• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, July 4, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

$3trn Needed To Close Infrastructure Gap In 30 Years – Reps

by James Kwen
8 months ago
in Business
Infrastructure Gap
Share on WhatsAppShare on FacebookShare on XTelegram

Speaker of the House of Representatives, Hon. Abbas Tajudeen Abbas on Tuesday said Nigeria needed to invest $3 trillion in the next 30 years to bridge the gap in infrastructure.

Advertisement

He also said the road network, power supply, housing, healthcare, and education sectors are some of the critical areas which needed urgent attention.

Speaker Abbas made the disclosure at the flag-off ceremony for the construction of the access road from ring road 1 by N16 to Judges’ Quarters in Katampe District of Abuja.

Represented by the deputy speaker, Hon. Benjamin Kalu, the Speaker said that the infrastructure deficit in the Federal Capital Territory (FCT) is more glaring as the city’s population continues to grow at an annual rate of five per cent, thereby putting pressure on the existing facilities.

A statement by the Chief Press Secretary to the Deputy Speaker, Levinus Nwabughiogu, said Abbas however commended the administration of President Bola Ahmed Tinubu for prioritising infrastructure development.

RELATED

At LEADERSHIP Twitter Spaces: AMCON Creates Moral Hazard For Banking Industry – Analysts

AMCON Sells Ibadan DisCo For N100bn

46 minutes ago
NADF Unveils Digital Tool To Track N19.5bn Agri-support Project

NADF Unveils Digital Tool To Track N19.5bn Agri-support Project

60 minutes ago

He also assured that the House will give the necessary legislative backing to the FCT administration, more so, strengthen its oversight functions to ensure that the government delivers on its determination to elevate the status of Abuja.

Abbas said: “It is common knowledge that Nigeria, like many other developing nations, has an infrastructure deficit. According to recent estimates, Nigeria needs to invest about $3 trillion over the next 30 years to close the infrastructure gap and achieve the level of development required for sustained economic growth. The road network, power supply, housing, healthcare, and education sectors are some of the areas in urgent need of attention.

“Here in Abuja, the infrastructure deficit is more glaring as the city’s population continues to grow at an annual rate of 5%. This puts pressure on existing facilities and highlights the need for more access roads, housing, and essential services to cater to the needs of residents.

“Under the leadership of President Bola Ahmed Tinubu, there have been commendable initiatives aimed at addressing this infrastructure deficit. These initiatives show that the government understands the role infrastructure plays in national development and is committed to making the necessary investments.

“As the legislature of the FCT, the National Assembly has an important role to play in supporting these development efforts. The 10th National Assembly, which I am privileged to lead, is fully committed to collaborating with the Executive to ensure that the FCT receives the necessary legislative backing to facilitate infrastructure development.

“We are ready to consider and pass laws that will further enhance the governance structure of the FCT and approve appropriations that will make meaningful infrastructure projects, such as this road construction, a reality.”

Abbas said the National Assembly will continue to exercise its oversight functions to ensure that projects are implemented according to standards and within stipulated time frames.

The Speaker also commended the  Minister of the FCT, Nyesom Wike for his transformative leadership since assuming office.

On his part, the minister said the access road to the Judges quarters as well as other internal roads in the residential quarters, would be completed by May next year to mark the President’s second year anniversary and assured the contractor of adequate funding.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Abbas TajudeenInfrastructure Gap
SendShareTweetShare
Previous Post

NiMet Assures Of Quality Service At Abuja Airport

Next Post

IMF Downgrades Nigeria’s 2024 Growth Forecast To 3.1%

James Kwen

James Kwen

You May Like

At LEADERSHIP Twitter Spaces: AMCON Creates Moral Hazard For Banking Industry – Analysts
Business

AMCON Sells Ibadan DisCo For N100bn

2025/07/04
NADF Unveils Digital Tool To Track N19.5bn Agri-support Project
Business

NADF Unveils Digital Tool To Track N19.5bn Agri-support Project

2025/07/04
Business

FG Begins Vehicle Recycling Enforcement October, Eyes N60bn Annually

2025/07/04
Zenith Bank Emerges Most Sustainable Bank
Business

Zenith Bank Ranked Nigeria’s Top Tier 1 Bank

2025/07/04
GTCO, 7 Others Post N1.3trn Pre-tax Profit In Q1
Business

GTCO Raises $105m In Share Sale, To List On London Exchange

2025/07/04
Norrenberger Promotes Financial Literacy In Children
Business

Norrenberger Opens Regional Office In Kano

2025/07/04
Leadership Conference advertisement

LATEST

Miley Cyrus’s Video Of ‘Every Girl You’ve Ever Loved’ Features Supermodel Naomi

Korean Staged Cinema Production Raises Question Of How We Treat Elderly In Our Societies

The Chosen Season 6’ Is The Most Gruesome Filming Of The Series – Jenkins & Roumie

‘We Are Open To Music Collaboration Between Korea & Nigerian Artistes

KAPFEST 2025 Calls For Poetry Submissions

Writer Laments Proliferation Of Sham Arts Festivals By Inexperienced Creatives

Onuachu Receives Heroic Welcome At Trabzonspor

43 Countries, 937 Athletes, Officials To Compete At 3rd African U18/U20 Athletics Championships In Abeokuta

NNL Super 8: Barau FC Arrive In Asaba, Eye NPFL Ticket

CDS Musa Pledges Collaboration With NIS To Enhance Military Sports Training

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.