The Federal Government is to set aside $25 billion (about N4trillion) for investment in transport and energy sectors in Nigeria.
Vice President Yemi Osinbajo made this announcement at the 4th Niger Delta Development Forum in Asaba on Tuesday.
Osinbajo said President Muhammadu Buhari-led administration was committed to partnering with the private sector to reduce poverty in the country.
According to him, the money was being set aside to empower the youths and alleviate poverty.
“We will not measure how well we have performed by macroeconomic indicators but by how many millions of Nigerians we are able to ring out of poverty.
“So, collaborating with the private, we will impact the youths through agriculture, information technology and skills development in other areas aimed at reducing unemployment in the country,” he said.
He urged those concerned with the development of the Niger Delta to protect and instigate development in the region.
He urged the private sector operators to explore the opportunities in the power sector to drive the small and medium scale enterprises.