Private sector will facilitate budget performance FG
The Federal Government has said budget can only perform at an appreciable level that will trigger sustainable infrastructural development if the private sector is provided with an enabling environment to thrive.
The Secretary to the Government of the Federation, Boss Mustapha, stated this in an address he delivered at the high-level Stakeholder Retreat on Public Private Partnership which ended in Uyo at the weekend.
In the address, which was made available to our correspondent in Abuja, the SGF, who was represented by the Permanent Secretary, Political and economic Office, SGF office, Gabriel Aduda, said, “Given the scale of the challenge, it is widely recognised that the human and financial resources required to address this deficit will require significant private sector participation to augment government’s annual budgetary allocation.
“In this regard, the National Integrated Infrastructure master plan estimates that 48 per cent of the $3tn required to address Nigeria’s infrastructure deficit will come from the private sector. however, much more needs to be done to engender the private sectors interest and confidence required to deliver the much-needed levels of investment.”
While stating that part of the mandate of the retreat was to address the challenge, the FG said efforts had been made by the present administration to fix some of the identified constraints.