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ICRC was established in 2008 under the Infrastructure Concession Regulatory Commission (establishment, etc.) Act, 2005 [1] to regulate the Public-Private Partnership (PPP) endeavours of the Federal government aimed at addressing Nigeria’s physical infrastructure deficit which hampers economic development.
The government and the private sector have been investing in internet infrastructure to improve the connectivity and speed of the internet in Nigeria, especially in rural areas. [4] One of the indicators of the progress is the increase in broadband penetration, which reached 41.6 percent in January 2022, meaning that more than 40 percent of the ...
Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits. [56] By 2015, Nigeria's inflation stood at 9%. In 2005, the federal government had expenditures of US$13.54 billion but revenues of only US$12.86 billion, resulting in a budget deficit of 5%.
The Federal Ministry of Works of Nigeria is a government body responsible for the planning, development, and maintenance of federal roads, bridges, and infrastructure across the country. It oversees the construction and rehabilitation of highways , ensures road safety standards are met, and coordinates with other relevant agencies and ...
[5] [10] During Chinese President Hu Jintao's visit in 2006, China secured four oil drilling licenses and agreed to invest $4 billion in oil and infrastructure development projects in Nigeria, [8] and both nations agreed to a four-point plan to improve bilateral relations – a key component of which was to expand trade and investments in ...
Nigeria has numerous improved 4-laned roadways, including grade separations for railways. Near and inside cities have partial grade separations with feeder roads. Benin's coastal RNIE1 near the border between Benin and Nigeria is a 4 laned controlled access highway. As it crosses into Nigeria, it becomes the "Lagos-Badagry Express Way".
The government affirmed that Nigeria's current development priorities and objectives are focused on achieving the SDGs. [4] The Lagos SDGs Youth Alliance is another pivotal SDGs Initiative in Nigeria aimed at promoting the involvement of youth in achieving the 2030 Agenda and supporting long-term sustainable development strategy of Lagos state. [5]
The digital divide is a term used to describe the disadvantage in access to information which people without access to ICT suffer. [1] Nigeria's digital divide refers to the inequality of Nigerian individuals, groups, or organizations with regard to access to Information and communications technology (ICT) infrastructure or to the internet for daily activities. [2]