ALL OF AFRICA Africa faces USD170bn infrastructure gap
WEST AFRICA
Demolition to start for Akanu Ibiam International Airport
INFRASTRUCTURE AFRICA
ALL OF AFRICA Africa faces USD170bn infrastructure gap
According to the African Development Bank ( AfDB ), Africa needs USD170-billion to cover the infrastructure investment gap . It is calling for urgent measures to match Africa ’ s growing population and youth unemployment . The bank ’ s president , Dr Akinwumi Adesina , told delegates during a recent meeting in Abidjan , Côte d ’ Ivoire , that the continent should match infrastructure growth with the growing youth population . Through the African Investment Forum , the bank and its partners intend to showcase bankable projects , attract financing , and provide platforms for investing across the continent . It is hoped that the forum would bring together the AfDB and other global multilateral financial institutions to de-risk investments at scale . According to AfDB , 13 % of the world ’ s population is estimated to live in sub-Saharan Africa , and the regional
WordPress
The African Development Bank and its partners intend to showcase bankable projects , attract financing , and provide platforms for investing across the continent .
financier foresees this figure more than doubling by 2050 . Four billion ( or 36 % of the world ’ s population ) could live in the region by 2100 , according to the United Nations Population Division . Africa is projected to have over 840 million youth by 2050 , while the continent has the youngest population on earth .
WEST AFRICA
NIGERIA
Demolition to start for Akanu Ibiam International Airport
The Federal Government of Nigeria plans to demolish additional structures to make way for full internationalisation of Akanu Ibiam International Airport in Enugu .
According to Hadi Sirika , Minister of State for Aviation , USD4.7-million has already been released for the construction work to continue at the international wing of the airport . More money will be made available when the 2018 budgetary provision is released for the completion of work . The government has decided to expand the runway from 2.5km to 3km to accommodate more international flights and cargoes . He stipulated , however , that until security concerns at the airport are addressed , the certification of the airport to an international status will not be possible . Meanwhile , the Federal Government has urged artisans and small-scale miners to take advantage of co-operative societies and government-provided loans to expand their operations and profitability in the country .
The Nation
USD4.7-million has already been released for construction work to continue at the international wing of the Akanu Ibiam International Airport in Enugu .
8 - CEC May 2018