Ewalefoh: Nigeria Needs $100bn Annually to Close $2.3 Trillion Infrastructure Gap, Unveils Contract Template for PPP Concession

Dr. Jobson Ewalefoh, head of Nigeria's Infrastructure Concession Regulatory Commission, revealed that the nation needs to invest $100 billion each year to fill a massive $2.3 trillion infrastructure gap. This announcement comes with a new contract template aimed at encouraging Public-Private Partnerships (PPP) to boost development projects. The scale of the funding requirement highlights the urgent need for innovative financing strategies to address the country's vast infrastructural deficiencies, which are critical to economic growth and improving living standards.