Anambra State Governor, Prof. Charles Soludo, has urged the Federal Government to deploy a huge percentage of funds saved from fuel subsidy withdrawal to infrastructure and social development.
Speaking at the Nigerian Academy of Engineering Annual Lecture with the theme: “Financing Engineering Infrastructure,” held Thursday at the University of Lagos state, Akoka, the former Central Bank Governor of Nigeria urged the government to make this investment in the nation.
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He said investing eight to 10 per cent of the Gross Domestic Product in public infrastructure yearly, for the next 10 years, will positively impact the lives of citizens.
For the federal government to succeed in infrastructure provision, it is necessary to collaborate with state governments who understand the most priority of their needs.
For example, in the area of road infrastructure provision, the state governments are in the best position to know the alignment of roads from one end to the other.
Thus, it is imperative that such projects require joint collaboration for a successful and functional execution.
