Speaking at the 2025 Nigerian International Energy Summit (NIES) in Abuja, he said 15 per cent of global infrastructure spending is linked to telecommunications, underscoring the sector’s significance.
“Infrastructure spending is crucial, especially in industries like mine, which impacts everyday life. Telecom infrastructure is essential to the real sector and even in the classrooms, yet Nigeria does not prioritise cable infrastructure the same way it does petroleum or cement,” he stated.
Stressing the need for strategic allocation of the Nigerian Content Intervention (NCI) funds to bridge critical infrastructure gaps, he pointed out that projects such as FPSOs, power plants, houses and data centres depend on robust cable infrastructure to support the oil and gas industry.
While acknowledging the progress made by the Nigerian Content Development and Monitoring Board (NCDMB) through initiatives like the Nigerian Content Law and Board (NCLB), he challenged other agencies to complement the efforts.
“The NCLB has made significant progress, but what are other institutions doing to enhance this? We must ensure that both direct and indirect investments are channelled into key infrastructural developments,” he said.
His remarks come at a time when stakeholders in the energy and infrastructure sectors are calling for more localised investments to drive sustainable development in Nigeria.
