Nigeria’s Infrastructure Gap May Reach $2.3trn by 2043
Nigeria’s infrastructure deficit could rise to $2.3 trillion by 2043 if urgent action is not taken, experts warned on Tuesday. The revelation came during a pre-summit dialogue in Abuja ahead of the 31st Nigerian Economic Summit (NES #31). The session, themed “Catalysing Bankable PPPs through the Infrastructure Project Preparation Facility,” was convened by the Nigerian Economic Summit Group (NESG) in partnership with the UK Nigeria Infrastructure Advisory Facility (UKNIAF). Policymakers, financiers, development partners, and private sector leaders highlighted the challenges under the National Integrated Infrastructure Master Plan (NIIMP) and stressed the importance of Public-Private Partnerships (PPPs) in bridging the huge gap. Nnanna Ude, NESG Board Director, said unlocking private capital through properly prepared projects is key to inclusive and sustainable growth. He reaffirmed NESG’s commitment to driving reforms that strengthen Nigeria’s infrastructure competitiveness. Delivering the keynote, UKNIAF’s Abdul Oladapo identified […]
