Infrastructure Master Plan’s First Phase to Gulp N166bn 

The Federal Government on Monday said the first phase of the implementation of the National Integrated Master Plan, covering 2014 to 2018, would gulp the sum of N166 billion.
A statement from the Ministry of National Planning quoted the Minister and Deputy Chairman, National Planning Commission, Dr. Abubakar Sulaiman, as stating this in Abuja while featuring on a television programme. The minister, in the statement signed by his Special Assistant (Media), AbdulRahman AbdulRauf, said the private sector would provide 48% funding for the project, which amounts to N79.68bn, while the public sector would finance the balance of N86.72 billion. The Federal Executive Council had last week ratified the NIMP 2014-2043 following its adoption by the National Economic Council two weeks earlier. The NIMP focuses on core infrastructure, including energy (power and oil and gas), transport (roads, rail, ports and airports), housing, water and Information and Communication Technology. Other infrastructure classes include agriculture, mining, social infrastructure, vital registration and security. It is also designed to raise the nation’s stock of infrastructure from the current 35 percent to 40 percent of Gross Domestic Product to 70 perrcent by 2043. Sulaiman, who reiterated the Federal Government’s commitment to the initiative, gave an assurance that for now, it was a policy document to be made sustainable by the administration.

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