The Federal Government has said that the country need $2.3tn to address for its national integrated infrastructure masterplan. Secretary to the Government of the Federation, Boss Mustapha, said this in Abuja on Thursday at a town hall meeting themed: ‘Nigeria’s infrastructure revolution: Road to a new future’, organised by Business Hallmark.
According to him, the 23-year masterplan (2020-2043) is for the development of infrastructure including roads, railway network and maritime sector. The event was chaired by a former national chairman of the All Progressives Congress and former governor of Edo State, Chief John Odigie-Oyegun.
Mustapha said, “Conscious of the economic disruption caused by 2016 recession and COVID-19 as well as challenges of previous reforms, the Federal Government revised the 23 year (2020-2043) national integrated infrastructure masterplan that identified critical enablers.
“For the 23-year period, $2.3tn will be required, translating to about $150bn annually and the private sector and other partners have to provide 56 per cent, while Federal Government and state governments will provide 44 per cent of the share of the investment.
“The Federal Government has made important strides towards providing much of our infrastructure and has, in recent years, conducted several infrastructural reforms.
“As for water quality, 90 per cent of water consumed, including water from the boreholes, are contaminated and water is the basic necessity of life.” Oyegun, in his contribution at the event, said six years going, the performance of the regime of the President, Major General Muhammadu Buhari (retd.), had been mixed.
