Okonjo-Iweala Puts Nigeria’s Infrastructure Spending at $6bn, Wants Faster Processing of PPPs

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala,  has disclosed that  the country's spending on infrastructure currently stands at about $6 billion.

She advocated a  refined and  improved  use of Public Private Partnerships (PPPs) for the  execution of important projects capable of  improving  the economy and delivering  benefits to the citizenry.

The minister said Nigeria requires about $14 billion annually, out of which $10 billion should  come from the federal level, noting that the estimate was not comprehensive.