Okonjo-Iweala said this at the Ministry’s
ministerial press briefing on Tuesday in Abuja.
She said that the support was aimed at
mobilising finance to bolster the real sector.
The minister said that most of the funds were
independently sourced from the private sector and
foreign partners in 2014.
Okonjo-Iweala said that the supports were in
credit guarantee and direct financing for the
sector, adding that access to finance remained a
challenge to the economy.
She said that most of the funds were of long
term maturation ranging from 25 to 40 years.
She said that the facilities had between 5 and 10
years grace period with zero to 3 per cent interest
rate.
The minister said that 800 billion dollars was
mobilised by the government to support
agriculture; 280 million dollars to support works
and 1.95 billion dollars for power sector.
Similarly, she said that 500 million dollars was
mobilised for aviation sector to carry out Abuja,
Kano, Lagos, Enugu and Port Harcourt airports
renovation.
Okonjo-Iweala said that light rail got 500 million
dollars; Lagos Deep Sea port four billion dollars;
while 730 million was mobilised to support job
creation.
She said that the Federal Government was
committed to creating 1.2 million jobs per year,
adding that 500,000 jobs had been created at the
end of the second quarter.
The Minister of State for Finance, Mr Bashir
Yuguda said that private sector involvement in
policy formulation was key to economic growth.
Yuguda said this was because the private sector
had effectively collaborated with the Federal
Government in its economic reforms policies.
(NAN)
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