The Director General of Bureau of Public Enterprises (BPE), Mr Alex A. Okoh, has said that Nigeria needs to invest more than $3 trillion in the next 30 years and an average of $100 billion annually for the next 6 years to be able to fix its infrastructure gab.
The BPE boss explained that the country’s infrastructure gap is huge, saying that the next phase of the Reform and Privatisation Programme of the Federal Government would focus on Public Private Partnerships (PPPs) with a view to correcting the infrastructural deficit in the country.
Head, Public Communications of the agency, Amina Tukur Othman, stated on Wednesday that the Director General made the remarks when he received a delegation from the World Bank led by the Senior Economist (Economics and Private Sector Development), Mr. Volker Treichel to the Bureau in Abuja.
Okoh, who was represented by the Director, Infrastructure and Public Private Partnership Department of the Bureau, Mallam Sanusi Sule, said that the new phase targets reforms mostly in the utility and infrastructure sectors which include: water resources; railways; airports and highways.
He stated that the need for refocusing on PPP was borne out of the increasing budgetary constraints to fund the development of new infrastructure and effectively maintain existing ones; deteriorating infrastructure (dilapidated roads, schools, hospitals etc); higher public expectations in terms of efficiency and effectiveness of infrastructure service delivery.
“Nigeria’s infrastructure stock is too low for any meaningful development and the public sector cannot afford to provide the resources required to bridge the huge infrastructural gap,” he said.
He added that the most feasible option is to attract private sector investments and the Bureau is working assiduously with key stakeholders to come up with a robust framework and process for implementing and managing PPPs in the country.
Leader of the delegation, Mr. Volker Treichel said thag the visit was part of the World Bank private sector diagnostic assessment of the Public sector in Nigeria.
He added that the Bank was also looking for opportunities to provide short term assistance to the Bureau in the next three years.


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