The Federal Government says it was investing $1bn on the construction of the Lagos-Ibadan Expressway, Second Niger Bridge, and Abuja-Kaduna-Zaria-Kano Expressway.

It disclosed this at the official opening of the 51st Annual Conference of the Nigerian Institution of Estate Surveyors and Valuers, adding that over N15tn would be required to bridge the country’s infrastructure deficit.

In his keynote address at the conference, the Vice President who was represented by the Minister of State for Works and Housing, ABUBAKAR ALIYU, spoke on how the Federal Government had been intervening in some selected sectors.

According to him, the federal government created the Presidential Infrastructure Development Fund, investing over a billion dollars in three flagship projects: the Lagos-lbadan Expressway, Second Niger Bridge, and Abuja-Kaduna-Zaria-Kano Expressway.

Also speaking at the event, the Minister of Works and Housing, BABATUNDE FASHOLA, said the development of critical infrastructures such as the provision of new roads and bridges, airports, rail infrastructure had salutary impacts on the real estate sector.