Govt eyes N298tn five-year private sector investment

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The Federal Government says that in order to attain its National Development Plan and improve Nigeria’s economic outlook, it will require N298.3tn capital investment commitment from the private sector.

It says the total investment needed between 2021 and 2025 is N348tn, but only N49.7tn is expected to come from the government while the rest will come from private sector players in the economy.

A statement from the Presidency said Buhari, who was represented at the opening session by the Chief of Staff, Prof. Ibrahim Gambari, had noted that important strategies were being adopted to improve infrastructure financing in the country. ”To attain the objectives of the National Development Plan , we estimate that we would require an investment commitment of about N348tn. Government capital expenditure during the period will be N49.7tn while the balance of N298.3tn is expected from the Private Sector.

 

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