2023: Reactions As Atiku Proposes Infrastructure Debt Fund

While commenting on the collapse of National Grid, the People’s Democratic Party, PDP Presidential aspirant Atiku Abubakar said on his official Facebook Page “This one collapse too many”.

He further buttress by saying thus, “Due to the priority that I place on the power sector upon which the successes of other sectors are hinged, I am proposing innovative financing of infrastructure that will involve the facilitation of a review of the financial, legal, and regulatory environment to promote private investment in power, among other sectors.

“I’ll promote the incentivisation, with tax breaks, a consortium of private sector institutions to establish an Infrastructure Debt Fund (IDF) to primarily mobilise domestic and international private resources for the financing and delivery of large infrastructure projects across all the sectors of the economy.

“The IDF will have an initial investment capacity of approximately US$20 billion. In addition, I’ll cause the creation of an Infrastructure Development Credit Guarantee Agency to complement the operation of the IDF by de-risking investments in infrastructure to build investor confidence in taking risks and investing capital.”

However Some of his followers has reacted to the development.

Below is the excerpt of their reactions.

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