Infrastructure acquisition in bits and pieces - Punch Newspapers

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Once again the unsavoury economic news was received in Nigeria. Last time it was that 133 million Nigerians lived in multidimensional poverty

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Nigeria used to be part of the emerging and rising Africa, the new economic frontier. It became the largest economy in Africa and was destined to be one of 20 largest economies in the world by 2020. Nigerians were the happiest people in the world for some years, but I doubt we are still the happiest people as our youths cannot wait to leave the country.

Some have received the World Bank’s position negatively, feeling that 300 years is an exaggeration. A friend wrote, “The World Bank thesis is self-serving and paternalistic……serving the interest of the United States.” Others submit that the objective of the World Bank with the statement is to create a wedge between Nigeria and infrastructure-providing China; thus creating the opportunity for the US to step back in.

For the last 20 years, we have been stuck at delivering 5,000 megawatts of power to Nigerians, averaging 250 megawatts per year. Conservatively, Nigerians need 60,000 megawatts, being Africa’s largest economy. At the current rate, that makes it 240 years to deliver power for today’s national needs, pretty close to the World Bank calculations.

 

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Amen in Jesus my brother unlike me but I pray one me self go win run from brokeness I play 1h 2h 5h yet nothing I no sabi book that's why please I need you help ooo

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