Nigeria has investment need of $100bn annually – ICRC

From Isaac Anumihe, Abuja
The Director General and Chief Executive Officer of the Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Ewalefoh, has revealed that Nigeria has an annual investment requirement of $100 billion, with public spending covering less than 30 per cent of the need.
Ewalefoh also noted that traditional procurement models and dwindling budgets are no longer enough, regretting that despite Nigeria’s abundant resources, there is a staggering $2.3 trillion infrastructure deficit.
These infrastructure sectors include transport, energy, information, communication and technology (ICT), agriculture, aviation and housing.
Speaking at the infrastructure d...