Backbone Infrastructure Nigeria Limited (BINL), has announced its intention to invest $172 billion to develop various infrastructures in the country. This investment, utilising alternative financing options, will be allocated to mineral resources, energy, agriculture, housing and transportation sectors for the next 22 years. The administration of President Bola Tinubu has openly reaffirmed its commitment to enhancing foreign direct investment inflows into the country, while also promoting alternative financing for the construction of essential infrastructure projects. Last year, the Minister of Industry, Trade and Investment, Doris Aniete, said the government has secured $30 billion in commitments from foreign investors. Despite this

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