The Chartered Institute of Bankers of Nigeria said the lack of key infrastructural development has impeded the country’s growth potential over the years.
This statement was made by the Chairman of the institute, Ken Opara, during the 2022 CIBN Fellowship Investiture event held recently.
Opara, while speaking on the theme for the event: Infrastructure Deficit: The Role of Financial Institutions; – there was need for increased investment in infrastructure in the context of sustainable development, clean energy transition, and the post-pandemic economic recovery.
Meanwhile, a report released in 2011 titled “Nigeria Infrastructure: A Continental Perspective”, about 40 per cent of the productivity are caused by infrastructure constraints.
