'Invest in infrastructure and housing', Aliko Dangote tasks FG
The Federal Government and other African countries have been advised to invest in infrastructure and housing.
Aliko Dangote
Speaking at the company’s Annual General Meeting (AGM), Africa's richest man stressed the need and importance of investments.
“Africa is rapidly growing. The United Nations estimates that its population will rise from about one billion today to 2.4 billion by 2050, with the urbanised population rising from 400 million to 1.4 billion; that is more than four times the current population of the United States. To support this growth, countries must invest in infrastructure and housing.
The World Bank estimates that Africa needs to invest $38 billion a year on new infrastructure in power, roads, transport and water and spend a further $37 billion on operations and maintenance, a total of $75 billion a year", he said.
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