- Tinubu Seeks Global Investors to Close $2.3 Trillion Infrastructure Gap
- Tinubu emphasized the importance of providing basic infrastructure to Nigerians
- Tinubu noted that his administration has implemented bold economic reforms
President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to closing the country’s $2.3 trillion infrastructure gap through public-private partnerships (PPP), Eko Hot Blog reports.
Speaking at the Nigeria 2025 Public-Private Partnership Summit in Abuja, Tinubu emphasized the importance of providing basic infrastructure to Nigerians, such as power, roads, health facilities, and quality schools, while also acknowledging the need to update the nation’s infrastructure to meet 21st-century demands.
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The summit, organized by the Infrastructure Concession Regulatory Commission (ICRC), aimed to bring together stakeholders from both the public and private sectors to collaborate on reducing Nigeria’s infrastructure deficit.
In his address, Tinubu, represented by Vice President Kashim Shettima, made it clear that Nigeria is ready and open for business, inviting the global investment community to participate in the nation’s development.
He said, “We are not seeking investors to carry burdens; we are opening opportunities to create value,” the vice president stated. “We want long-term partners ready to bridge our infrastructure gap with purpose, precision, and integrity.”
He noted that his administration has implemented bold economic reforms over the past two years, including the removal of fuel subsidies, the liberalization of the foreign exchange market, and the optimization of government revenue.
“We have strengthened the ICRC, streamlined bureaucratic bottlenecks, and aligned our infrastructure processes with global best practices,” he said. “But policies alone don’t generate megawatts or build roads; what we need is collective action.”
Tinubu also outlined his administration’s ambitious plan to boost Nigeria’s infrastructure which he said is guided by the National Integrated Infrastructure Master Plan by increasing the country’s infrastructure stock from its current 30-35% of GDP to a target of 70% by 2043,
The President highlighted Nigeria’s vast market potential, noting that the country’s population of over 230 million people is projected to grow to 440 million by 2050, making it the world’s third most populous nation.
“One out of every four Black people is a Nigerian. There is no African market like this,” Shettima said. “But beyond investment, we need innovation, efficiency, and integrity.”
He called on the global investment community not to be deterred by perceived risks but to recognise the immense opportunities to build sustainable projects that deliver real impact, from roads and power to clean water, quality education, and healthcare.
“Let this summit not be remembered for kind speeches—we’ve had those for decades—but for bankable projects, signed deals, and enduring progress,” he said.
Reaffirming the administration’s commitment to swift implementation, Tinubu pledged that viable projects would be fast-tracked and that coordination across ministries and agencies would be ensured.
He said, “Nigeria has turned the corner. We have crossed the Rubicon. We are on a path to sustained peace and development. We are ready, and we are open for business.”
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