STATISTICS PREDICTS INVESTMENT ON INFRASTRUCTURAL FACILITIES WILL AID NIGERIAN ECONOMY

The need for infrastructural facilities is way paramount to Nigeria’s survival

STATISTICS PREDICTS INVESTMENT ON  INFRASTRUCTURAL FACILITIES WILL AID NIGERIAN ECONOMY
Gosfem - Free school management software

It becomes clearly important for the Nigerian government to address the country’s infrastructural deficit despite the efforts of his administration so far. Though, the effort is not lost on some Nigerians but seems far fetched.

Presently, the government has mandated a seed capital of one trillion naira and a mandate to grow its assets and capital base to N15tn over unstipulated time.

The International Monetary Fund placed Nigeria’s infrastructure stock at 25 per cent of its GDP.  While the Nigerian Investment Promotion Council estimated that the country would need over $2.8tn in infrastructure investment over the next 30 years to hit the international benchmark of 70 per cent of GDP.

Here, huge disparity exists in expected investment and projections, the government only committed #1b to a project that was suppose to gulp $2.8trillion dollars in 30yrs.

These means in about #140trillion projects the government was only able to commit less that 1% of the total investment projection. There's no means for improvement if the government body language towards infrastructural facilities is not improved.


You Can Also Read