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igeria needs
N464tr for infrastructure development over the next 30 years. N20. 3tr would be
required in the next 5 years. This translates to an annual investment average
of N4tr from 2014-2018 - Shamsudeen Usman, former Minister of National
Planning.
This is a far cry from the N1.6tr that government usually averages on
infrastructure. However in the N4.6tr 2014 budget [not yet passed], N1.1tr is
earmarked for capital expenditure which includes infrastructure development.
N2.43tr is earmarked for recurrent expenditure
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