The multi-potent private sector channels for financing infrastructure have been poorly explored by the federal, state and local governments.
…do you agree that the incoming president needs to publicly admit the Federal Government’s inability to meet the enormous physical infrastructure needs of 206 million Nigerians and move swiftly to alter relevant laws and policies to allow ‘appropriately regulated’ participation of the private sector and multilateral organisations, etc.
The multi-potent private sector channels for financing infrastructure have been poorly explored at the federal, state and local government levels. As a matter of fact, the closest tier to 98% of Nigerians – the local government councils – has been rendered almost “legally, geographically, administratively, politically and economically” incapacitated in either direct funding of, or ability to seek private partnerships for infrastructure delivery at that critical level.
Do you agree that states, as well as local governments, must be constitutionally empowered to concurrently forge partnerships for funding basic infrastructure development and not merely sit idly and watch the Federal Government’s ‘Messiah complex’? Consequently, there is need to rejig the predominant legal and policy impediments to large-scale private sector participation and other creative channels in infrastructure provision across the country. From hospitals, schools, housing, power and water provision, to facilities such as roads, rails, airports, seaports, ICT, sports, flood-protection embarkments, oil and gas, tourism and hospitality and telecommunications, our infrastructure profile is extremely poor.
Therefore, do you agree that the incoming president needs to publicly admit the Federal Government’s inability to meet the enormous physical infrastructure needs of 206 million Nigerians and move swiftly to alter relevant laws and policies to allow ‘appropriately regulated’ participation of the private sector and multilateral organisations, etc.
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