The Global Property Partners, a consortium of firms with diverse interests in real estate and infrastructure development, has concluded plans to hold its second annual National Infrastructure Summit.
The summit, according to the group, is expected to attract leading international and Nigerian professionals in the infrastructure business from across the globe as well as top government functionaries and policy makers
According to the Managing Director/Chief Executive Officer, GPP, Mr Emmanuel Odemayowa, among the highlights of this year’s event, which will hold in Abuja in November, will be the first ‘Infrastructure Award Night’ in Nigeria during which private and public sector professionals as well as institutions that have contributed significantly to infrastructure development in the country will be recognised and honoured.
He said, “It will focus exclusively on creating avenues that generate sustainable income and wealth through global partnerships as well as serve as a platform for the engagement of global institutional investors for infrastructure development.
“The value of Nigeria’s total infrastructure stock – road, rail, power, airports, water, telecoms and seaports – represents only 35 per cent of the Gross Domestic Product, as against peer emerging market countries’ average of 70 per cent. The issue of infrastructure development in Nigeria cannot be overemphasized till we get it right.”
Odemayowa noted that several critical issues relating to infrastructure financing and the creation of an enabling environment for infrastructure development were discussed extensively last year and that the organisation of this year’s event in Abuja was to make for a more robust and meaningful exchange of ideas between the public and private sectors on the way forward for this sector in the country.
He said the infrastructure summit was part of the company’s efforts to promote global best practices in the infrastructure sector in the country, given its vast economic potential.