Dr. Tajudeen Abbas, the Speaker of the House of Representatives, revealed that Nigeria requires an investment of $3 trillion over the next 30 years to address its significant infrastructural deficits.

The Speaker made the statement during the flag-off ceremony for the construction of an access road from Ring Road 1 to Judges’ Quarters in Abuja.

Abbas, represented by his Deputy, Benjamin Okezie Kalu, stressed the urgent need for improvement in key areas such as road networks, power supply, housing, healthcare, and education.

He noted that the infrastructure deficit is particularly pronounced in the Federal Capital Territory (FCT), where the population is growing at an annual rate of 5%, putting additional pressure on existing facilities.

He, however, commended the administration of President Bola Ahmed Tinubu for prioritising infrastructure development.

Abbas also assured that the House will give the necessary legislative backing to the FCT administration, more so, strengthen its oversight functions to ensure that the government delivers on its determination to elevate the status of Abuja.

He said: “It is common knowledge that Nigeria, like many other developing nations, has an infrastructure deficit. According to recent estimates, Nigeria needs to invest about $3 trillion over the next 30 years to close the infrastructure gap and achieve the level of development required for sustained economic growth. The road network, power supply, housing, healthcare, and education sectors are some of the areas in urgent need of attention.

“Here in Abuja, the infrastructure deficit is more glaring as the city’s population continues to grow at an annual rate of 5%. This puts pressure on existing facilities and highlights the need for more access roads, housing, and essential services to cater to the needs of residents.

“Under the leadership of President Bola Ahmed Tinubu, there have been commendable initiatives aimed at addressing this infrastructure deficit. These initiatives show that the government understands the role infrastructure plays in national development and is committed to making the necessary investments.

“As the legislature of the FCT, the National Assembly has an important role to play in supporting these development efforts. The 10th National Assembly, which I am privileged to lead, is fully committed to collaborating with the Executive to ensure that the FCT receives the necessary legislative backing to facilitate infrastructure development. We are ready to consider and pass laws that will further enhance the governance structure of the FCT and approve appropriations that will make meaningful infrastructure projects, such as this road construction, a reality.

“Additionally, the National Assembly will continue to exercise its oversight functions to ensure that projects are implemented according to standards and within stipulated time frames.”

Abbas also commended the Minister of the FCT, Nyesom Wike, for his transformative leadership since assuming office, adding that the ongoing rehabilitation of major roads, the clearing of illegal structures, and the focus on environmental sustainability are all testaments to the Minister’s vision of an Abuja that is not only beautiful but functional and efficient.