President Muhammadu Buhari has told world leaders that Nigeria needs at least $1.5trillion in the next 10 years to close its infrastructure deficit and achieve an appreciable level of the National Infrastructure Stock. This is as he assured them that Nigeria is ready for investment from developed economies.
Buhari says these in Glasgow at a COP 26 high-level side event on improving global infrastructure hosted by President Joe Biden of the United States; European Union Commission President, Von Der Leyen; and the United Kingdom Prime Minister, Boris Johnson.
The Senior Special Assistant to the President on Media and Publicity, GarbaShehu, disclosed this in a statement titled President Buhari: Nigeria needs $1.5 trillion in 10 years to bridge the infrastructure gap.’
The President also declared that his administration had taken infrastructure expansion in Nigeria seriously, conscious of the fact that new investments in critical sectors of the economy would aid lifting 100 million Nigerians from poverty by 2030.
He explained that in solving these problems, his regime embarked on a massive infrastructure expansion programme in the areas of Health care, education, transportation, manufacturing, energy, housing, agriculture, and water resources.
The President welcomed the G7 countries for its plan to mobilize hundreds of billions of dollars of infrastructure investment for low-and middle-income countries.