The Federal Government (FG) has established a national council to aid in the implementation of infrastructure projects throughout the country.
According to a statement issued by Laolu Akande, the vice-spokesman, president’s the inauguration took place on Tuesday in Abuja.
Vice President Yemi Osinbajo said that President Muhammadu Buhari established the national council on infrastructure.
“For efficient and effective implementation of infrastructure projects, the national integrated infrastructure master plan (NIIMP) recommended the establishment of the national council on infrastructure and its technical working group (TWG),” the statement quoted him as saying.
Osinbajo said collaboration between the federal government and the private sector would ensure effective coordination of infrastructure development across the nation.
He added that such collaboration would also bridge the nation’s infrastructure gaps.
According to him, the federal government’s national integrated infrastructure master plan (NIIMP) was developed to provide an integrated view of infrastructure development in Nigeria with clear linkages across key sectors and to identify enablers for successful implementation in line with the current economic realities.
“The NIIMP takes stock of existing infrastructure and specifically sets out the goal of raising Nigeria’s infrastructure stock to at least 70 percent by the year 2043,” he said.
“The success of the NIIMP will depend, to a large extent, on the establishment of a strong implementation mechanism and framework that promotes performance and accountability.
“The national council on infrastructure is to provide policy direction on infrastructure matters and drive the creation and sustenance of the expected synergy and linkages between the public and the private sector to enhance the implementation of the infrastructure master plan.”
Osinbajo stated that the technical working group would advise the council on all infrastructure-related issues.
Despite the country’s infrastructure deficit, he said, the current administration has made deliberate and massive investments in road, rail, and power infrastructure for rapid economic development.
According to him, a key component of the federal government’s plan for rapid economic development is a deliberate and massive investment in infrastructure.
“They include the second Niger Bridge, the Lagos-Ibadan expressway, the Abuja-Kaduna-Kano Road (funded through the presidential infrastructure development fund); the construction and upgrading of about 5,000 km of major road projects across the country through the Sukuk bond,” he said.
“Rail sector investments include the Lagos-Kano standard gauge lines, and the Warri-Itakpe rail.
“In the energy sector, this administration has greenlit NLNG Train 7, invested in the Ajaokuta-Kaduna-Kano (AKK) pipeline, and is on track to complete an incremental 4,000MW of generating assets such as Zungeru Hydro and Kashimbilla Hydro to complement systemic reforms and investments in the distribution and transmission segments of the electricity value chain.
“The administration is investing more than $2 billion in distribution and transmission through the Siemens presidential power initiative, the transmission, rehabilitation and expansion plan, the CBN-financed transmission-distribution interface programme, and the recently approved $500 million World Bank DISREP programme for the distribution segment,” he said.
The vice president also mentioned the federal government’s ₦15 trillion Infrastructure Corporation (InfraCorp Nigeria) in 2021, as well as the reviewed national integrated infrastructure master plan (2020-2043) and the national development plan 2021-2025.
According to Osinbajo, the estimated resource requirement of $2.3 trillion for the implementation of the national integrated infrastructure master plan is excessive.
He stated that harnessing private resources to increase the stock of Nigeria’s infrastructure to the desired level by 2043 would necessitate a well-coordinated and strategic approach.
