3trn Investment Opportunity in Nigeria’s Transport Sector

 
There is a huge gap in transport infrastructure development in Nigeria, which offers investment opportunities to private investors.

Hassan Bello, Executive Secretary of the Nigerian Shippers’ Council (NSC), disclosed this while delivering a paper titled: “Pushing the Boundaries of Public-Private Partnership Initiative for Shipping Industry Development,” at a breakfast meeting organised by the Nigerian-American Chamber of Commerce. He said that the National Integrated Infrastructure Master plan (NIIMP), provided a veritable platform for PPP in the provision of transport infrastructure in Nigeria.

According to Hassan, investment in the transport sector as contained in the NIIMP for 2014-2017 is $0.72 billion; $1.7 billion, $3.2billion and $5.7 billion from 2014 to 2017, bringing the total investment requirement to about $3.0 trillion from 2014 to 2043.

According to Bello, the NIIMP is aimed at raising Nigeria’s core infrastructure stock estimated at between 20 and 25 percent in 2013 to a minimum of 70 percent by 2043. “With all these investment projections, the country was still having deficit in infrastructural investment due to over reliance on government funding.

(bizwatchNigeria)

LAGOS-IBADAN RAILWAY CONSTRUCTION GATHERS SPEED


The Federal Government is constructing a new Standard-Gauge Rail Line connecting Lagos to Ibadan, flagged off by VP Professor Osinbajo in 2017.

According to the Presidency’s release on Twitter on Sunday, the project is part of President “Buhari’s vision to ensure Nigeria is connected by fast & efficient rail.”