The minister of industry, trade and investment, Okechukwu Enelamah. Picture: Vibes

The Minister of Trade and Investment, Okechukwu Enelamah, has said the country will spend $20 billion on infrastructure over the next 10 years.

Enelamah said this on Wednesday in Abuja where he noted that Nigeria will introduce an infrastructure bond in 2019.

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“Our target is that we’d like to see infrastructure spending increase to the $10- to $20-billion range over the next 5 to 10 years because we think that’s the level of our need,” Enelamah said.

According to him, the government will partner with other stakeholders to raise funding as he said a committee comprised of the ministers of finance, budget, trade and investment and works, housing and power, and other government agencies was immediately set up to work out the modalities.