'Nigeria Needs PPP To Fund 2600 Inherited Projects Worth N19trn'

BY CHIKA OKEKE, Abuja

In order to close the infrastructure gaps, Nigeria needs to fully embrace Public Private Partnership (PPP) to fund 2600 projects inherited from previous administrations.

The projects worth N19 trillion, are huge to be funded through annual budgets, hence the demand for PPP as the only feasible option.

Minister of State for Works, Barrister Bello Goronyo stated this at a two-day summit organised by the Infrastructure Concession Regulatory Commission (ICRC) in Abuja, with the theme: "Role of Public Private Partnerships in Delivering the Renewed Hope Agenda".

Tagged Nigeria Public-Private Partnership (PPP) Summit 2025, the event attracted policymakers, investors, and industry leaders, who brainstormed on evolving infrastructure landscape in Nigeria and its global implications.

Goronyo made presentation on Highway Development and Management Initiative (HDMI) and various concessions under PPP arrangements like the 227.2km Akwanga-Lafiya -keffi and the recently signed 127km Benin-Asaba.

He emphasised the commitment of President Bola Tinubu’s administration to fix Nigeria's infrastructure deficit, adding that out of over 200,000 kilometers of roads in Nigeria, about 35,000 kilometers are Federal roads.

The minister pointed out that the concessionaires should be open and transparent in their agreement, arguing that the Federal Government cannot mortgage the country in name of PPP by signing agreements that would only favour the concessionaires.

He appreciated Mr President for recognising infrastructure as key driver of economic growth and development.

The summit was an opportunity to highlight how collaborative efforts between the public and private sectors could drive transformative change.

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