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 exclusive 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.
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.
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.
Anslem said he was pleased with the sessions with the Economic And Financial Crimes Commission (EFCC) on the funds for which it has on behalf of CEAGIS Properties provided the anti-graft agencies with full disclosure and awaits the clearance to deploy these resources to the critical aspects of the economy.
He said already, a total of €14,210,119.74 about (N13 billion) from two European Banks was issued on 26th May 2021 from Lloyd meant for a nationwide housing development and delivery for members of the Academic Staff Union of Research Institutions in Nigeria (ASURI) in Abuja.
According to him, Nigeria needs all her patriots at this critical time of her national life, patriots who should step up to provide positive interventions to grow the economy; render support to the government to boost the economy and make the country great even as he called on all other Nigerians to support the government to lead the nation out of the present challenge as soon as possible.
Anslem said his firm was prepared to revolutionize investments in Agriculture, solid minerals Power and other social welfare programmes and critical infrastructure.
According to him: “Further inflow will be coming for specific development like: Agricultural mechanization in plants, animal husbandry and processes, sold minerals development exploration and exploitation”
Anslem said other areas of investment interventions from the fundings are “Power Sector Development: Generation, Transmission and Distribution, Steel plants and Rolling mills as well as the Oil, Gas and Petrochemical plants and development including refinery among others.”
Included with these, he noted, are the projects to be delivered on the Nationwide Housing Development and delivery with mortgage repayment spreading over 25 years at single-digit interest rates.
This he noted would be delivered under the National Housing Fund (NHF) Schemes and Federal Integrated Staff Housing (FISH) Program.
Anslem said the ambitious investments programme aimed at boosting national assets included interventions in improving the quality of life in “districts healthcare Provisions and Teaching Hospitals across 774 LGAs boosting ICT hubs and enhancing education Institutions etc.”