Minister of Finance, Dr. Ngozi Okonjo-Iweala, who disclosed this yesterday at the opening session of the Africa Regional Public-Private Partnership (PPP) Conference in Lagos, said the funds would be used to upgrade roads, fix bridges, channeled to the energy sector, the ports, hospitals and schools. The Information Technology sector also needs more investment among others, to create jobs and attract foreign direct investment.
Okonjo-Iweala, who was represented by Minister of State for Finance, Dr. Yerimas Lawan Ngama, said the budget alone cannot finance these projects and, therefore, called for Public- Private Partnership (PPP). “We need cheaper capital to support our growth. We expect such funds to come through PPP,” she said. The Finance Minister said the construction of the Second Niger bridge, Lagos-Ibadan Expressway, the Abuja International Airport and the Benin-Shagamu Expressway top government’s priority list in infrastructure
Okonjo-Iweala, who was represented by Minister of State for Finance, Dr. Yerimas Lawan Ngama, said the budget alone cannot finance these projects and, therefore, called for Public- Private Partnership (PPP). “We need cheaper capital to support our growth. We expect such funds to come through PPP,” she said. The Finance Minister said the construction of the Second Niger bridge, Lagos-Ibadan Expressway, the Abuja International Airport and the Benin-Shagamu Expressway top government’s priority list in infrastructure
