Infrastructure Development
Physical infrastructure is often viewed as the “wheel” of economic activity since it provides the environment for productive activities to take place and facilitates the generation of economic growth. Presently, Nigeria and Africa face serious infrastructure gap. Nigeria’s infrastructure deficit is estimated at $100 billion annually. While the financing for African Infrastructure currently falls short by between $68 billion to $108 billion per year, the African Development Bank estimates that Africa’s infrastructure needs are between $130 and $170 billion per year. The massive deficit in this sector has continued to slow down economic growth as no meaningful sustainable growth can be achieved without investment in infrastructural development.
While poor infrastructure funding may be a challenge, the issue many investors in the infrastructural sector face is poor understanding of the unique social, political and economic situations in Africa which often leads to poor implementation of infrastructure projects.
At DFC Holdings, our goal is to leverage on our understanding of the Nigerian and African environment to close up the infrastructural deficit by 5%. In order to reduce the infrastructure deficit in Nigeria and Africa, we believe that Africans must lead the way in creating partnerships and collaborations that enable sustainable investment in infrastructural development.
Through three of our subsidiaries namely Rural Steel Bridging Limited, Site Services Technologies Limited and African Green Projects Limited, we have continued to play a major role in the physical and social infrastructural development in Nigeria and Africa. As we continue to expand, our strategic focus is the development of steel bridging in Nigeria, construction and equipping of hospitals, construction of quality and affordable homes, installation of water and sewage treatment plants, water reticulation and installation and maintenance of smart metering systems.
Our commitment in this sector has created over 5000 direct and indirect jobs through the following associate and subsidiary companies: