The federal government is planning to build infrastructure worth $2.3 trillion in 23 years, out of which $1.104 trillion will be financed through public private partnership (PPP) arrangements.
The Director General, Infrastructure Concession and Regulatory Commission (ICRC), Mr Joe Aniku Ohiani, disclosed this in Abuja on Thursday at Third Quarter Public Private Partnership Consultative Forum (3PCUF) sponsored by the Nigerian Shippers Council (NSC).
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He said the proposal was based on the country’s revised infrastructure national plan.
“Last week Tuesday, the vice president inaugurated the National Council on Infrastructure. The National Council on Infrastructure will see to the implementation of the Revised National integrated Master plan from 2020 to 2043,” he said.
“As you are aware, the master plan envisages that we will be able to achieve infrastructure development worth $2.3 trillion. Out of this amount, 48 per cent is to be done through PPP,” he explained.
In her opening remarks, the Head of the Civil Service of the Federation, Dr Folasade Yemi-Esan, said the public private partnership was needed to grow the economy.
She was represented by the permanent secretary, special duties office, Faruk Yusuf Yabo.
