November 22, 2017

:

BlackBerry putting itself up for sale -

Wednesday, August 14, 2013

FERMA: A convergence of intent, engagement & perception -

Sunday, August 11, 2013

Nigeria Hits CNN’s List of World’s 12 sexiest accents…. -

Wednesday, August 7, 2013

N452t infrastructure funds from capital market coming -

Tuesday, August 6, 2013

Getting the right staff for your business -

Tuesday, August 6, 2013

Nigeria, others to re-evaluate Trans-Saharan gas project -

Monday, August 5, 2013

How Nigerians use social media -

Friday, August 2, 2013

NSIA to manage N3.4tr pension funds -

Friday, August 2, 2013

GOOGLE UNVEILS MOTO X SMARTPHONE… -

Friday, August 2, 2013

Nigerian Troops Return from Mali, Storm Borno -

Thursday, August 1, 2013

Our role in the $1.09b Malabu Oil mess, by Shell -

Wednesday, July 31, 2013

FG Can’t License Hotels, Hospitality Operators, Says Fashola -

Tuesday, July 30, 2013

Why FG Must Urgently Invest in Efficient Rail System -

Monday, July 29, 2013

Lagos community begins energy generation from waste -

Monday, July 29, 2013

FG to privatise BoI, BoA in 2014 -

Monday, July 29, 2013

Cassava takes pride place in Nigeria’s agro-economy -

Monday, July 29, 2013

Future of Africa in food production depends on training, emerging technologies —Kabba college provost -

Friday, July 26, 2013

Will this fresh initiative against cyber crime work? -

Friday, July 26, 2013

Investors prefer Southwest, says LCCI -

Friday, July 26, 2013

Fed Govt stops project variation beyond 15% of initial cost -

Thursday, July 25, 2013

N452t infrastructure funds from capital market coming

N452t infrastructure funds from capital market coming... NAIJA INTEL

The Federal Government will source the largest chunk of about N452trillion required for various infrastructure projects under its long-term development plan from the capital market.

Minister of National Planning, Dr. Shamsuddeen Usman, who disclosed this yesterday at an infrastructure roundtable organised by the Securities and Exchange Commission (SEC), said government will turn to the capital market to source the estimated $2.9 trillion required for Nigeria’s infrastructure development over the next three decades.

He said government will require an average of $25 billion per annum from 2014-2018, compared to between $9 billion and $10 billion currently being spent.

Government will have to aggressively increase core infrastructure stock from 35 to 40 per cent of Gross Domestic Product (GDP) in 2012 to 70 per cent by 2043 in order to close the current infrastructure gap and reach desired optimal investment, he said, adding that the recourse to the capital market, was due to inadequacy of budgetary resources in view of the large financing requirements for infrastructure developments.

Usman said government will have to source funds from the private sector, noting that recent privatisation trends demonstrated that the private sector can take about 48 per cent share.

He said the private sector investment requirement is projected to increase from 46 per cent, to 48 per cent during the first operational plan, 2014-2018, while public sector investment is projected at 52 per cent, adding that only about 15 per cent of public sector funding is projected to be from the treasury, while the balance of 85 per cent will be sourced through the bond market.

N452t infrastructure funds from capital market coming... NAIJA INTEL

N452t infrastructure funds from capital market coming… NAIJA INTEL

Also speaking, the Minister of State for Finance, Dr. Yerima Ngama, said the infrastructural development plan is part of the long-term plan for stimulating Nigeria’s economic growth, and launching the country onto a path of sustained and rapid socio-economic development.

He outlined that the development plan serves as a capital allocation framework, which identifies the required investments to bring infrastructure in Nigeria in line with the country’s long term growth aspirations.

CLICK SOURCE FOR MORE…

IMAGES: www.thenationonlineng.net  / www.focusafrica.gov.in

Comments

comments

Comments are closed.