HomeBusinessLagos taps private capital to bridge infrastructure funding gap

Lagos taps private capital to bridge infrastructure funding gap

… Sets to deliver 280-bed G.Hospital, Ojo, 150-bed Massey Children’s Hospital

The Lagos State Government is opening its doors wider for private sector partnerships to bridge a yawning infrastructure gap in Nigeria’s commercial cum economic hub.

Policymakers and development experts estimate the state’s infrastructure deficit at over $100 billion, as roads, rail, power, housing, water supply, healthcare, schools, and other public facilities are in short supply.

The Lagos’ situation is compounded is by its rapid population growth, estimated at more than 20 million residents, which continually outpaces infrastructure expansion. Although the state government has been increasing capital spending on infrastructure, allocating about N1.467 trillion for infrastructure projects in its 2026 budget, the challenge remains daunting.

Speaking on Monday while rendering account of the work done by the Ministry of Works and Infrastructure, Adekunle Olayinka, the Special Adviser to the Governor on Works, noted that future infrastructure delivery must increasingly be

This post was originally published on this site.

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