TERRORISTS, BANDITRY ACTIVITIES IN NORTHWEST HAVE REDUCED- SHEHU SANI. (PHOTO).

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 Terrorists, banditry activities in Northwest have reduced – Shehu Sani Shehu Sani, a former Kaduna Central Senator, has disclosed a decrease in the activities of terrorists and bandits in the Northwest. Sani said the recent killings of some top terrorists’ leaders could have been responsible for the decrease. Posting on X, the former lawmaker wrote: “In the last few weeks, there is a noticeable decrease in terrorist and banditry attacks and kidnappings in the North Western parts of this country. “The elimination of some of the top terrorist leaders must have been responsible.This is commendable and should be sustained.” In the past weeks, notable bandit leaders have been killed in the North. Those eliminated include- Haliru Kachalla Sububu or Buzu, Kachalla Tukur Sharme (killed by rival gang), Sani Black, another prominent bandit leader, killed along with his brother and two children, Kachalla Makore, Kachalla Mai Shayi Kachalla Tsoho Lulu and Mai’Yar Gitta. Gitta lost his life after

FG ESTABLISHES PRESIDENTIAL INFRASTRUCTURE DEVELOPMENT FUND+NEC APPROVES $650M SEED FUNDING.{PHOTO}.

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     President Muhammadu Buhari has approved the establishment of a Presidential Infrastructure Development Fund (PIDF), which is to be managed by the Nigeria Sovereign Investment Authority (NSIA), and invested specifically in critical road and power projects across the country.
The National Economic Council (NEC) has also, today, May 17, 2018, authorised the initial transfer of $650 million dollars to the NSIA from the Nigeria Liquefied Natural Gas (NLNG) Dividend Account, as seed funding for PIDF.
This initiative aims to eliminate the risks of project funding, cost variation and completion that have plagued the development of the nation’s critical infrastructure assets — such as the 2nd Niger Bridge, Lagos to Ibadan Expressway, East—West Road, Abuja to Kano Road, Mambilla Hydroelectric Power — over the last few decades.
This commitment by the President and NEC, allows all State Governments to own an economic interest in the project companies that will be professionally developed and managed by the NSIA.
The investments will yield returns, which will diversify revenues to States, improve the fiscal sustainability profile of the Federation and ensure Nigerians benefit from modernised Infrastructure for decades to come.
The PIDF will secure counterpart funds required for projects being co-developed with China Exim and China Development Banks, and mobilize any additional funding required from development partners.
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