Elumelu urges FG to address $14bn infrastructure deficit in Nigeria


The Chairman, Heirs Holdings Limited, Mr. Tony Elumelu, called on the Federal Government to speedily address the $14bn annual infrastructure deficit in the country, stating that it was the single greatest impediment to business.

He stated that the infrastructure challenge had become a source for concern as the country was in need of critical transportation system such as roads and railways, which facilitate businesses.

Elumelu added that a country without efficient, affordable and accessible transport systems to facilitate the movement of people and goods from one place to the other would have difficulties attracting investors.

He stated that the gap in infrastructure had provided discerning investors with huge opportunities to partner the government in addressing the deficit.

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).


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