Nigeria's Infrastructure : A Continental Perspective
Infrastructure 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 supplies held growth back. Raising the country's infrast...
Main Authors: | , |
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Language: | English |
Published: |
2012
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Subjects: | |
Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110617100503 http://hdl.handle.net/10986/3450 |
Summary: | Infrastructure 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 supplies held growth back.
Raising the country's infrastructure endowment to that
of the region's middle-income countries could boost
annual growth by around 4 percentage points. Among its
African peers, Nigeria has relatively advanced power, road,
rail, and ICT networks that cover the national territory
quite extensively. Extensive reforms are ongoing in the
power, ports, ICT, and domestic air transport sectors. But
challenges persist. The power sector's operational
efficiency and cost recovery has been among the worst in
Africa, supplying about half of what is required, with
subsequent social costs of about 3.7 percent of GDP. The
water and sanitation sector has inefficient operations, with
low and declining levels of piped water coverage. Irrigation
development is also low relative to the country's
substantial potential. In the transport sector,
Nigeria's road networks are in poor condition from lack
of maintenance, and the country has a poor record on air
transport safety. Addressing Nigeria's infrastructure
challenges will require sustained expenditure of almost
$14.2 billion per year over the next decade, or about 12
percent of GDP. Nigeria already spends about $5.9 billion.
It is well placed to raise the funds needed for
infrastructure, given the strength of the national economy,
abundant oil revenues, and efforts at electricity cost
recovery and other improvements to operations and management. |
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