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From Blueprint to Reality: Action Plan for Nigeria’s Sustainable Infrastructure Future

Business1 min read
From Blueprint to Reality: Action Plan for Nigeria’s Sustainable Infrastructure Future

Nigeria is facing a $3 trillion infrastructure deficit over the next 30 years, hindering economic growth and progress towards Sustainable Development Goals. To address this, an action plan has been proposed to translate Nigeria's infrastructure ambitions into reality.

The plan focuses on three pillars: institutional reform, mobilizing innovative finance, and integrating climate and biodiversity considerations. Key initiatives include strengthening institutions, enhancing regulatory quality and capacity, mobilizing diverse financing tools, and integrating climate risk screening into project planning.

The plan also emphasizes the need to unlock domestic pension funds, issue green bonds, and develop a national green infrastructure strategy. By prioritizing sustainability and effective governance, Nigeria aims to attract investments and build a resilient infrastructure for the future.

Plus234Feed summary based on reporting from This Day. Read the original report below.

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