From Kunle Aderinokun in Abuja

The Federal Government has said massive investments in critical infrastructure such as power, transportation as well as the development of the Niger Delta region and agricultural sector has been estimated to contribute about 25 per cent to the gross domestic product (GDP).

But such investments, the government said, will in the next six years gulp over $100 billion - or N12 trillion, nearly twice the size of the nation's external reserves and almost five times the size of the 2008 budget. In a presentation entitled "A framework for Pricing Public Goods: Objectives and Characteristics", at the Nigeria Economic Summit in Abuja, yesterday, Finance Minister, Dr. Shamsuddeen Usman, said over the next six years, Nigeria would need to invest over N12 trillion in four key sectors, namely power, railways, roads and oil and gas.

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Posted by boyang at October 24, 2008 12:09 AM