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Share Critical infrastructure plays a critical role in enhancing economic growth, creating jobs, improving living standards and reducing poverty. Important national goals and aspirations depend largely on how developed and sophisticated its infrastructure is. The inability of governments over the years to put critical infrastructure in place has widened the country’s infrastructure gap. Moody’s, a leading rating agency estimated Nigeria’s infrastructure gap at $3 trillion, which experts say is six times the size of its annual GDP. Since 2015, the government of President Muhammadu Buhari has more than tripled the level of the Federal Government’s indebtedness to both local and foreign creditors. To be sure, state governments have also been active in the debt market ostensibly to seek funding for development.

Port harcourtAbuja federal capital territoryAhmad lawanMuhammadu buhariInternational monetary fundInfrastructure company of nigeriaMedium enterprisesNigerian railway modernization project iduWorld bankDebt management officeInternational airportAfrican developmentManagement initiativeNigerian railway modernization project lagosPresidential initiative on infrastructureNigeria sovereign investment authority