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Infrastructure is critical
"Service exports are critically hinged on infrastructures
power, telecommunications, etc. In the highly indebted
countries, provision of
infrastructure is a great problem because of debt overhang.
For example, in Nigeria, 22.5 percent of
federal revenue is devoted to
debt servicing. We are left with something paltry to build these
infrastructures. If these
countries are to provide this infrastructures, they
have to have debt relief. As it is now, many
of the brightest people in IT leave the country and are
exporting services to Nigeria
rather than the other way round."
-- J.O. Yussuf, Senate Committee for National
Planning, Abuja, Nigeria.
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