Labour Party National Youth Leader Promises N4trn To Partner Tinubu On Job Creation

Eko Hot Blog reports that the National Youth Leader of the Labour Party (LP), Comrade Eragbe Ansalem has called on President Bola Ahmed Tinubu to take advantage of its willingness to support the Federal government with about N4trn loan as part of its contribution to reflate the Nigerian economy and place her on a steady path of growth.

Anslem in an interview with Nigerian Tribune said he has secured funds from two European Banks for investment interventions in infrastructure amongst which is the housing sector as well as the research and development institutes in the country.

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The Labour Party (LP) youth leader said he believed that a public-private partnership with the federal government in its access to the huge fund for these sectors and others would benefit the Nigeria nation tremendously as it helps to reflate the economy.

The member of the National Working Committee (NWC) of LP led by Lamidi Apapa said the federal government of the All Progressives Congress (APC) led by the former president, Muhammadu Buhari, missed the opportunity to boost the economy with similar funds made available to her operation by the CEAGIS Properties Limited.

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Anslem said CEAGIS Properties Limited was willing and capable to avail the federal government of the loan amount of N500bn monthly, for the period September 2023 to February 2027 at an annual interest rate of 9%.

He said the funds were capable of boosting the economy sustainably by creating over 750,000 jobs monthly and cumulatively reaching 40,150,000 jobs in four years a feat he said would greatly boost the nation’s economy for good and make Nigeria advance in all ramifications.

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