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AfCFTA and Nigeria's N35tn Infrastructure Requirement

AfCFTA and Nigeria's N35tn Infrastructure Requirement
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Emefiele: N35tn Infrastructure Investment Needed for Double-digit Growth

Emefiele: N35tn Infrastructure Investment Needed for Double-digit Growth
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Emefiele: Nigeria requires N35trn infrastructure investments for double-digit growth

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the nation requires N35 trillion worth of investment in infrastructure to attain double-digit growth. ....

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Emefiele: N35tn Infrastructure Investment Required for Double-digit Growth

Ndubuisi Francis in Abuja
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has declared that about N35 trillion investment in infrastructure is required for the economy to post a double-digit growth.
But, he declared that given the paucity of government revenues, it will be difficult to support such investments using government funds alone.
The Nigerian economy recorded a 0.51 per cent growth in the first quarter of 2021 after a 0.11 per cent growth in the fou rth quarter of 2020. In a goodwill message he delivered at a webinar on “Financing Public-Private Partnership to Boost Infrastructure Delivery in Nigeria,” organised by the Bureau of Public Enterprises (BPE) in Abuja, Thursday Emefiele noted that the theme of the webinar was topical as a critical part of efforts to drive sustainable growth of the Nigerian economy. ....

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BPE mulls sale of transmission company

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Okoh stated this on Thursday during a webinar tagged, “Financing Public-Private Partnership to Boost Infrastructure Delivery in Nigeria,” chaired by Ahmed Zainab, minister of finance, budget and national planning, and monitored by TheCable.
In 2013, Nigeria privatised the power sector with the distribution (DisCos) and generation (GenCos) sub-sectors sold to core investors.
Nigeria has 13,000 megawatts of installed electricity-production capacity, only about 4,500 megawatts is dispatched to the grid daily, in part because of dilapidated transmission infrastructure.
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“Currently, we are looking at various strategies at reforming TCN,” Okoh said.
“That’s the only segment of the power value chain yet to be reform by BPE. We have privatised or reform generation and the PHCN legacy on generation companies and downstream privatisation. ....

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