Nigeria infrastructure spend to hit $40bn by 2050 — PwC

Nigeria's infrastructure spending is projected to rise by 77% to $40 billion by 2050, maintaining its position as Africa's largest infrastructure market. Chioma Obaro from PwC stated that this growth will be driven by increased investment in transport connectivity and a rapid expansion of power infrastructure. The power sector is expected to see the fastest growth, with annual spending increasing from $1.1 billion to $3.2 billion between 2024 and 2050.