President Muhammadu Buhari says Nigeria needs a sum of $1.5 trillion in the next 10 years to address the infrastructural deficits in the country.
Buhari said such investments will help in achieving an appreciable level of the National Infrastructure Stock.
Buhari spoke yesterday at the ongoing 2021 United Nations Climate Change Conference (COP26) in Glasgow, Scotland.
The President’s Senior Special Assistant on Media and Publicity, Garba Shehu, quoted him as saying “Nigeria is ready for investments in infrastructural development.
The President noted that his administration had taken infrastructure expansion seriously, conscious of the fact that new investments in critical sectors of the economy would aid lifting 100 million Nigerians out of poverty by 2030.
He said: “There is a nexus between infrastructural development and the overall economic development of a nation.
“My administration identified this early enough as a major enabler of sustainable economic development and the realisation of other continental and global development aspirations, particularly the 2030 Agenda for Sustainable Development Goals (SDGs).”
