Nigeria Needs $35bn Yearly For Infrastructure Expenditure- FG

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The Presidency on Tuesday, said a total of $35bn is needed yearly, to cover the country’s infrastructure expenditure for the next 16 years.

This was revealed on Tuesday in a statement titled ‘WHAT THE RENEWED HOPE  INFRASTRUCTURE FUND MEANS’ by the Special Adviser to the President on Information & Strategy, Bayo Onanuga.

According to the statement, the funds, $35bn yearly, will cover infrastructure expenditure from 2024 up till 2040.

The statement also explained the nitty-gritty behind President Bola Tinubu’s Renewed Hope Infrastructure Funds.