Infrastructure investment in Nigeria is projected to be a major attraction of foreign direct investment. Compared to many of its African peers, the country has relatively advanced infrastructure networks that cover extensive areas of the nation’s territory.
The new administration of President Muhamad Buhari already made it clear that it would take a huge chunk of its development agenda- some thing investors are now watching closely.
Representatives of Islamic finance institutions are already marketing the concept as an alternative to the conventional finance system, and interest free access to finance seems to be the strongest selling point.
Nigeria would require about $2.9 trillion investment in the next 30 years to close the current infrastructure gap that ranges from roads, electricity generation, health and educational infrastructures.
