I was in Lagos, Nigeria for couple of days. I got an opportunity to speak in India-Africa Business Forum and conference conducted by ECOWAS-Africa and CII/FICCI-India. Lagos in local language means Port. It is one of the urban cities of Nigeria and is currently the 2nd most populous city in AfricaLagos is the former capital of Nigeria and now this is city is the economic and financial capital of Nigeria.
Nigeria is a Oil & Gas rich country, passion for films and footfall. The Vision 2020 is a grand agenda for Infrastructure firmed up by Govt. Federal government has 13-year plan of dramatic socio-economic transformation of the country. The goal of the vision is to transform the Nigerian economy to be in the league of the 20 most industrialized countries of the world. Nigeria Needs $100b Investment in Four Infrastructure Areas i.e power ($18-20 billion), rail tracks, ($8-17 billion), roads ($14 billion) and oil and gas ($60 billion). These infrastructure and related investments are critical to achieving 13 per cent annual growth rate of GDP set by the government and to make Nigeria one of the 20 largest economies in the world by 2020.
