Minister of Finance, Zainab Ahmed has stated that the federal government will fund public infrastructures through other viable options aside from budgetary allocations.
Ahmed pointed out that one of the options is the adoption of public-private partnership (PPP).
A PPP allows for a large-scale government projects, such as roads, bridges, or hospitals, to be completed with private funding.
She made this known while speaking during a webinar on financing PPP to boost infrastructural development.
Zainab stated that a review of the federal budgets in the past few years shows that the resources are insufficient to bridge the country’s infrastructure deficit.
She noted that the country would need the sum of $3 trillion over the next 30 years to bridge the infrastructure deficit.