Domestic capital market not foreign borrowing can fix infrastructure gap in Nigeria

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The Vice President of Nigeria, Senator Kashim Shettima, Thursday, said that the infrastructural deficits in Nigeria and the rest of the West African sub-region are better tackled by domestic capital market and not through foreign borrowing alone.

Shettima who was represented by Mr. Tope Fasua, Special Adviser to the President on Economic Affairs in the Office of the Vice President of the Federal Republic of Nigeria, said: “That thus, it is a time of intense competition among nations and resources, and with advancement in technology, nations can reach to nations with their products just as businesses have their fingers in billions of pockets the world over.

In his opening remarks, the Director General of the Securities and Exchange Commission and Chairman of the West Africa Securities Regulators Association, WASRA, Mr.

In an address, Executive Governor of Lagos State Mr. Babajide Sanwo-Olu said the co-operation between the various bodies fortifies the bedrock of the W/African region fostering a collaborative spirit among member states.

 

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