The Federal Executive Council (FEC) has approved an $82 million loan facility from the Japan International Corporation Agency to speed up the eradication of polio in the country.
The loan, which has an annual interest rate of 0.2 per cent, will give a boost to the Federal Government’s effort to completely eradicate polio in the country.
Briefing State House Correspondents after the council meeting, the Minister for Water Resources, Mrs S
arah Ochepke, who joined the Information Minister, Mr Labaran Maku, decried a situation where the water resources available in Nigeria do not have a proper management.
The FEC also approved a new National Water Resources Master Plan which aims at not only making fresh water available to Nigerians but puts Nigeria on the same pedestal with other countries of the world.
The FEC also applauded the recent data from 2010-2013 by the World Bank which has placed the poverty level in Nigeria from 62 to 31.1 per cent.
Mr Maku said that the report is an indication that the various poverty measures adopted by the present administration have been working.
The council further noted that the development in agriculture and the new methods of distributing seeds and fertilizers in the country have contributed to the reduction of poverty in the country.
The Information Minister also spoke about the Sovereign Wealth Fund and the benefits so far, as well as efforts to make houses available to Nigerians using the Nigerian Mortgage Refinancing Company.
The Federal Executive Council also urged President Jonathan to keep his eyes on the ball, hoping that, despite distractions from terror attacks, Nigeria will be among the largest world economies.
