Foreign sponsors driving Nigeria’s infrastructure projects – World Bank - Punch Newspapers

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Projects with foreign sponsors have played an important role in developing sizable infrastructure projects in Nigeria, the World Bank said on Thursday.

It said sizable 2020 PPI investment commitments in Nigeria were mainly due to a big-ticket natural gas pipeline project. “The $2.6bn pipeline will transport up to 3,500 million cubic feet of gas a day from various gas gathering projects in southern Nigeria. According to the report, there are four natural gas projects in some countries with $6.9bn in investment commitments in 2020.

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