Nigeria needs US$93b for infrastructure development

between 2001 and 2009, although the annual investment in infrastructure in Africa had doubled from US$17 billion to US$35 billion ,” he told his audience.
Shonekan said 40 percent of the amount would go to the power sector, while 20 percent would go into the transport sector.
He said the existence of an annual infrastructure investment gap of US$31 billion, would offer huge opportunities to interested investors in African infrastructure. – Xinhua.

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