• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 12, 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

Infrastructure Devt Needs $3trn In 30 Years – Minister

by Yusuf Babalola
3 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The minister of Transportation, Mu’azu Sambo, has said that the nation’s infrastructure development requires $3 trillion in 30 years to sustain a robust economic growth.

Advertisement

Sambo who stated this last week in a paper titled, “Financing Nigeria’s Transport Infrastructure,” at the Nigerian Economic Partnership Forum, in New York, United States of America, said that Nigeria’s core infrastructure stock was estimated at 20 to 25 percent of Gross Domestic Product (GDP), according to the National Integrated Infrastructure Master Plan (NIIMP), which makes it necessary for private sector participation.

He called on foreign investors to take advantage of opportunities available for investment in the various sub-sectors of the nation’s transport industry, assuring prospective investors of rewarding Return on Investment (ROI) as well as a secure environment.

His words, “I would like to invite our friends and partners to come on board and take advantage of the ample opportunities with a promising return on investment and a guaranteed and secure environment for investors.”

Sambo said Nigeria’s transport sector comprising the railway, seaports and dry ports, inland waterways and other sub areas have opportunities for further investment as the nation seek more development of its infrastructures.

RELATED

Sokoto Gov’t Settles N500m Outstanding Fees For Foreign Students

Turkish Airlines Named ‘Expatriate Airline Of The Year’ At TEBA 2025

11 hours ago
Africa’s Investment In Blockchain Technology Increased By 1668% – Report

Interstellar To Address $5bn Currency Barrier In Africa With Blockchain Solution

16 hours ago

He added that the assurances stemmed from the fact that infrastructure development plays critical role in reviving the economy, transforming it and placing it on a higher, more sustainable and inclusive growth trajectory.

Earlier, Sambo appreciated the forum for offering economic partnership opportunities.

He said :“I commend the organisers and participants alike. I am optimistic that this meeting will galvanise the much-needed traction and renewed collaboration to strengthen existing partnerships and foster new ones for the benefit of catalysinginfrastructural development for Nigeria, Africa, and the world at large.”

Speaking on the huge financing demands for such capital-intensive infrastructure development as it is with the sector, the minister said the option would be to turn to models that give opportunities for workable partnerships.

His words: “Infrastructure is vital for the long-term growth and competitiveness of countries worldwide. It is however capital intensive as various national governments are facing constraints in developing and funding infrastructure projects.

“Likewise, the Nigerian government is increasingly exploring alternative sources of finance for infrastructure development. There are two broad sources of infrastructure financing; government funding, private sector financing.”

Conversely, Sambo gave some key areas of the sector needing investment, including, completion of rehabilitation of all narrow-gauge rail lines and the construction of standard gauge rail lines for the carriage of goods and passengers in line with the 25-year Railway Master Plan.

“Leveraging Public-Private Partnership (PPP) arrangements for the development of Deep-Sea Ports, Inland Dry Ports and Vehicle Transit Areas (VTAs) to facilitate both local and international trade.

“Effective and sustainable channel management, security and safety for the Ports and Inland Waterways respectively, and implementation of the ECOWAS protocol on Trade Facilitation as well as the Africa Continental Free Trade Area Agreement (AfCFTA),” he said.

The minister expressed confidence of the remarkable economic outcome from Public Private Partnerships (PPPs), which he said had proven to be a viable option for infrastructure growth.

He listed the PPP models to include -Design, build, finance and transfer (DBFT); Design Build Finance Operate and Transfer (DBFOT);Build, operate and transfer (BOT); Build, Own, Operate and Transfer (BOOT);Design, build, finance and Operate (DBFO).

Sambo added that these models have the propensity to be successful when there is access to capital, enabling environment/institutional framework and adequate legislation.


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



SendShareTweetShare
Previous Post

NPA Assures Of Speedy Conclusion Of Concession Agreements

Next Post

Federal Govt To Market Nigeria’s Tourism Assets, Culture To World

Yusuf Babalola

Yusuf Babalola

You May Like

Sokoto Gov’t Settles N500m Outstanding Fees For Foreign Students
Business

Turkish Airlines Named ‘Expatriate Airline Of The Year’ At TEBA 2025

2025/07/11
Africa’s Investment In Blockchain Technology Increased By 1668% – Report
Business

Interstellar To Address $5bn Currency Barrier In Africa With Blockchain Solution

2025/07/11
NGO Sensitises Lagos Residents On Dangers Of Consuming SSB
Business

Beverage Industry Group Challenges WHO’s Call for Increased Sugar Drink Taxes

2025/07/11
5 Most Lucrative Businesses In Nigeria For 2024
Business

Naira Cuts Back Gains as Traders Foresee Stability

2025/07/11
Electricity Deficit: Ex-NDPHC Boss Urges PPP, Independent Transmission Project Model
Business

Electricity Deficit: Ex-NDPHC Boss Urges PPP, Independent Transmission Project Model

2025/07/11
Solar To Energise 380m Africans By 2030 — World Bank
Business

World Bank Flags Nigeria’s Governance Woes Despite Modest Policy Gains

2025/07/11
Leadership Conference advertisement

LATEST

PDP Stakeholders In Kano Set To Meet Over Internal Disputes

Natasha’s Team Submits Court Verdict CTC To Senate, Says Lawmaker To Resume July 15

Contempt: Natasha Fires Back, Appeals ₦5m Fine Over Facebook Post

Liverpool To Retire Number 20 Jersey In Honour Of Diogo Jota

SGF Akume Denies Appointing Odunuga As Media Adviser

Aso Rock Rats Invasion Story Meant To Deflect Buhari’s Illness – Garba Shehu

After Supreme Court Victory, Okpebholo Vows To Probe Obaseki

Dafinone Hails Okpebholo’s Supreme Court Victory, Urges Inclusive Leadership

Troops Neutralise Notorious Kidnapper, Recover N13m Ransom In Kaduna

Mohbad: Nurse Risks Trial As Coroner Indicts Aloba Family, Music Industry

© 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.