The Nigerian economy has recorded strong growth in the last decade due partly to sustained reforms and integration into the global economy. As it is widely acknowledged, the country is on the right path to sustained growth. This strong growth is making our economy more prosperous and globally competitive as we work assiduously to translate it into improved living condition for the citizenry.
However, our weak infrastructure base has stunted growth and reduced opportunities for job and wealth creation. With our rapidly growing population and urbanization, the demand for infrastructural facilities is outpacing supply. This state of affairs necessitated the development of the National Integrated Infrastructure Master Plan (NIIMP), which is a policy document for accelerated infrastructure development. This is consistent with the focus of this Administration and a strong indication of our commitment to transform the Nigerian economy.
The NIIMP sets out our aspiration of raising Nigeria’s infrastructure stock from the current 20-25% of the GDP to at least 70% by 2043 and ensuring delivery of quality and affordable infrastructural services. It provides good estimates of investment requirements for actualizing this aspiration. In line with the global trend, governments at all levels are expected to upscale investment across all infrastructure asset classes and regions, and provide an enabling environment for private sector participation. The NIIMP identifies outlines measures to be taken in the short to medium term in this regard.
I commend the National Planning Commission for formulating this policy document. I urge all the stakeholders associated with its implementation to actively work with the Commission to ensure the NIIMP has maximum impact on the economy and people.
I am, therefore, privileged to present the NIIMP to the Nigerian public and, indeed, the world. I believe that its implementation over the next 30 years will transform our economy and drastically change the fortunes of our citizens. I have no doubt that with the NIIMP the country is on a predictable and irreversible path to collective prosperity.
Dr Goodluck Ebele Jonathan, GCFR
President, Federal Republic of Nigeria