The
federal government is to commit $400 million into the Trans-Africa Gas
Pipeline project expected to be completed in 2018, according to Mr.
Ghaji Bello, acting director general, Infrastructure Concession and
Regulatory Commission (ICRC).
Bello said: “As a sign of commitment, the Nigerian government has made a commitment of $400 million in the 2013 budget in order to finance the project up to the next stage. And I think that is why all of us as Nigerians should be proud of that.
“Really, there would be transformation of the economy and once this is done, you will find that the issue of infrastructure will to a high extent be solved.” He added.
He spoke in Abuja at a two- day Technical Workshop on Presidential Infrastructure Champion Initiative (PICI) organised by the New Partnership for Africa’s Development, (NEPAD) with the theme: “PICI: A Panacea for Sustainable Growth and Development in Africa.’
Bello said President Goodluck Jonathan had given his pledge to support the initiative as part of the country’s contribution to Africa’s infrastructure growth.
He said: “Let us also bear in mind that with our population which is put at above 150 million, the Infrastructure Concession and Regulatory Commission (ICRC) of which I’m the Acting Director General has been directed to try and set up funding to move the project forward.
The project, according to Bello, runs through several African countries and is expected to boost the economic activities of the areas and increase intra-Africa regional trade.
Tunji Olagunju, special adviser to the President on NEPAD, said his agency is Africa’s strategy for continental economic integration and sustainable development.
“As a framework, it is anchored on a tripod of principles: African ownership of its development trajectories, partnership between people and governments and between government and private or corporate sector of the economy and the need to use the resources and expertise of Africa’s natural capital for its sustainable development,” he said.
Olagunju added that PICI sought promote a network of regional infrastructure projects in support of economic and market integration which is led by heads of state of African countries.
“Today there is no doubt that infrastructure is critical to economic transformation especially in eliminating poverty in our continent.
NigeriaCommunicationsWeek
Bello said: “As a sign of commitment, the Nigerian government has made a commitment of $400 million in the 2013 budget in order to finance the project up to the next stage. And I think that is why all of us as Nigerians should be proud of that.
“Really, there would be transformation of the economy and once this is done, you will find that the issue of infrastructure will to a high extent be solved.” He added.
He spoke in Abuja at a two- day Technical Workshop on Presidential Infrastructure Champion Initiative (PICI) organised by the New Partnership for Africa’s Development, (NEPAD) with the theme: “PICI: A Panacea for Sustainable Growth and Development in Africa.’
Bello said President Goodluck Jonathan had given his pledge to support the initiative as part of the country’s contribution to Africa’s infrastructure growth.
He said: “Let us also bear in mind that with our population which is put at above 150 million, the Infrastructure Concession and Regulatory Commission (ICRC) of which I’m the Acting Director General has been directed to try and set up funding to move the project forward.
The project, according to Bello, runs through several African countries and is expected to boost the economic activities of the areas and increase intra-Africa regional trade.
Tunji Olagunju, special adviser to the President on NEPAD, said his agency is Africa’s strategy for continental economic integration and sustainable development.
“As a framework, it is anchored on a tripod of principles: African ownership of its development trajectories, partnership between people and governments and between government and private or corporate sector of the economy and the need to use the resources and expertise of Africa’s natural capital for its sustainable development,” he said.
Olagunju added that PICI sought promote a network of regional infrastructure projects in support of economic and market integration which is led by heads of state of African countries.
“Today there is no doubt that infrastructure is critical to economic transformation especially in eliminating poverty in our continent.
NigeriaCommunicationsWeek
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