Ex-Adamawa governor urges policy continuity for infrastructure growth
A former governor, Boni Haruna, has blamed Nigeria’s infrastructure challenges on frequent policy changes rather than lack of funding. Speaking in Abuja, he highlighted how abandoned projects and political interests disrupt long-term development. Other experts at the event pointed to contract overpricing and funding gaps as major issues. Calls were made for stronger legislation and alternative financing to support Nigeria’s infrastructure.
What we know
- Boni Haruna said discontinuity of policies, not insufficient funding, is widening Nigeria’s infrastructure deficit.
- He criticized the abandonment of projects, noting that political interests often override development needs.
- Dr Onuoha Nnachi described contract overpricing as a major problem, citing a power project whose value was inflated from 6.2 billion naira to 26 billion naira.
- Toyin Edu of the Bank of Industry stated that government fiscal capacity alone cannot bridge the infrastructure funding gap and revealed plans for a one billion dollar loan syndication.
- The dialogue featured calls for legislation to ensure continuity of critical projects and highlighted the need for transparent, alternative financing solutions.
