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Lagos summit to address infrastructure gap

12 March 2014, 16:11

Lagos - Officials from the government, private sector and academia will later this month converge in Lagos to address the scale of Africa’s infrastructure requirements and investment deficit.

The Africa Finance Corporation (AFC), an African-led multilateral development financial institution is organising the inaugural event scheduled for the Eko Hotel & Suites on March 25.

According to organisers, the summit, “AFC Live: Bridging the Infrastructure Divide”, responds to the need to open a dialogue to address the scale of Africa’s infrastructure requirements and its investment deficit, which is conservatively estimated at more than US$40 billion per year over the next ten years.

“The summit is a key opportunity to for a broad range of stakeholders, from national governments to the indigenous and international private sector and donor partners, to contribute to the development of constructive solutions to the deficit in infrastructure investment in Africa which continues to hold back economic growth on the continent,” Bayo Ogunlesi, Chairman of AFC.

Among government officials who will attend are Dr. Ngozi Okonjo-Iweala, the Coordinating Minister of Finance and Economy and Prof. Chinedu Nebo, Minister of Power.

According to the AFC, the summit is a “must attend” event for audiences interested in Africa’s infrastructure challenges.

“It will discuss issues such as Africa’s need to take the lead in bridging the investment divide whilst also accessing international capital as part of a joined up and holistic approach.”

– CAJ News

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