Mend the gap: Fixing Nigeria's $300B infrastructure deficit: Chinelo Anohu-Amazu, Director-General, PenCom

Chinelo Anohu-Amazu, Director-General, Nigeria’s National Pension Commission (PenCom)

In Nigeria, pensions and infrastructure development are not often mentioned in the same sentence, but this week as Africa’s finance and pension industry leaders gather in Nigeria for the second edition of the World Pension Summit: Africa Special, the focus will be on how the nation’s growing pool of pension funds can be mobilised to drive sustainable development.

Compared with many of its African peers, Nigeria has relatively advanced infrastructure networks that cover extensive areas of the nation’s territory and, thanks to its strong economy, it is better placed than many of its neighbours to increase the share of fiscal resources going to infrastructure. Yet, according to the African Development Bank (AfDB), the nation’s core stock of infrastructure is estimated at only 20-25 per cent of GDP, compared with 70 per cent for other middle income countries of its size, leaving a gaping infrastructure deficit of $300bn.

Read more: Mend the gap: fixing Nigeria’s $300bn infrastructure deficit | beyondbrics

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