Infrastructure Concession Regulatory Commission says the country Nigeria needs $100 billion to provide quality infrastructure in the next six years.
Chidi Izuwa, the acting Director General, Infrastructure Concession Regulatory Commission, estimated that about $60 billion would be required for the oil and gas sector, $20 billion to restore the power sector, $14 billion for road; and between $8 and $17 billion for rail tracks.
About 68 percent of all roads in the country are in deplorable condition, with only about 18 percent of Nigerian federal roads paved, according to an AllAfrica.com article.