Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Nigeria’s infrastructure gap: Too little too late?        

CSL Stockbrokers by CSL Stockbrokers
November 14, 2019
in Business News, Markets, Op-Eds, Research Analysis
Zainab Ahmed, N24.9 trillion debt, FG to borrow N1.7 trillion to finance 2020 budget – Finance Minister , VAT Increment: Afrinvest exposes sharing formula of N479.7b expected revenue , Nigeria’s VAT Increase: Penny-Wise, Pound Foolish, Nigeria spends N1.11 trillion to service debt in half year 2019 , Nigeria needs $100 billion annually to fix infrastructural deficit – Finance Minister , Oil: Nigeria makes N5.4 trillion in 1 year , FG secures World Bank’s approval to borrow $3 billion , debt, FG to develop new economic development plan Vision 2040 , Nigeria’s infrastructure gap: Too little too late? , Again, Finance Minister argues that Nigeria is not in debt distress , FG defends $22.7 billion new loans from World Bank, others  , Finance Minister wants investors to curb Nigeria’s medical tourism through health investment
Share on FacebookShare on TwitterShare on Linkedin

Recently, the Minister of Finance and Budget & National Planning, Mrs Zainab Ahmed disclosed that the sum of N650 billion had been released for capital projects in 2019, adding that the finance ministry plans to release up to N900 billion for capital projects by the end of 2019.

Furthermore, she stated that Ministry of Works & Housing, Ministry of Power and Ministry of Transportation have been the biggest beneficiaries of the funds released this year.

Juxtaposing the capital release announced by the minister with the budgeted sum for 2019 (N2.93 trillion), this translates to a performance ratio of 22% while the projected spending of N900 billion by year-end stands at 31% of budgeted spend.

RelatedPosts

Lai Mohammed says he will clarify FG’s position on fuel subsidy removal

FEC approves $1.9 billion to boost Nigeria’s power supply to 7,000MW

We also note that if the ministry successfully releases its projected sum, it would represent the highest capital spend in 3 years and 9.7% y/y increase over CAPEX spending in 2018.

Nigeria’s huge infrastructural deficit remains a topical discourse and poses a major hindrance to the growth of businesses and economic prosperity. From poor port infrastructure, dilapidated transport networks, epileptic power supply, huge housing deficit, Nigeria’s infrastructure gap cannot be overemphasized.

News continues after this ad


[READ MORE: Nigeria’s business environment; Survival of the fittest]

Recently, the Minister of Finance stated Nigeria needs an estimated N36 trillion annually for the next 30 years to solve Nigeria’s infrastructure problem. Clearly, the sum spent by the government annually on capital projects is significantly short of the sum needed to tackle Nigeria’s infrastructure problems.

News continues after this ad


______________________________________________________________________

CSL STOCKBROKERS LIMITED CSL Stockbrokers,

Member of the Nigerian Stock Exchange,

First City Plaza, 44 Marina,

PO Box 9117,

Lagos State,

NIGERIA.

Related

Tags: Mrs Zainab AhmedNigeria’s infrastructure deficit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Sell-offs from MTN causes market to dip by N125 billion
    • Crypto-mixing service, Tornado Cash, blacklisted in the United States 
    • Buhari approves acquisition of Exxon Mobil shares by Seplat Energy

    Follow us on social media:

    Recent News

    Weekly Stock Update: Nigerian local bourse’s ASI depreciates by 0.22% w-o-w

    Sell-offs from MTN causes market to dip by N125 billion

    August 8, 2022
    Crypto-mixing service, Tornado Cash, blacklisted in the United States 

    Crypto-mixing service, Tornado Cash, blacklisted in the United States 

    August 8, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com