Infrastructure funding: Capital market cash replaces foreign loans

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The Nation Newspaper Infrastructure funding: Capital market cash replaces foreign loans

Its theme was: “Infrastructural Deficit and Sustainable Financing in an Integrated West African Capital Market”.

Shettima was represented by Dr Tope Fasua, Special Adviser to the President on Economic Affairs, Office of the Vice President. He underscored the importance of deepening the capital market with innovative products and technologies to attract new generations of youthful investors. “Show them value, solidity, history, structure, resilience, sustainability, so that rather than invest in legless risky ventures where they see their monies disappear on a daily basis, they will learn the beauty of capital market investment, and will through your efforts, invest in the companies and instruments that will guarantee the sustainable future of West Africa, the very last bastion of development and opportunities in the world,” Shettima said.

Lagos State Governor Babajide Sanwo-Olu said governments are aware of the imperatives of addressing infrastructure deficit and sustainable financing in the region.He said the theme was apt as across the sub-region, modern infrastructure such as roads, rails, ports, fibre optics connectivity and power are largely inadequate.

“That is why we are collaborating with you to see the types of innovative instruments and ideas that you can bring forward for us to be able to do the quick and very difficult work that you have asked us to do. He explained that the ongoing integration of the capital markets across the region is divided into three phases.

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