Number of new initiatives planned to be launched during 2023-24

Engineering Post Report

The new Public Sector Development Programme (PSDP) of the Federal Government just recently launched consists of a large number of 1262 ongoing and new schemes  of 40 Ministries and Divisions.

However, no information was immediately available from official sources concerned  as to how many of  the development schemes were expected to be completed under PSDP 2022-23 by end June 2023 out of how many  were likely to be completed during the last financial year. Likewise, no indication was also available as to how many  development  schemes in different sectors were likely to be  completed  by the end of new financial year in June 2024.

Major chunk of PSDP 2023-24  has been earmarked  for infrastructure  projects of energy, railway, motorways/highways, aviation, ports  while also attaching equal importance to  social sectors. Besides focusing on ongoing projects for ensuring their completion within the stipulated period at estimated costs, new imported  initiatives which the federal government plans to be launched  under the PSDP 2023-24  mainly include briefly Solar Tubewells, Youth Programme for Small Loans, Support for IT Start-ups and Venture Capital, Youth Skill Development as  well as One  Stop Service Centre for Special Economic Zones , Manufacturing Brand Development and National Centres for Quantum Computing  among others besides those pertaining to education, health, women empowerment.