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Nigeria will establish a $25 billion Infrastructure Development Fund to finance projects in the country, the Minister of Budget and National Planning, Udoma Udo-Udoma has said. Mr. Udo-Udoma said this while receiving the Report of the three-day Pre-Summit Workshop from the Infrastructure Public-Private Partnership Summit Group on Thursday in Abuja. Sen. Udo Udoma He said the development fund would provide a pool of fiscal resources forlong term financing of priority projects.He said the ministry had developed the National Integrated Infrastructure Master Plan (NIIMP) for accelerated infrastructure development in the country for the next 30 year.“The fund seeks to raise the stock of infrastructure from the current level of 20 per cent to 25 per cent of the GDP to at least 70 per cent by 2043. “A total investment outlay of 3.05 trillion dollars will be required for the implementation of NIIMP. “The investment will be geared towards meetings infrastructure requirements of the major...