Washington, DC | October 28, 2015

Economic growth in Nigeria’s Niger Delta region is constrained by inadequate electric power and transport infrastructure. According to the 2014 Nigeria National Integrated Infrastructure Master Plan, an investment of US $2.9 trillion (NGN 460 trillion) is required over the next 30 years—an average of US $25 billion (NGN 4 trillion) annually—to meet Nigeria’s entire infrastructure needs. The Federal Government’s allocation to capital projects (including infrastructure) for the 2014 budget year is US $6.8 billion (NGN 1.1 trillion). To address the deficit, the government of Nigeria is encouraging private sector investment and expertise. 

This Forum convened a select group of investors, transport and power experts, development finance institutions and government representatives to produce practical recommendations for infrastructure projects in the Niger Delta that take advantage of the vast investment opportunities that exist today.

Proceedings adhered to Chatham House Rule and were structured around a series of interactive panel-led sessions and roundtable discussions to encourage a frank exchange of views.

The Washington, DC forum followed similar prior gatherings over the previous 12 months in Nigeria and the United Kingdom.

Participants included:
  • Government representatives, and representatives from regional cooperation bodies
  • Private equity and debt investors, institutional investors, foundations and fund managers
  • Development finance institutions (DFIs) and multilateral and bilateral agencies
  • Domestic and international project developers
  • Engineering procurement & construction companies

Objectives:
  • Facilitate leadership commitment (governments, private sector, civil society, donor agencies) to take action in support of the economic development of the Niger Delta.
  • Assess the viability of innovative investment models and finance structures to support infrastructure development in the Niger Delta.
  • Promote multi-sector partnerships and potential infrastructure investment opportunities.
  • Share data and information on the infrastructure gap in the region and evaluate where and how it impacts development.