Nigeria's Infrastructure : A Continental Perspective
Infrastructure has made a net contribution of around one percentage point to Nigeria's improved per capita growth performance in recent years, in spite of the fact that unreliable power supply held growth back. Raising the country's...
Main Authors: | , |
---|---|
Language: | English en_US |
Published: |
World Bank, Washington, DC
2017
|
Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/575611468194346744/Nigerias-infrastructure-a-continental-perspective http://hdl.handle.net/10986/27257 |
Summary: | Infrastructure has made a net
contribution of around one percentage point to
Nigeria's improved per capita growth performance in
recent years, in spite of the fact that unreliable power
supply held growth back. Raising the country's
infrastructure endowment to that of the region's
middle-income countries could boost annual growth by around
four percentage points. Nigeria has made important strides
toward improving much of its infrastructure. Compared to
many African peers, Nigeria has relatively advanced power,
road, rail, and information and communications technology
(ICT) networks that cover extensive areas of the
nation's territory. In recent years, Nigeria has
conducted several important infrastructure sector reforms.
The ports sector has been converted to a landlord model, and
terminal concessions now attract private investment on a
scale unprecedented for Africa. The power sector is
undergoing a restructuring, paving the way for performance
improvements; the sector is finally on a path toward raising
tariffs to recover a larger share of costs. Bold
liberalization measures in the ICT sector have resulted in
widespread, low-cost mobile services, Africa's most
vibrant fixed-line sector, and major private investments in
the development of a national fiber-optic backbone. A
burgeoning domestic air transport sector has emerged, with
strong private carriers that have rapidly attained regional significance. |
---|