The Obasanjo Administration has embarked on a single-minded chase for foreign investment. But one thing stands in the way of the government, and that is the breakdown of basic infrastructure. The energy crisis has reached an unprecedented high. Water is not available. Transportation is not available.
Communication infrastructure is scarce, and rudimentary.
The House of Representatives has decided to complement the search for working, basic infrastructure through legislation. Part of the problem is the huge capital required to fix it. The government cannot do it all. The House has decided to borrow from the example of other countries, who have tackled the problem through institutional financing. The groundwork for an immediate realization of this goal has been laid.