The Member representing Jema’a/Sanga Federal Constituency at the National Assembly, Hon Shehu N Garba, aka 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 Federal lawmaker, 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,” he said.

He however, recommended that the Government should provide the enabling environment and the regulatory framework that will facilitate investment in infrastructural projects through Private Capital.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Cote d’Ivoire: No Article Allows President Ouattara To Run For Third Term – Opposition Coalition

BY Fidelis Akahomen As the Ivorian president Alassane Dramane Ouattara has decided…

Atheist, Mubarak Bala Arrested For Allegedly Insulting Prophet

An atheist, Mubarak Bala has been arrested by the Kaduna State Police…

‘Sack DG Federal Research Institute Over Alleged Forged PhD Certificate’

By Henry Gabriel – The Board of the Federal Research Institute, Oshodi…