Nigeria pursues investors at IMF as $2.3trn infrastructure deficit widens

Nigeria faces a $2.3 trillion infrastructure gap that must be filled with about $100 billion a year for the next 23 years, a shortfall that is throttling the nation’s economic growth. Officials are courting investors through the IMF to mobilize the funding needed to upgrade roads,

Nigeria’s infrastructure deficit requires an estimated $2.3 trillion investment between 2020 and 2043, according to data from the Africa Infrastructure Development Index, a situation that has constrained economic growth across the country, according to experts. To survive the deficit, the country must commit about $100 billion annually over the next 23 years to bridge the […] Nigeria pursues investors at IMF as $2.3trn infrastructure deficit widens