Thursday, January 21, 2021

Government should provide the enabling environment and the regulatory framework that will facilitate investment in infrastructural projects through Private Capital, Sarkin Noma suggests

The Member representing Jema’a/Sanga Federal Constituency at the National Assembly, Hon Shehu N Garba, popularly known as Sarkin-noma, has emphasized the great potentials of the Nigerian Capital Market to provide long term funds to address the Infrastructural  deficiencies in our Country.
Hon Sarkin-noma made the remark at the sideline of a Retreat on ‘New Trend in the Capital Market’ which held in Kaduna on the 18th and 19th of January, 2021.
According to the Member, "Nigeria need to quickly develop its Roads, Rail, Power , Ports and other infrastructural Projects in order to create the right environment for transformation and rapid development of the Country."
He observed that, "beside the National Budget being very paltry, relative to the Country’s needs, less than 25% of the Annual Federal Budget goes into provision of physical infrastructure."
"Such pitiable allocation cannot provide the kind of infrastructure needed to unleash the kind of development required to provide jobs that will take our teeming population out of poverty."
Accordingly, he recommended that, "the Government should provide the enabling environment and the regulatory framework that will facilitate investment in infrastructural projects through Private Capital."

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