Nigeria plans to spend $20 billion on infrastructure over the next 10 years and will introduce an infrastructure bond in 2019 as Africa’s biggest oil producer seeks to address challenges in revenue generation.

“Our target is that we’d like to see infrastructure spending increase to the $10- to $20-billion range over the next 5 to 10 years because we think that’s the level of our need,” Okechukwu Enelamah, the minister for trade and investment, told reporters on Wednesday in the capital, Abuja.



The government will partner with other stakeholders to raise funding. A committee comprised of the ministers of finance, budget, trade and investment and works, housing and power, and other government agencies was immediately set up to work out modalities.


Source and more:
Nigeria Wants $20 Billion Infrastructure Spend Over 10 Years
http://www.sanwomi.com/2019/03/nigeria-wants-20-billion-infrastructure.html

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