Nigeria needs $1.5trn to bridge infrastructure gap in 10 yrs – Buhari | The Guardian Nigeria News

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President Muhammadu Buhari says 1.5 trillion dollars is needed by Nigeria over a ten-year period, to achieve an appreciable level of the National Infrastructure Stock.

He gave the figure on Tuesday in Glasgow at a COP 26 high-level side event on improving global infrastructure hosted by President Joe Biden of the United States, EU Commission President, Von Der Leyen and the UK Prime Minister, Boris Johnson.

Malam Garba Shehu, the President’s spokesman in a statement on Tuesday in Abuja, quoted the Nigerian leader as saying that ‘‘Nigeria is ready for your investments 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.

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

He also declared that his administration had taken infrastructure expansion in Nigeria seriously,…



Source: Guardian Newspaper

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