• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, June 5, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Foreign

Africa faces annual infrastructure financing gap of $108bn

Africa

The Matters Press by The Matters Press
April 29, 2022
Reading Time: 2 mins read
0
Infrastructure gulp N2,7tn in Nigeria

Roads

The African Development Bank (AfDB), says that Africa is currently facing an infrastructure financing gap of between 68 billion dollars to 108 billion dollars annually.

RELATED POSTS

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

IMPI urges media to consider national interest in reporting security challenges

According to the Bank, this is spite of collective efforts to close the margin.

The Bank said this in a statement on Friday that President of the AfDB Group, Dr Akinwumi Adesina, said this when the Secretary of the United States Treasury, Janet Yellen hosted G-7 ministers and heads of multilateral development banks.

Adesina said the Bank, which was the premier financier of infrastructure in Africa, had committed more than 44 billion dollars to infrastructure across the continent in the last six years.

“The 44 billion dollars was channeled toward developing critical areas like transportation, energy, water, and sanitation on the continent.

“I propose eight solutions to bridge Africa’s infrastructure finance gap, which includes project preparation and mobilising institutional investors.

“Other solutions are improving public financing for infrastructure, mobilising financing for green infrastructure, attracting the private sector, and dealing with risks, among others,’’ he said.

The AfDB chief noted that institutional investors including pension funds, Sovereign Wealth Funds, and insurance companies held enough resources to scale up infrastructure financing from billions to trillions of dollars.

Adesina said that collectively, the institutions with commercial banks held 103 trillion dollars of assets under management.

“This pool of capital is so vast that what is needed is only 0.03 per cent or up to 0.04 per cent to bridge the infrastructure financing gap for Africa.

“Multilateral development banks should take early-stage investment risks in the project development phase, he said.

He called on governments to focus more on attracting the private sector to infrastructure financing.

According to him, governments must improve the policy, legal, and regulatory environment to support Public Private Partnership (PPP) investments in infrastructure.

He said the Bank’s board had also approved a new PPP framework for financing infrastructure.

Tags: Africa
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Senate probes $3.5b with NNPC
Economy/Technology

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

May 30, 2025
Next Post
Flour Mills gets approval to acquire 76% stake in Honeywell

Flour Mills gets approval to acquire 76% stake in Honeywell

20 PFAs meet deadline for N5bn minimum capital – PenCom

Recommended Stories

NECA on how to address Nigeria’s economic challenges

NECA urges stoppage to proposed tariff increases

May 15, 2023
Marketers hail unveiling of new NNPC

Tinubu appoints NNPCL’s board, management team

November 28, 2023
SON alerts on second hand gas cylinders

Nigerian Gas Association urges MDAs to switch to gas-fired generators

July 15, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property
  • Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us