FG has addressed Nigeria’s infrastructural gap–SGF, Fashola
The duo of the Secretary to the Government of the Federation (SGF), Boss Mustapha; and the Ministers of Works and Housing, Babatunde Raji Fashola, have lauded the infrastructural strides of the Federal Government.
According to them, the President Muhammadu Buhari-led administration was still able to address the nation’s infrastructural yawning deficit in six years, amid paucity of financial resources, the economic recession of 2016, and the COVID-19 pandemic of 2020.
They stated this at a ‘Townhall Meeting”, organized by Business Hallmark Public Policy Forum.
The meeting, themed, “Nigeria’s Infrastructure Revolution; Road to a New Future,” was held at the Shehu Musa Yar’Adua Centre, in Abuja.
Mustapha, the special guest on honour, disclosed that conscious of the economic disruption caused by the 2016 economic recession and COVID-19, as well as the challenges of previous reforms FG revised its 23-year, 2020-2043 National Integrated Infrastructure Masterplan.
According to the SGF, the infrastructure masterplan identifies critical enablers with consisting micro economic framework and realistic infrastructure investment plan.
“For the 23-year period, $2.3 trillion will be required, translating to about $150 billion annually. The private sector and other partners have agreed to provide 56%, while the FG and state governments will provide 44% of the shared investment to be dedicated for implementing the masterplan,” he said.
On his part, Fashola, noted that the FG has recorded significant strides towards providing quality and sustainable infrastructure, in recent years, by formulating several infrastructural reforms.
“We are extending and upgrading the nation’s railway network and introducing more locomotive couches. The port sector has been converted to landlocked model,” he said.
The Works and Housing Minister, further disclosed that about 895 highway and bridges contracts, which represents 13,552.20km, are ongoing across the country, and most will be commissioned next year.
In his opening remark, Chief Mark Wabara, Chairman of the Business Hallmark Policy Forum, lauded the Buhari government for placing great emphasis on infrastructural development.