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Infrastructural Development: Why bonds are Recommended

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Infrastructure crowdfunding

InfraCredit CEO Chinua Azubuike called for crowdfunding of infrastructure development for domestic credit and public-private partnerships in his speech.

This is consistent with the earlier statement made by the Director General of the Infrastructure Concession Supervision Committee (ICRC), Mr. Chidi Izuwah, who said that the government alone cannot provide the infrastructure needed for economic growth and development.

Mr. Farouk Aminu, head of the investment service department of the National Pension Board, also spoke at the online forum, emphasizing the need to create infrastructure tools that can attract pension managers (PFA) to the market.

He believes that the diversification of investment products will promote PFA’s participation in infrastructure construction, thereby speeding up infrastructure construction in Nigeria.

If Nigeria wants to make up for the country’s infrastructure deficit, the government should consider using bonds instead of loans for infrastructure financing. Building all transactions in the local currency rather than the US dollar will help drive infrastructure development faster. Building all transactions in the local currency rather than the US dollar will help drive infrastructure development faster. These are the second quarter forum of Chapel Hill Denham CEO Mr. Bolaji Balogun in the Virtual Financial System Strategy (FSS) 2020 Pension Sector.

Balogun pointed out that to promote infrastructure development, we must first create an enabling environment and embrace private capital.

He said: “Only if infrastructure investment grows from 15% to 18% every year, can we achieve 8% economic growth.”

He suggested financing structure through the capital market to ensure that transactions can be banked and that costs can reflect reality.

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Balogun pointed out that with the improvement of infrastructure, the country ’s financial inclusiveness, trade balance, and long-term macroeconomic and price stability will be improved.

Balogun pointed out that to promote infrastructure development, we must first create an enabling environment and embrace private capital. He said: “Only if infrastructure investment grows from 15% to 18% every year, can we achieve 8% economic growth.” He suggested financing structure through the capital market to ensure that transactions can be banked and that costs can reflect reality.

Balogun pointed out that with the improvement of infrastructure, the country ’s financial inclusiveness, trade balance, and long-term macroeconomic and price stability will be improved. He believes that other benefits of developed infrastructure are increased production competitiveness, increased housing, substantial import substitution and strong pensions.

Mr. Effiok Ekpenyong, head of the investment management department of the Securities and Exchange Commission (SEC), pointed out in his speech that the highest regulator in the capital market already has regulations and guidelines to help infrastructure development participants.

He also called for cooperation among agencies to eliminate regulatory bottlenecks and build the country ’s capacity to achieve the expected growth and development.

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