Private Sector Intervention Critical To Bridging Nigeria’s Infrastructure Deficit – Report

As Nigeria continues to grapple with widening infrastructure deficits and growing pressure on essential public services, stakeholders have stressed the need for increased private sector participation in community development and social investment initiatives.

According to the National Integrated Infrastructure Master Plan (NIIMP), Nigeria requires at least $2.3 trillion by 2043 to achieve 70 per cent infrastructure stock in critical sectors, including power, education, healthcare and transportation.

The report noted that the enormous funding gap makes it impossible for government alone to provide the infrastructure needed to support the country’s rapidly growing population, underscoring the importance of corporate social responsibility and private sector investments in underserved communities.

The lack of basic amenities, observers say, has also contributed to rising insecurity, unemployment and poverty, particularly among young people who grow up without access to quality education and economic opportunities.

Observers say as Nigeria continues to face significant infrastructure challenges, greater collaboration between government and the private sector will be required to bridge development gaps and improve the quality of life for millions of citizens.

For instance, the report noted, Praco Nigeria Limited, a real estate company whose chairman and chief executive officer, Engr. Obioma Success Akagburonye, has initiated humanitarian and community development projects across Imo State and beyond through its charity arm, the Believers of the Gospel Welfare Foundation, has provided housing support for less privileged individuals and families, particularly in Aboh Mbaise, Imo State, helping many secure decent shelter and improve their living conditions.

It said Akagburonye’s commitment to community development dates back more than two decades, including a partnership involving the Federal Ministry of Communications to expand GSM telecommunications services to Mbaise communities at a time when mobile connectivity was still limited in many rural areas.

The initiative helped bridge communication gaps within the region and improved access to information and economic opportunities for residents.

In a bid to tackle unemployment and youth restiveness, Akagburonye has also invested in vocational and technical training programmes for young people across Imo State.

The programme, implemented through the Gospel Care Foundation, trained beneficiaries drawn from all 27 local government areas of the state in solar installation, inverter technology, CCTV installation and other technical skills considered essential in today’s economy.

The initiative was designed to equip youths with employable skills while contributing to efforts aimed at reducing poverty and insecurity.

His interventions have also extended to the healthcare sector through the Hope Rising Foundation, which partnered with the Imo State Government to provide free medical services to communities.

Beneficiaries received maternal healthcare support, medical screenings and general consultations as part of efforts to improve access to healthcare services.

In the area of water, sanitation and hygiene, Akagburonye donated a modern borehole facility to the Nigeria Union of Journalists (NUJ), Imo State Council, to support access to clean water and enhance workplace welfare.

He has also contributed significantly to faith-based and community infrastructure through the construction of a cathedral and several church buildings for the Assemblies of God Church, as well as the donation of tents for religious and social gatherings.

The facilities have become centres for worship, community engagement and social cohesion, bringing together people from different backgrounds.

In another major intervention, Akagburonye constructed and donated a multi-million-naira ultra-modern office complex to the Nigeria Security and Civil Defence Corps (NSCDC), Imo State Command.

The facility, located at Ogbor Uvuru in Aboh Mbaise Local Government Area, has been approved by the NSCDC high command to serve as the Area Command headquarters for Aboh Mbaise, Ezinihitte Mbaise and Ahiazu Mbaise local government areas.

Development experts say the interventions demonstrate how private sector organisations can complement government efforts by providing critical infrastructure and social services in communities where access to basic amenities remains limited.

They noted that such investments are helping to improve healthcare delivery, youth empowerment, security, housing and access to clean water, while also promoting sustainable community development.