The former vice president and the presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general election, Atiku Abubakar, has called for the establishment of an Infrastructure Development Unit (IDU) within the Presidency. In a signed statement, yesterday, the former vice president stated that establishing an IDU in the Presidency, with a coordinating function and a specific mandate of working with the Ministries Departments and Agencies (MDAs), would help fast-track and drive the process of infrastructure development in the country. According to Atiku, this would also strengthen the capacity of the Infrastructure Concession Regulatory Commission (ICRC) to promote Public Private Partnerships (PPP) in the construction and management of infrastructure across the country. He also said it would help to broaden the scope of InfraCredit to complement the operation of the IDU by de-risking investments in infrastructure to build investor confidence in taking risks and investing capital. Another goal of the unit, he said, was that it would “open up the entire power sector from generation to transmission for private investments.”
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