Developing Power and Infrastructure in Nigeria: Strategies for Successful Reform
H.E. Babatunde Raji Fashola, Minister for Power, Works and Housing, Federal Republic of Nigeria
The cost of Nigeria’s infrastructure deficit to its development outcomes, business environment and economic growth is significant. For years, efforts to improve Nigeria’s civil infrastructure have been thwarted by corruption, inefficiency and a lack of funding, and in the case of power supply, by an aging distribution network and lacking gas supply. In March 2016, power generation peaked at around 5,000mw, before it declined significantly to around 1,000mw-2,500mw a day, far below the estimated 170,000-180,000mw required. Government reform that has privatized generation and distribution aims to improve the performance of the sector, which relies on commercially viable projects and tariff payments, increased earlier this year. Much of the country’s transport infrastructure is also in a state of disrepair and is a significant impediment to internal and regional trade.
At this event, Minister for Power, Works and Housing for the Federal Republic of Nigeria, H.E. Babatunde Raji Fashola, will discuss the country’s urgent infrastructure needs, his reform priorities and challenges to implementation. He will outline the government’s ‘Roadmap for Change’ and discuss the roles of the public and private sectors in supporting the transformation of Nigeria’s infrastructure.