Home Uncategorized Infrastructure Deficit: Agency boss calls for synergy between investors, industrialists

Infrastructure Deficit: Agency boss calls for synergy between investors, industrialists

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Mrs Gloria Akobundu, National Coordinator, African Union Development Agency-New partnership for Africa’s Development (AUDA-NEPAD), has said that collaboration between investors and industrialists will eliminate infrastructure deficit in the country.

Akobundu disclosed this in a statement by Mr Abolade Ogundimu, Media Assistant to AUDA-NEPAD’ boss, and made available to News Agency of Nigeria (NAN) on Thursday in Abuja.

“We cannot be talking about development without touching on the key component which is infrastructure.

“There is need for investors to collaborate with captains of industries, while we also continue to promote Public Private Partnership (PPP) which will enable us to have adequate infrastructural development needed in Nigeria.

“PPP is a global trend and the results have been impressive in many nations around the world, it does not mean that such government is abandoning its responsibility to its people, rather it’s commitment to rapid infrastructural growth.”

According to her, investment in the energy sector that can lead to stable power supply will not only be rewarding to such investors, but a relieve to both individual and corporate consumers.

Akobundu said the nation’s private sector operators would increase collaboration with genuine investors to complement government’s aggressive approach to infrastructural development in key areas of the economy.

“Buhari-led government has been working assiduously to reduce infrastructural deficit in the country as can be seen in the magnitude of projects ongoing in different sectors including road and standard rail line construction to ease transportation problems.”

Akobundu, however, commended African Development Bank (AfDB) and its collaborators for organising `Nigeria Road Show’ recently in Abuja.

The show, she said was organised for AfDB to meet Nigerian industry and business leaders ahead of the second Africa Investment Forum (AIF), scheduled for Nov. 11 to Nov. 13, in Johannesburg, South Africa.

Akobundu noted that the maiden edition of the programme was regarded a success because most of the deals were secured between industrialists and investors.

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