The Securities and Exchange Commission (SEC) has said that given the current rate of capital expenditure, it would take approximately 300 years to bridge Nigeria’s infrastructure gap.

The Director-General of, the Securities and Exchange Commission (SEC), Mr Yakubu Yuguda stated this at the 2023 Chartered Institute of Stockbrokers (CIS) National Workshop which was held in Abuja.

Speaking on the theme of leveraging the capital market to drive public-private partnerships for effective national economic growth, Yuguda, citing a World Bank report, pointed out that Nigeria’s current level of public spending on infrastructure is one of the lowest globally.

Approach to financing infrastructure development
The SEC DG who was represented by the Executive Commissioner, Corporate Services, Ibrahim Boyi, stressed the need for a new approach to financing infrastructure development in Nigeria to stimulate economic growth and argued that leveraging public-private partnerships is essential, and the capital market can play a crucial role in this regard.

He stated that the Nigerian Capital Market has the capacity and is well-positioned to finance Public-Private Partnership (PPP) infrastructure projects in the country.

The Director-General explained that the capital market, with its patient capital and established project financing options, is well-suited to finance PPP infrastructure projects at various levels.

He cited the common model used in many developed countries, where governments and private sector partners raise debt capital for PPP projects through bonds and loans.

His words, “This is an infrastructure financing model that is a common choice in many developed nations of the world.
Capital markets allow governments and private sector partners to raise debt capital for PPP projects. Governments can issue bonds to finance their share of the project costs while private companies can secure loans or issue corporate bonds for their contributions. 

The capital market’s ability to provide funding, risk management tools, liquidity, and efficient allocation of resources makes it a crucial partner in the success of PPP projects.
It allows governments and private sector partners to leverage their strengths and resources to deliver essential public infrastructure and services”.

He thereafter commended the CIS for its role in developing the economy by equipping individuals and organizations with the necessary skills and expertise in the financial sector, which is crucial for the success of PPP projects.

Simeonjoe1:
Normal.
Try look US and look at Nigeria then tell me how long you'll catch up.
Look at a typical German neighborhood then look at Nigerian disorganized housing structure.


But with adequate economic growth and increase revenue generation we can catch up with less time.
Nigeria needs a budget of atleast 200tn yearly to catch up within the next 25 years....

With 200trn annual budget , those ugly makoko slum, those open gutters, those erosion degraded Street roads will turn to London in less than 10yrs.
All na money

Mindlog:


Even with a 800 trillion naira annual budget with leadership fixated on benefitting from corruption, no much change.

Simeonjoe1:


Very much will change, in fact multiply corruption x100 and give the politicians 800trn my guy Nigeria will change in the next 5 years.
We overblown corruption in this country too much, probably due to our low mental strength in scrutinizing financial audit, project implementation and utilization

motayoayinde:
WHY EXAGGERATE

HOW LONG DID IT TAKE CHINA TO BUILD THE SPECTACULAR INFRASTRUCTURE THAT WE SEE TODAY?

igwebuike01:

China doesn't vote rubbish out of tribalism. Infrastructure is sited where it can make profits but Nigeria built rail in a region where it can't generate enough money for fuel

motayoayinde:
WHY EXAGGERATE

HOW LONG DID IT TAKE CHINA TO BUILD THE SPECTACULAR INFRASTRUCTURE THAT WE SEE TODAY?

Mindlog:


What was your home state getting as monthly allocation in 1999 and what is it getting now?

motayoayinde:
WHY EXAGGERATE

HOW LONG DID IT TAKE CHINA TO BUILD THE SPECTACULAR INFRASTRUCTURE THAT WE SEE TODAY?

Simeonjoe1:
Normal.
Try look US and look at Nigeria then tell me how long you'll catch up.
Look at a typical German neighborhood then look at Nigerian disorganized housing structure.


But with adequate economic growth and increase revenue generation we can catch up with less time.
Nigeria needs a budget of atleast 200tn yearly to catch up within the next 25 years....

With 200trn annual budget , those ugly makoko slum, those open gutters, those erosion degraded Street roads will turn to London in less than 10yrs.
All na money

Simeonjoe1:


Very much will change, in fact multiply corruption x100 and give the politicians 800trn my guy Nigeria will change in the next 5 years.
We overblown corruption in this country too much, probably due to our low mental strength in scrutinizing financial audit, project implementation and utilization