Nigeria needs N298tn five-year private sector investment – Buhari

The Federal Government says that in order to attain its National Development Plan and improve Nigeria’s economic outlook, it will require N298.3tn capital investment commitment from the private sector.

President Muhammad Buhari made this known while speaking at the Nigeria International Economic Partnership Forum held on the margins of the 77th UN General Assembly in New York.

A statement from the Presidency said Buhari, who was represented at the opening session by the Chief of Staff, Prof. Ibrahim Gambari, had noted that important strategies were being adopted to improve infrastructure financing in the country.

He said, the strategy aimed at identifying ways to expand the financing envelope of the Sustainable Development Goals in Nigeria, and improve the nation’s economic and development outlook, such as Nigeria’s National Development Plan (2021 – 2025) and the Presidential Power Initiative.