Presenting the Draft National Intergrated Infrastructure Master Plan at a validation workshop for the masterplan in Calabar, the Cross River State capital, Usman said N480 trillion ($2.9trillion) is required to close Nigeria’s infrastructural gap over the next 30 years.
Usman who spoke through the Director of Infrastructure in the commission, Olugbenga Adigu, said in the short term, transport and energy should be prioritised as asset classes with the largest immediate economic benefit.
Nigeria, he said should be able to export electricity to other Economic Community of West African States (ECOWAS) countries by 2043 among other sectorial goals, he projected.
Secretary of the Commission, Mr Fidelis Ugbo, said in view of the country’s huge infrastructure gap which has slowed down development it became imperative for the Federal Government to respond by initiating the process for the development of the masterplan.
He said the masterplan is a 30-year plan for accelerating infrastructure development in Nigeria.