By Mariam Abeeb
The Vice President of the Nigeria Infrastructure Fund at the Nigeria Sovereign Investment Authority, NSIA, Abraham Durosawo, said that the country required an annual investment of 100 billion dollars to 150 billion dollars to close its current infrastructure deficit.
Mr Durosawo, who was represented by NSIA Managing Director/CEO Aminu Umar-Sadiq, speaking with pressmen in Abuja, he said that diversified village approach to infrastructure financing was essential for the country to achieve its ambition.
He said that the NSIA continued to play a pivotal role through the Presidential Infrastructure Development Fund, PIDF, ensuring that projects are executed to international standards.
He called for a shift in public perception regarding how projects are funded.
Mr Durosawo said that the “universe of infrastructure” in the country was currently powered by several distinct layers:
He said that the PIDF was managed by the NSIA in conjunction with the Federal Government.
According to him, a comprehensive review of the national infrastructure strategy was ongoing to ensure that future implementations are both sustainable and efficient.
Addressing concerns regarding the status of certain road projects from previous administrations, Durosawo clarified that while some projects were subject to review due to fund control factors and policy updates, the ultimate goal remains value creation for the Nigerian people.
He reiterated NSIA’s commitment to renewable energy through its strategic partnership with the Rural Electrification Agency, REA.
”The core role we play is acting as a catalyst to attract capital,” he said.
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