AfDB Holds High-Level Policy Dialogue on Infrastructure and Structural Transformation in Nigeria
July 29, 2013 marked a milestone in the partnership between the Federal Government of Nigeria and the African Development Bank (AfDB). A high-level policy dialogue to move the nation’s transformation agenda forward was organized by the AfDB and bridging Nigeria’s infrastructure gap was at the forefront of the agenda.
The Davos-style dialogue was well attended with broad stakeholder representation from the private sector, academia, government, development partners and civil society. Senior Bank Officials including the Vice-President and Chief Economist, Mthuli Ncube; ORVP Director Janvier Litse and EDRE Director Steve Kayizzi-Mugerwa attended the event hosted by the Bank’s Nigeria Field Office (NGFO). Four serving ministers – the Coordinating Minister of the Economy and Minister of Finance, Ministers for National Planning, Trade and Investment, and Agriculture and Rural Development – participated actively. The Chief Economic Advisor to the President of Nigeria and several top Government Officials were also in attendance.
This unique platform provided an opportunity for the drivers of the Nigerian Transformation Agenda to come together to discuss Structural Transformation and highlights of the Infrastructure Action Plan (IAP) and also to deliberate on the way forward in terms of implementation, financing and sustainability. The IAP highlights that Nigeria would require US $350 billion over 10 years for implementation. The National Integrated Infrastructure Master Plan (NIIMP) presented by the National Planning Commission also indicates that Nigeria would require US $2.9 trillion in the next 30 years to bridge its huge infrastructure gap.