ABIA RECORDS NIGERIA’S FIRST PAROLE RELEASE UNDER CORRECTIONAL SERVICE ACT. (PHOTOS).

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 ABIA RECORDS NIGERIA’S FIRST PAROLE RELEASE UNDER CORRECTIONAL SERVICE ACT Abia State has recorded Nigeria’s first parole release under the Nigerian Correctional Service Act, 2019, with ten inmates released under the programme. In a statement, the Service Public Relations Officer of the Nigerian Correctional Service, Jane Osuji, says the development marks the first practical implementation of the parole provisions of the Act. Representing the Controller-General of Corrections, Sylvester Nwakuche, at the event in Umuahia, Assistant Controller-General of Corrections, Ngozi Okeke, describes the initiative as a major step in correctional reforms aimed at rehabilitation, reintegration, and custodial decongestion. The statement notes that the parolees were drawn from custodial centres in Aba, Umuahia, and Arochukwu, and received vocational tools and other reintegration support to aid their return to society. The Nigerian Correctional Service says the parole system is expected to reduce ...
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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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