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$2.9tn needed to build infrastructure – NESG

By on February 28, 2014

The Chairman, Nigeria Economic Summit Group, Mr. Foluso Philips, has said that the country needs a total of $2.9tn to close its infrastructure gap.

He said this during the investiture of Dr. Temilola Kehinde as the 15th President of the Association for Consulting Engineering in Nigeria in Lagos on Wednesday.

“A total of $2.9tn is required to close Nigeria’s infrastructure gap over the next 30 years, with $2.3tn on transport, energy, ICT and water, and $600bn on agriculture, mining, social infrastructure, housing and regional development,” Philips said.

While congratulating Kehinde, he said the National Integrated Infrastructure Plan provided a huge opportunity for ACEN and the Nigerian Society of Engineers to emerge.

Kehinde, in his speech, noted that engineering was at the core of development and that any nation that aspired to greatness must treasure and value engineering.

He observed that through the National Content Development Act, 2010, the government had opened a new vista of opportunities for consulting engineers and other professionals to participate actively in the oil and gas sector.

“Perhaps, this new opening will offer future tremendous business opportunities for Nigerian consulting engineers. We are gearing up and reviving our tools to be active participants in this new endeavour,” he said.

The ACEN president said that nobody could become a member of the association without ascertainable relevant skills and a reputation for high quality work.

With a current membership of 250, he said the association was aware of the existence of over 1,000 consulting engineering firms currently operating in the country.

“While still maintaining our lofty standard, we shall continue to encourage more member firms to join our fold,” he said.

 

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