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Nigerian Economic Summit Group (NESG), in partnership with the UK Nigeria Infrastructure Advisory Facility (UKNIAF), on Tuesday convened a high-level dialogue in Abuja to address Nigeria’s growing infrastructure deficit, projected to reach $2.3 trillion by 2043 under the National Integrated Infrastructure Master Plan (NIIMP).
The pre-summit dialogue, themed “Catalysing Bankable PPPs through the Infrastructure Project Preparation Facility”, was organised ahead of the 31st Nigerian Economic Summit (NES #31) scheduled for October 2025.
It brought together policymakers, financiers, development partners, and private sector leaders to explore ways of mobilising private capital for infrastructure development through well-prepared Public-Private Partnerships (PPPs).
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In his welcome address, NESG Board Director, Mr Nnanna Ude, said unlocking private capital through bankable projects was crucial to driving inclusive and sustainable growth.
He reaffirmed the group’s commitment to advancing reforms that improve Nigeria’s investment climate and global infrastructure competitiveness.
Delivering the keynote, UKNIAF’s Mr. Abdul Oladapo stressed that weak project preparation remained the biggest obstacle to effective PPPs in Nigeria.
He pointed out that poor feasibility studies, weak institutional capacity, and poorly structured proposals continued to discourage investors. Oladapo highlighted the need for systematic approaches to upstream project preparation through the Nigeria Project Preparation Facility (NPPF), backed by the Federal Government’s ₦42 billion allocation in the 2024 and 2025 budgets.
He further observed that while previous interventions by institutions such as the International Development Association (IDA) and the Public-Private Infrastructure Advisory Facility (PPIAF) had provided some support, their impact was limited by recurring gaps in project design and execution.
A high-level panel session on “Strengthening Nigeria’s PPP Pipeline – Institutional Perspectives” featured experts from the Infrastructure Concession Regulatory Commission (ICRC), the Rural Electrification Agency (REA), Africa Finance Corporation (AFC), and PPP specialists.
Moderated by Engr. Nyananso Gabriel Ekanem, the session identified key requirements for building a stronger PPP framework, including enhanced risk assessment and technical expertise to improve bankability (ICRC), embedding effective risk-sharing mechanisms into contracts (REA).
Others are creating recycling funds from successful transactions and leveraging climate finance (PPP specialists) and establishing implementing entities that co-develop projects and safeguard capital (AFC).
Panelists collectively stressed that robust institutional frameworks, de-risked pipelines, and improved technical capacity were essential to mobilising long-term private investment.
Earlier, Mrs. Saadiya Aliyu, Facilitator of the NESG Infrastructure and Allied Services Policy Commission, called for deeper collaboration between government, private sector players, and development partners to accelerate sustainable infrastructure growth.
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