Sunday, July 21, 2024
25.2 C

Nigeria’s Infrastructure Agenda Encompasses Roads, Rail, Aviation, Ports, Energy, Digital- Lazarus Angbazo 

In the heart of New Delhi, India, Dr. Lazarus Angbazo, the Chief Executive Officer and Managing Director of the Infrastructure Corporation of Nigeria, passionately made the case that Nigeria, with its status as the largest economy in Africa, its youthful and educated population, abundant natural resources, and strategically advantageous geographical location, offers a wealth of investment opportunities for Indian businesses, especially in the field of infrastructure.
Addressing multiple panels during the Nigeria-India Presidential Roundtable and Conference on September 6, 2023, Dr. Angbazo did not doubt Nigeria’s readiness for investment, declaring, “Nigeria is fully open for business, now more than in the past decade.” His words resonated through the grand hall, captivating dignitaries, politicians, and business leaders alike.
Angbazo emphasised the rapid economic reforms undertaken by President Bola Ahmed Tinubu’s administration within weeks of taking office. These reforms, which include removing fuel subsidies, harmonizing foreign exchange rates, and commercialising critical sectors, signal a transformative shift in Nigeria’s economic landscape, opening doors to faster growth and opportunities for international investors.
His speech was more than just statistics and policies; it conveyed a message of hope and promise for the future of both nations. Angbazo stressed that President Tinubu’s focus on infrastructure development, spanning roads, rail, aviation, ports, energy, digital, and social infrastructure, aims to boost domestic economic growth and enhance the overall business environment, creating a fertile ground for foreign investment.
The CEO highlighted specific investment prospects within Nigeria, particularly in agriculture, manufacturing, mining, and the power value chain. As he enumerated these opportunities, the audience nodded in agreement, recognizing the immense potential for partnership and growth.
Angbazo’s limited time didn’t allow him to delve deeper into various opportunities spanning various sectors. Still, his message was clear: Nigeria and India share tremendous investment synergies, and the time for collaboration has never been more opportune.
Concluding his speech, Angbazo turned the spotlight on The Infrastructure Corporation of Nigeria (InfraCorp), the nation’s pivotal entity for mobilising private capital investment in public infrastructure. He underscored InfraCorp’s role in developing bankable and attractive infrastructure projects, emphasizing the importance of public-private partnerships.
In his closing remarks, Angbazo painted a compelling picture of the shared legacies, common languages, and the vast potential awaiting India and Nigeria. He cited Nigeria’s young and educated population, growing middle class, abundant natural resources, strategic geographical location, commitment to economic reform, and deep-rooted friendship with India as reasons for continued partnership and investment.
Angbazo’s words ignited a spark of enthusiasm and optimism in the hearts of all those in attendance, reminding them that together, India and Nigeria could achieve remarkable feats in infrastructure development and beyond.


Hot this week

Stanbic IBTC Bank Partners Lagos State on Water, Sanitation Infrastructure Funding Summit

Stanbic IBTC Bank, one of Nigeria’s leading financial institutions,...

Stanbic IBTC Launches Ambitious Tree-Planting Campaign in Cross Rivers State

Stanbic IBTC Holdings, in collaboration with One Tree Planted...

PalmPay Named Among Top 250 Fintech Companies in the World by CNBC, Statista

PalmPay, a leading Africa-focused fintech platform, has been included...

AIICO’s Annuity Customers Attest to Financial Stability, Payout Hits N1.3bn Monthly 

AIICO Insurance Plc, a leading insurer in Nigeria, today...

WORLD PR DAY: APRA Advocates Ethical, Responsible Use of AI

The African Public Relations Association (APRA) has called on...


Wala Awarded 2018 Zambezi Prize for Innovation in Financial Inclusion

The Legatum Center for Development and Entrepreneurship at the Massachusetts...

NCC Holds Valedictory Session for Retiring Staff, Osmund Omulu

L-R: Dr Ikechukwu Adinde, Director, Public Affairs, Nigerian Communications...

AfDB Commits $9m for Agricultural Finance in Nigeria

The African Development Bank has approved a $9 million...

Access Bank Partners Konga to Offer Free Deliveries, 10% Discount at Yuletide

Access Bank Plc has partnered with Konga to unveil...

BPE Privatises 142 Firms Since Inception

The Bureau of Public Enterprises (BPE) has privatized 142...

Infrastructure Commission Unveils PPP Contracts Disclosure Portal

In line with the federal government’s drive to ensure...

Why 2023 Population Census Must Be Postponed  

By Michael Owhoko, Ph.D Without prejudice to extent of preparations,...

Building a Legacy – A Lot on My Table

By Nonso Okpala “You have less than 100 years to...

Related Articles

Popular Categories