The World Bank has come out to describe the level and quality of infrastructure in Nigeria as low despite the Federal Government’s claim of borrowing to finance infrastructure.

The bank recently had its say via a new report, and Nigerians have been reacting.

According to World Bank, the level and quality of Nigeria’s infrastructure quality is low with the country ranked 132 out of 137 countries for infrastructure in the 2018 Global Competitive Index.

The bank added that at the current rate of expenditure allocation, it would take 300 years to close the country’s current infrastructure gap.

It read, “The level and quality of Nigeria’s infrastructure quality is low, with the country ranked 132 out of 137 countries for infrastructure in the 2018 Global Competitive Index. Nigeria’s physical infrastructure gap is estimated to reach $3tn over the next 30 years.”

“At the current rate of expenditure allocation, it would take 300 years to close the country’s current infrastructure gap. Closing Nigeria’s infrastructure gap would cost at least four per cent of GDP growth per year.”