprise and Empowerment Programme, GEEP.
A total of four point six million Nigerians are currently enrolled under the Government Enterprise and Empowerment Programme which is one of the social intervention initiatives of the Buhari administration.
The Minister of Trade and Investment told reporters that more Nigerians with innovative business ideas would benefit from the Programme which facilitates other empowerment schemes such as tradermoni, marketmoni, and farmermoni.
Meanwhile, the Council approved over eight hundred million naira for the purchase of new work tools for state-owned media agencies including the Nigerian Television Authority NTA, Federal Radio Corporation of Nigeria, FRCN, and the News Agency of Nigeria, NAN.