Tinubu’s infrastructure, human capital investments will drive $1tn economy — APC chairman

Nigeria's All Progressives Congress (APC) National Chairman, Prof. Nentawe Goshwe Yilwatda, asserted that President Bola Tinubu's administration is strategically investing in infrastructure and human capital development to realize its ambitious goal of a $1 trillion economy. Yilwatda made these remarks while receiving the Governing Council of the Federal University of Health Sciences, Otukpo, at the APC National Secretariat in Abuja.

According to a statement from his media aide, the chairman highlighted that ongoing investments in roads, bridges, rail transportation, deep seaports, and education are designed to boost productivity, attract foreign investment, create jobs, and stimulate sustainable economic growth. He emphasized the administration's deliberate approach to infrastructure, noting that efficient transportation networks are crucial for long-term economic expansion.

A significant focus of this strategy is the development of five major deep seaports across the country. These include the Badagry Deep Sea Port in Lagos, Olokola Deep Sea Port along the Ondo-Ogun axis, Ibom Deep Sea Port in Akwa Ibom, Bakassi Deep Sea Port in Cross River, and Bonny Deep Sea Port in Rivers State. "These are not isolated infrastructure projects. They are part of a larger economic strategy," Yilwatda stated, underscoring their role in supporting the $1 trillion economy target.

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These are not isolated infrastructure projects. They are part of a larger economic strategy. We are building the infrastructure that will support the one-trillion-dollar economy that President Bola Ahmed Tinubu has set as a target for Nigeria.

Complementing the port development, the government is constructing seven coastal highways to connect these maritime hubs and improve the nationwide movement of goods and services. "We want to ensure that our transportation infrastructure supports trade, investment and economic activities across the country," he added. The railway project linking Nigeria to Maradi in Niger Republic is also highlighted for its potential to strengthen regional trade and position Nigeria as a key logistics hub for landlocked Niger.

Yilwatda also pointed to the extensive network of federal road projects, with 81 ongoing in the North-Central zone and over 260 road and bridge projects across all six geopolitical zones. Recently, the government approved 27 major road projects valued at approximately N3.9 trillion in 15 states, aimed at enhancing connectivity, easing transportation, and stimulating commerce nationwide.

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We are building seven coastal roads to connect the five deep seaports. The government is deliberate about this. We want to ensure that our transportation infrastructure supports trade, investment and economic activities across the country.