Osinbajo: Nigeria’s Infrastructure Deficit Not A Problem

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Nigeria's Vice President, Yemi Osinbajo

Nigeria’s infrastructure deficit is not a problem but opportunity for the private sector to exploit and make significant contributions to the Gross Domestic Product (GDP), Nigeria’s Vice President, Yemi Osinbajo said.

Speaking yesterday at a breakfast meeting tagged: ‘Financing Transport Infrastructure: Inland Dry Ports and Truck Transit Parks’ organised by the NSC in Lagos, the Vice President Yemi Osinbajo, represented by his Senior Special Assistant on Infrastructure, Kolade Shofola said the country transport infrastructure possess huge opportunities that everyone should come together to develop a strategy to take advantage of it.

According to him, “We have infrastructural opportunities not a problem in Nigeria. It’s a huge opportunity that everyone should come together to develop a strategy to take advantage of. It is described as crisis but I see it as an opportunity. We have to think about how to grow our roads, TTP and IDP in a way that it is integrated to diversify our economy.”

Besides, the Minister of Transportation, Rotimi Amaechi, who stated that the TTP in eight locations, and another six Inland Container Depots (ICD) were aimed at solving the current chaos in Nigerian ports, said he was optimistic that the N263.10 billion allocated to the ministry in the 2018 budget would sail through at the National Assembly without any reduction.

Also, Nobel Laureate, Prof. Wole Soyinka, decried the attitude of truck drivers and the bad roads that usually caused road crashes and eventual killing of people. Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar Onyeama, stressed the need to exploit the bond market in the quest to raising funds for infrastructure projects.