The National Sovereign Wealth Investment Authority, or NSWIA, currently holds the N50 billion Presidential Infrastructure Development Fund, or PIDF, which the Minister of Budget and Economic Planning, Atiku Bagudu, claims will be used in part to support the proposed 2024 supplemental budget....CONTINUE READING
However, according to Bagudu, the N50 billion was insufficient to finance the “Renewed Hope Transformational Projects,” which is why the Federal Government is applying to the World Bank for a $2.5 billion loan.
