Infrastructure Concession Regulatory Commission says Nigeria requires $100 billion to provide quality infrastructure in the next six years.
The acting Director General, ICRC, Chidi Izuwa disclosed that about $60 billion would be required for the oil and gas sector, $20 billion to revamp the power sector, $14 billion for road; and between $8 and $17 billion for rail tracks.
Izuwa noted that Nigeria ranks poor in domestic savings, investments and government spending compared to some of neighbours.
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According to him, Nigeria’s huge gap in infrastructure has diminished economic growth and competitiveness.
