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Nigeria Needs N460 Trillion To Build Infrastructure In 30 Years - Politics - Nairaland

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Nigeria Needs N460 Trillion To Build Infrastructure In 30 Years by Abiyamo: 8:22pm On Jul 29, 2013
Wait o. Are we building the Great Pyramids of Egypt ni? N460 trillion = $2.6 trillion! Anyways, the Nigerian National Planning Minister, Shamsudeen Usman has said that is the amount that we need in the next 30 years to solve the huge problem of infrastructure in Obodo Naija. He said this in Abuja on Monday at a policy dialogue titled “Infrastructure and Structural Transformation in Nigeria’’ organized by the African Development Bank (AFDB). Hear him:

“The AFDB has been working closely with us in our economic transformation, especially in the development of the National Integrated Infrastructure Master Plan, NIIMP.

“This master plan is a long term 30-year plan, covering from 2014 to 2043. The 30-year master plan is phased into three 10-year strategic plans, and six 5-year operational plans.

“The NIIMP will require an estimated $2.9 trillion to close Nigeria’s huge infrastructure gap in the next 30-years, 52 per cent of which will come from the treasury, while the private sector is expected to cover the balance of 48 per cent.

“The master plan will also put in place enablers that will attract private sector investment to the infrastructure sector.''

He also said the plan is designed to create more jobs for the unemployed Nigerians, especially in the areas of power, ICT and transport. For millions of Nigerians, this is just 'wash' and they are using the same detergent they've been using since 1960....lol! What do you think?

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http://www..com/nigeria-needs-n460-trillion-to-build-infrastructure-in-30-years/

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THANKS FOR YOUR TIME.

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