SOURCE: Bradford Associates

March 12, 2015 13:24 ET

Bradford Associates: President Goodluck Jonathan's Administration Makes Huge Strides in Modernizing Nigerian Air, Road and Rail Infrastructure

NEW YORK, NY--(Marketwired - Mar 12, 2015) - Bradford Associates reports that the administration of President Goodluck Jonathan has achieved major gains in improving the state of the infrastructure which serves the regional powerhouse that is the Nigerian economy during the past five years.

On taking office in 2010 following the tragic passing of President Umaru Musa Yar'Adua, Goodluck made a priority of seeking to improve the road and rail infrastructure not only to prevent accidents and reduce the level of fatalities but also to aid commerce.

Nigeria possesses a rail network of some 2,200 miles (3,500 km), a road network spanning 67,000 miles (108,000 km) serving a population of approximately 174 million citizens. This compares with America's Amtrak rail network (22,000 miles) and road system (4,100,000 miles) for a population of some 320,000,000. Despite these disparities with the United States, Nigeria possesses the largest infrastructure in West Africa and is ranked second in Sub-Saharan Africa.

Within the first two years in office the Goodluck Administration launched a series of initiatives aimed at improving the quality of infrastructure country-wide. This is an important goal as World Bank research identified that the value to Nigeria of raising its infrastructure quality to match that of continental leader Mauritius would likely add as much as 4.0% to GDP.

Major strides have been made in the area of aviation with Nigeria upgrading and enhancing key airports for both passenger and cargo activity in keeping with the President's focus on "sure and steady improvements". Notable achievements have been the building of new terminals in several airports and having four international airports nationally alongside some twenty-two in total. Global accounting firm PricewaterhouseCoopers noted in a recent report that Nigeria's air infrastructure is, "second only to South Africa in Sub-Saharan Africa." 1

One of the key achievements of President Goodluck Jonathan's administration is the creation of the Nigeria Sovereign Investment Authority or NSIA. Created to reinvest for the future some of the benefits of the energy business for the broader benefit of society in 2011, the NSIA has invested some $400 million alone in infrastructure related projects across the country. In narrowing down to the focus sectors for the Five-Year Plan, Management consulted with relevant sector experts, regulatory agencies, strategic partners, Ministries, Departments and Agencies. 2

Despite the recent fall in energy prices it is clear that the President and his administration have launched long-term sustainable initiatives aimed at leveraging the energy business in order to transform the infrastructure of Nigeria and boost economic growth over the coming years and decades. 

More recently to jump start the process of infrastructure renewal Goodluck Jonathan announced in early 2015 a national integrated Infrastructure master plan which aims to further target and address the perceived gap in investment funding. The ambitious 30-year plan will close the gap and as President Goodluck noted, "The sectors for investment include energy about $1 billion, transportation $775 billion, agriculture, water and mining $400 billion, housing and regional development $350 billion, ICT $325 million, social infrastructures $150 billion and vital registration and security $50 billion."

Reporting by Peter Elston, Bradford Associates

1 PricewaterhouseCoopers, "Africa Gearing Up" Report. Page 65.

2 NSIA, Annual Report and Accounts 2013, Page 19.

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