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Kaduna State Needs $95.5bn For Infrastructure -El-Rufai - Politics - Nairaland

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Kaduna State Needs $95.5bn For Infrastructure -El-Rufai by GoodGovernance: 9:32am On Apr 05, 2018


The governor of Kaduna State ,Mallam Nasir el-Rufai , yesterday, at the third Kaduna Investment Forum, said the state needs $95.5 billion to address infrastructure challenges for the next 30 years.

He also disclosed that his administration had attracted investments into the state in the last two years, with 79 % being foreign and  21% domestic.

Quote:“The breakdown of the future infrastructure development between now and 2050 include the transportation sector, which requires N8 trillion, while N5.1 billion will be required annually in the education sector to build about 9,006 schools including tertiary institutions.Other sectors include the health system, which requires N158 billion, while N100 billion yearly is targeted for the water sector; agriculture, N53 billion, and 5,000 housing units will be developed annually all within the time frame of 2018-2050.”

On domestic investement,El-Rufai said: “We have decided to focus more on domestic investment; we need to attract businesses in Kaduna by providing skilled work force.To encourage domestic investment in the state, government’s first priority is to build human capital by engaging in different activities where the young people are willing to be employed in businesses.”

He expressed optimism that the investments already attracted to the state will begin to yield fruits before the next summit next year.

The governor indicated that the investments attracted to the state included Kaduna Automobile Village, Green Economic Zone, Solar Power Project, Dangote-PAN Assembly Plant, Vilisco Textile Park and Arfa Dairy Farms and Ranches, among others.

https://www.financialdigest.com.ng/
Re: Kaduna State Needs $95.5bn For Infrastructure -El-Rufai by Mynd44: 10:12am On Apr 05, 2018

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