The President of Nigeria, Bola Ahmed Tinubu is expected to be in Jaji, Kaduna State today Friday, 21st July.
According to NTA, the President is expected at the senior course 25 graduation ceremony of the Armed forces command and staff college, Jaji later today.
President Bola Ahmed Tinubu has approved the establishment of the Infrastructure Support Fund (ISF) for the 36 States of the Federation as part of measures to cushion the effects of the petrol subsidy removal on the people.
The approval was disclosed at the monthly meeting of the Federation Account Allocation Committee (FAAC), on Thursday July 20, 2023, in Abuja.
This was made known in a statement to journalists by the Special Adviser to the President on Special Duties, Communications & Strategy, Dele Alake.
READ ALSO: Pro-Tinubu Protesters Storm National Assembly
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The new Infrastructure Fund will enable the States to intervene and invest in the critical areas of Transportation, including farm to market road improvements; Agriculture, encompassing livestock and ranching solutions; Health, with a focus on basic healthcare; Education, especially basic education; Power and Water Resources, that will improve economic competitiveness, create jobs and deliver economic prosperity for Nigerians.
The Committee also resolved to save a portion of the monthly distributable proceeds to minimize the impact of the increased revenues occasioned by the subsidy removal and exchange rate unification-on money supply, as well as inflation and the exchange rate.
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