The minister made this announcement while addressing the attendants at the Integrated Infrastructural Research for Development conference, which was held in Abuja on Friday. The proposed plan entails a 21-year rebuilding scheme that targets train tracks, roads, housing, and agriculture. “In the national development plan, we have cost the investment that is required; $2.3trn with a private sector contribution of 86% anticipated between 2021 to 2025. “We started the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme launched in 2019 to leverage private sector capital via tax credits, and provide private sector expertise to construct, repair, and maintain critical road infrastructure in key economic growth corridors and industrial clusters in Nigeria. “With this project, the road projects have been approved and are at various stages of construction to the use of tax credit to finance the rehabilitation and reconstruction of road projects across six geopolitical zones of our country.

Source: Daily Nation October 08, 2022 08:57 UTC