CRAIG LEMBOE AND CLAIRE BISSEKER: Infrastructure set for lift-off — or is it another false dawn?
Successive administrations, including the government of national unity (GNU), have emphasised the need for infrastructure investment to form a cornerstone of the country’s economic development. Yet the latest data tells us that little is actually happening on the ground.
The National Development Plan (NDP) targets gross fixed capital formation rising to 30% of GDP by 2030, compared with just under 18% in 2012 when the NDP was published. Instead, since then the ratio has fallen to 14.5%. Government and public entities’ capital expenditure is now only about 4% of GDP compared with the NDP target of 10%. ..
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