Acting secretary, National Planning Commission, Bassey Akpanyung has called on federal ministries department and agencies to identify priority projects that could be packaged and marketed to the private sector for investment.
Mr Akpanyung, who was represented by the NPC director of Administration, Mr Chris Ezeilo, gave the call at a technical workshop organised by the NPC for infrastructure heavy federal MDAs yesterday in Abuja.
The workshop was organised for the MDAs to work out strategies, identify priority projects and attract private sector investments to deliver on some key priority projects in the National Integrated Infrastructure Master Plan, NIIMP, first operational plan.
“We converged on this workshop to fine-tune the list of priority projects in the NIIMP. We will together identify priority projects that can be packaged and marketed to the private sector for investment. This has become necessary in view of the stark reality we are faced with in the public sector, for government cannot single-handedly provide infrastructure,” he stated.
He explained that the dwindling revenues the government was experiencing had further accentuate this challenge, pointing that the investment outlay for the first five years implementation of the NIIMP which is over USD 166 billion was quite huge.
He said the arrangement was for the federal government and states to provide USD86 billion while the private sector is to invest the remaining USD80 billion and other funding options for the NIIMP is said to be analysis of government revenues through budgetary allocation at USD31 billion while USD76 billion would be generated through various kinds of loans and an additional USD20 – USD25 billion was expected to be investment through public private partnership arrangements.
He said to achieve these, templates had been developed for each MDA to provide the relevant information required in order to facilitate the process of packaging those projects that are bankable as contained in the first 5 years operational plan.


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