Jonathan urges private sector participation in nation’s infrastructural development

Date:

By Miriam Humbe

President Goodluck Jonathan has called on the private sector to enter into partnership with government to provide and maintain the country’s infrastructure, assuring that their investments are safe.

The President made the call in an address read on his behalf by the Minister of Works, Arc. Mike Onolememen at the on-going World Engineering Conference on Sustainable Infrastructure (WECSI 2014), in Abuja yesterday.

“The existing public funding sources are not enough to provide the required infrastructure necessary for rapid economic and well being of nations anymore. Consequently, the private sector is being encouraged to enter into partnership with government to provide and maintain infrastructure while a conducive atmosphere is being created to ensure that adequate returns on and protection of investments are guaranteed”, he said.

READ MORE  World Bank: High inflation rate expected to frustrate Nigeria’s economic recovery

While speaking earlier, President of Nigerian Society of Engineers, NSE, Engr. Isaac Olorunfemi who said Nigeria’s infrastructure under the Jonathan administration has witnessed “unparallel transformation,” expressed gratitude to the President for his immense support in hosting the conference.

 

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Wike’s son denies involvement in land deal, says signature was forged

By Vivian Okejeme Justice Silvanus Oriji of the High Court...

Admission: JAMB Gives Lifeline to 2021–2025 Candidates 

The Joint Admissions and Matriculation Board (JAMB) has given...

What N’Assembly Must Do to Make Independence Meaningful to Nigerians — PDP Reps Candidate Okechukwu

By Stanley Onyekwere The Peoples Democratic Party (PDP) candidate for...