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NEC unfolds 30-year infrastructure master plan (The Guardian, July 24, 2014)

NEC unfolds 30-year infrastructure master plan (The Guardian, July 24, 2014)

THE National Economic Council (NEC), Tuesday rose from its meeting with the consideration of the final draft of the National Infrastructure Master Plan (NIMP) that would speedily address basic infrastructure challenges in the country.

The plan, if approved by the Federal Executive Council (FEC) is expected to be implemented for a period spanning 30 years.

The Minister of State for Works and Coordinating Minister of National Planning, Bashir Yuguda, said the programme was a blue print for accelerated development in the country within the next 30 years, based on the need to raise infrastructure stock as a percentage of GDP from current 35 per cent to a minimum of 70 per cent.

He added that the preparation of the document was initiated by the government in September, last year.

In a joint press briefing of State House correspondents after the meeting, the minister, who was flanked by Governors Gabriel Suswan of Benue and Ibrahim Dankest of Gombe States, said NEC members urged state governments to set up committees in order to make vital inputs necessary to improve the document for final approval.

 

He added that the council noted that Nigeria’s core infrastructure level was significantly below the target benchmark level and identified the required investments to improve infrastructure in line with the country’s growth aspirations.

“It is also provided for short term and medium term priorities to guide project selection with the first term covering five years”.

According to the minister, projects such as the rehabilitation of major cross national transport links (road and rail), improvement of cross modal connectivity links, upgrading of major airports and improvement of urban transportation have been captured in the plan.

The plan, he said, also include the continued privatisation and upgrading of power assets and implementation of key gas pipeline infrastructure projects, as well as development of stable crop processing zone; expansion of broadband connectivity; development of public health facilities and diagnostic centres; development of priority minerals, including iron ore and coal; upgrading of primary secondary and tertiary education facilities; rehabilitation of security facilities and infrastructure; and the ongoing development of mortgage markets in the country.

NEC directed the National Planning Commission and the states’ planning and finance ministries to review the document in line with comments and observations from the governors as well as reflect the actual required funding in view if the value of the rebased economy
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