‘Infrastructure funding deficit to hit $100b

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Nigeria’s infrastructure funding deficit will grow to $100 billion in the next five years, the Infrastructure Concession Regulatory Commission (ICRC), has said.

’ICRC Acting Director-General, Michael Ohiani made this known when he received a delegation from the Nigerian Shippers’ Council (NSC) led by its Executive Secretary, Emmanuel Jime.

We have a funding deficit of about $23 billion per annum, which will translate for instance in the next five years to about $100 billion, it is either we go through the national budget or we focus on the private sector as a means of raising funds.-The Nation

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