The Federal Government has proposed N2 billion in the 2014 budget as counterpart funding for a special economic development initiative for the North East. This is coming about three weeks after President Goodluck Jonathan promised a “special intervention programme” for the region. During the 2nd North-East Economic Summit in Gombe earlier in the month, Jonathan announced that the region will soon benefit from a special intervention programme being packaged by the government to accelerate the zone’s socio-economic development. Details of the 2014 budget available to Daily Trust show that N2 billion was provided under the heading “Federal Initiative for North-East (Pilot Counterpart Funding Contribution).” The use of the phrase ‘counterpart funding’ indicates that the programme would be run together with the six states in the zone. At the North East summit, Jonathan explained that the programme he was coming up with would be executed in partnership with governments of the ...
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