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.