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Infrastructure gap remains a critical bottleneck that continues to undermine Nigeria’s economic potential. Nigeria has failed over the years to invest in its critical infrastructures while the few available ones are in a deplorable state as a result of the poor maintenance culture and the age-long corruption in the country. S/Court affirms 6-year jail, N22.9bn […] ....
In 2021, President Muhammadu Buhari had given approval for the establishment of the N15 trillion Infrastructure Company (Infraco Plc), a world-class infrastructure development vehicle wholly focused on Nigeria. The N15tr Infrastructure Company Limited (InfraCo), is designed to bridge the nation’s huge infrastructure gap. Investors in the N15tr InfraCo include the CBN, Nigeria Sovereign Investment Authority […] ....
• Emefiele Promises To Engage FG, LASG ·• Tolaram Benefits N100b From CBN’s Intervention The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, hinted, yesterday, that he would engage Lagos and Federal governments on the possibility of allowing Infrastructural Corporation of Nigeria Plc (INFRACO) to take over Lagos Free Zone (LFZ) access roads. Emefiele […] ....
Like many sub-Saharan African countries, Nigeria has a huge infrastructure deficit, a challenge that is often blamed for its poor economic performance and low job-creating capacity. ....
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Nigeria’s non-oil revenue grew to N1.15 trillion, representing 15.7 per cent above target rate in response to Federal Government’s efforts at diversifying the nation’s economy. | Pulse Nigeria ....