As the NILS Public Lecture Series resumes, the DG, National Institute for Legislative Studies, NILS , Prof Ladi Hamalai has urged government to articulate a long-term infrastructure development plan that is supported with relevant legislation to ensure that no infrastructural project is abandoned by successive government. She noted that irrespective of the political party that is in power, development of infrastructure must be progressive as government is a continuum. Situations where laudable projects are discontinued because a new party or political party has assumed power does not augur well for national development, she said. The Director General gave this advice while delivering a remark at the resumed hearing of NILS Public Lecture Series, a platform instituted by NILS for articulation of ideas that have overtime helped to guide legislation and shape policies in government. The lecture was attended by representatives of a broad spectrum of Ministries, Departments, Agencies and experts and the academia.
Speaking on the topic, “Financing Infrastructural Deficit in Nigeria”, the former Minister of Budget and Planning, Dr. Shamsudeen Usman argued that Nigeria must adopt a comprehensive policy design and implementation strategy plan to unlock the constraints to the country’s integrated infrastructure development and realize the full potentials of our infrastructural requirements. He pointed out that developing an integrated infrastructure master plan for the next 30 years is the way to go.
“Nigeria needs to invest massively in infrastructure to meet not only its current needs but also requirement of its growing population, future economic growth and the United Nation’s Strategic Development Goals (SDGs).”
In his presentation, on the topic, “Nigeria’s Public Debt Profile and Management Strategy: The Concerns” Prof Mike Obadan, called for effective and efficient management of public debt and the diversification of the revenue base of the country away from oil. His paper further dwelt on the imperative of accelerated inclusive growth.