The former Governor of the Central Bank of Nigeria and Emir of Kano, Muhammadu Sanusi II, has thrown his weight behind the forthcoming 2015 Nigeria Infrastructure Public Private Partnership Summit scheduled to hold in the last quarter of this year.
He gave his nod while speaking to the summit planning team recently in Kano when the latter paid a courtesy visit to him on the event, a statement by the organisers said.
The statement said the visit was part of several scheduled consultations with various stakeholders on infrastructure development in the country.
The planning team was led by the Managing Partner at Dikko & Mahmoud, Mr. A.B. Mahmoud. It also had experts from the United Kingdom-based professional advisory firm, Adams & Moore, Gori Daniel and Hakeem Adeleye.
Sanusi, who highlighted the need for a pragmatic approach in developing Nigeria’s infrastructure across different sectors, bemoaned the non-implementation of several recommendations from previous successful summits by past governments.
While assuring the team of his support, he called for priority attention on social infrastructure, especially in areas such as health and education, both of which, according to him, are primarily critical to the well being of the people.
Sanusi said, “I understand the critical role infrastructure plays in developing our economy, and in particular, the need for Nigeria to address the key social infrastructure deficit, particularly in education and health that will deliver a better quality of life not just for the elite, but for those in society for whom access to N1,000 could make the difference between losing a child and obtaining the medication and treatment that could save a child’s life.”
Sanusi was recently appointed the Chairman of the Board of Black Rhino, a Blackstone portfolio company focused on the development and acquisitions of energy and infrastructure projects across Africa.
Mahmoud was quoted as telling Sanusi that the summit was aiming to establish a private sector-led community of practice with the mandate to work with government at all levels to ensure the delivery of sector-specific roadmaps for the development of critical infrastructure through public private partnerships.
The Institute of Appraisers and Cost Engineers recently stated that the draft National Integrated Infrastructure Master Plan would require an estimated amount of over $2.9tn in investments over the next 30 years to address Nigeria’s infrastructure deficit.
This corresponds to an annual average of $25bn over the next four years – about four times the federal government’s total allocation to capital projects in the 2014 budget.
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