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President BUHARI – ‘’Nigeria needs 1.5 trillion dollars to bridge the infrastructural gap in 10 years’’

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President BUHARI – ‘’Nigeria needs 1.5 trillion dollars to bridge the infrastructural gap in 10 years’’

President Muhammadu Buhari has made it clear that Nigeria needs a cumulative of 1.5 trillion dollars over ten years; to reach a milestone of the appreciable level of the National Infrastructure stock.

This information was passed out through a statement by the senior special assistant to the president on media and publicity. Mr. Mallam Garba Shehu.

According to the president, he said that Nigeria is ready for investment in infrastructural development in the country.

"My administration has established a clear legal and regulatory framework for private financing of infrastructure to establish a standard process. Especially on the monitoring and evaluation process".

During the conference hosted by the United States President, Joe Biden, EU commission president, Von der Leyen, and Boris Johnson. The president announced that he’s looking into a great future of the partnership.

‘’We look forward to working with you in this regard’’ he added.

The president also derived dip into the aspect of development…saying his achievement [what he has brought to the country since he took over power] back in 2015.

‘’On my assumption of office in 2015, Nigeria faced a huge infrastructure deficit and the total National Infrastructure stock was estimated at 35% of our gross domestic product’’.

‘’In solving these problems, we embarked on a massive infrastructure expansion program in the areas of health care, education, transportation, manufacturing, energy, housing, agriculture, and water resources’’.

He also added that; 

‘’We provided more financial resources for the policies, chatted about new international partnerships, and pursued liberalization policies to allow private sector participation’’.

The president also welcomed with open hands the G7 country for their ‘’ground seeking plan’’ to mobilize huge amounts of money for infrastructure investment for low and middle-income countries.

This ‘’BUILD BACK BETTER WORLD’’ plan is expected to be a transparent infrastructure partnership.


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