The Speaker of the House of Representatives, Honourable Tajudeen Abbas, has said Nigeria needs to invest about $3 trillion over the next 30 years to close the infrastructure gap in the country.
Abbas stated this during the flag-off ceremony for the construction of the access road from Ring Road 1 by N16 to the Judges’ Quarters.
Represented by the Deputy Speaker, Hon. Benjamin Kalu, he noted that infrastructure development is not just the foundation upon which economies are built but the lifeblood of national progress.
He said, “This is yet another significant stride towards strengthening our urban infrastructure and enhancing the quality of life for the residents of Abuja.
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“Infrastructure development is not just the foundation upon which economies are built; it is the lifeblood of national progress. In a rapidly urbanising world, infrastructure, particularly in urban centres like Abuja, is crucial to fostering sustainable development, enhancing economic growth, and improving the well-being of our citizens.
“The construction of roads, bridges, and other critical infrastructure facilitates the movement of people, goods, and services, which in turn spurs productivity, creates jobs, and improves the living standards of all Nigerians.
However he said “according to recent estimates, Nigeria needs to invest about $3 trillion over the next 30 years to close the infrastructure gap and achieve the level of development required for sustained economic growth.
The road network, power supply, housing, healthcare, and education sectors are some of the areas in urgent need of attention.
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