Friday, August 8, 2025
26.1 C
Lagos

Adeosun: PPP Model to Drive Infrastructure Plan

The Minister of Finance, Mrs. Kemi Adeosun said at the African Development Bank Knowledge Sharing Forum in Abuja that the Federal Government is committed to improve the operation of Public, Private Partnership arrangement in the country.

According to the Minister, the Federal Government believes that Public Private Partnership is extremely important to the drive to restore and resolve the infrastructure of this country, saying that solving the nation’s infrastructure problem would unlock the potential of the economy and get Nigeria out of the current challenges.

“As far as our financial strategy is concerned, we are very committed to PPP and for us, the way to accelerate it is for the Federal Government to de-risk the involvement of the private sector and gradually, introduce the private sector to the PPP. This is because if we wait for every law to be changed and regulations to be amended, we will really not get any single project done,” the Minister stated.

She disclosed that the Federal Government plans to start with a number of transactions in 2017 and that it will use the federal guarantee to simply take the risk away from the risky avarices of the projects of, for example, road projects which are risky.

“So we will de-risk; we will guarantee and will allow private money to crowd in to these transactions. It is something we must crack because clearly, our infrastructure deficit is so large that even if we spend our entire budget on infrastructure for the next five years, we cannot bridge the gap, so we must be able to get private money,” she stated.

spot_img
spot_img

Hot this week

UBA Group Chair, Tony Elumelu, Seeks Critical Measures to Drive Africa’s Development

L-R: President, Central African Republic, Faustin-Archange Touadéra and Group...

148 Nigerians Win ₦23m in Stanbic IBTC’s Reward4Saving Season 4 Promo

Stanbic IBTC Bank has successfully enhanced the financial well-being...

NCC Hosts National Broadband Mapping System in Abuja

L-R: Project Manager, Africa-BroadBand (BB) Maps, International Telecommunication Union (ITU),...

Sterling Bank Names First Beneficiaries of ₦2B ‘Beyond Education’ Fund

Sterling Bank, Nigeria’s leading financial institution, has announced the...

Former CFI of NAICOM, Sunday Thomas, to Chair NAIPE 2025 Conference

The Nigerian Association of Insurance and Pension Editors (NAIPE)...

Topics

‘9Mobile Has Bleak Future’

A telecom analyst has predicted bleak future for 9Mobile,...

Still on Entrepreneurship!

In the past three editions, l dwelt on the topic of entrepreneurship because readers kept asking for more. In this edition however, l consider it pertinent to showcase real-life successful entrepreneurial CASE STUDY-away from all the grammar! A case of practical example-indeed. Konosuke Matsushita: The $73 Billion Story! In 1917 in Japan, a 23-year-old apprentice (Konosuke Matsushita) worked at the Osoka Electric Light Company without any form of formal education.

Stanbic IBTC Warns Nigerians of Covid-19 Related Scams

  With the growing adoption of digital channels and with...

Accugas Signs MOU with Inoyo Toro Foundation to Establish Education, Internship Training Programme  

L-R: Okwudili Onyia, Communications Manager, Savannah Energy; Prof. Enobong...

Stanbic IBTC Unveils Single Sign-on Capability on Mobile Super App

To unify customer experience while using its Mobile App,...

NCDMB Hosts Nigerian Army Personnel, Showcases Milestones in Local Content Implementation

The Nigerian Content Development and Monitoring Board (NCDMB) on...

Nigeria Leaps Mobile App Growth in Africa at 43%

  AppsFlyer, the global marketing measurement leader, has launched a...

MFM Orders Pastor to Shut Illegal Deliverance Facility, Report in Lagos

Mountain of Fire and Miracles Ministry Wednesday ordered one...
spot_img

Related Articles

Popular Categories

spot_imgspot_img