{"id":98639,"date":"2023-10-26T10:14:22","date_gmt":"2023-10-26T09:14:22","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/3tn-nigerias-infrastructure-deficit-better-funded-locally-shettima"},"modified":"2023-10-26T13:20:51","modified_gmt":"2023-10-26T12:20:51","slug":"3tn-nigerias-infrastructure-deficit-better-funded-locally-shettima","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/3tn-nigerias-infrastructure-deficit-better-funded-locally-shettima","title":{"rendered":"$3tn Nigeria\u2019s infrastructure deficit better funded locally \u2013 Shettima"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Vice President of Nigeria, Senator Kashim Shettima has said that local stakeholders can better fund the country\u2019s $3tn infrastructure investment deficit rather than foreign borrowings.<\/p>\n

Shettima disclosed this on Wednesday at the opening ceremony of the third West Africa Capital Market Conference with the theme, \u2018Infrastructural Deficit and Sustainable Financing in an Integrated West African Capital Market\u2019 held in Lagos.<\/p>\n

Shettima, who was represented by Dr Tope Fasua, his Special Adviser on Economic Affairs, said that the infrastructural deficit in the West African sub-region means that the capital markets must improve their operations.<\/p>\n

\u201cThe centrality of capital markets to Nigeria\u2019s development trajectory, especially to the evolution of our corporate sector, our industries and perhaps most importantly, our infrastructural development, cannot be overemphasised.<\/p>\n

\u201cJust two days ago, on Monday, 23rd of October, 2023, at the opening of the 29th Annual Conference of the Nigerian Economic Summit, His Excellency President Bola Ahmed Tinubu sought the cooperation and intervention of Nigeria\u2019s private sector \u2013 and specifically the capital market \u2013 toward the funding of Nigeria\u2019s $3 trillion infrastructure gap, which he said should not require 300 years to cover \u2013 as propounded in some texts \u2013 but ten years.<\/p>\n

\u201cIf this is so for Nigeria, it presupposes that the entire region has similar \u2013 or perhaps larger \u2013 infrastructural deficits waiting to be filled. They are better filled from the inside, not through foreign borrowing alone,\u201d he said.<\/p>\n

The federal government had fixed a 10-year timeline to address its infrastructural gap.<\/p>\n

Recall that the African Development Bank (AfDB) stressed that Nigeria needs $3 trillion in Infrastructure Investment.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Vice President of Nigeria, Senator Kashim Shettima has said that local stakeholders can better fund the country\u2019s $3tn infrastructure investment deficit rather than foreign borrowings. Shettima disclosed this on Wednesday at the opening ceremony of the third West Africa Capital Market Conference with the theme, \u2018Infrastructural Deficit and Sustainable Financing in […]<\/p>\n","protected":false},"author":84,"featured_media":98637,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,254,1837],"class_list":["post-98639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-shettima"],"yoast_head":"\n$3tn Nigeria\u2019s infrastructure deficit better funded locally \u2013 Shettima - Nigeria<\/title>\n<meta name=\"description\" content=\"The Vice President of Nigeria, Senator Kashim Shettima has said that local stakeholders can better fund the country\u2019s $3 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/3tn-nigerias-infrastructure-deficit-better-funded-locally-shettima\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$3tn Nigeria\u2019s infrastructure deficit better funded locally \u2013 Shettima\" \/>\n<meta property=\"og:description\" content=\"The Vice President of Nigeria, Senator Kashim Shettima has said that local stakeholders can better fund the country\u2019s $3 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/3tn-nigerias-infrastructure-deficit-better-funded-locally-shettima\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-26T09:14:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-26T12:20:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1698306462.763174.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/3tn-nigerias-infrastructure-deficit-better-funded-locally-shettima#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/3tn-nigerias-infrastructure-deficit-better-funded-locally-shettima\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"$3tn Nigeria\u2019s infrastructure deficit better funded locally \u2013 Shettima\",\"datePublished\":\"2023-10-26T09:14:22+00:00\",\"dateModified\":\"2023-10-26T12:20:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/3tn-nigerias-infrastructure-deficit-better-funded-locally-shettima\"},\"wordCount\":280,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/3tn-nigerias-infrastructure-deficit-better-funded-locally-shettima#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1698306462.763174.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"Shettima\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/3tn-nigerias-infrastructure-deficit-better-funded-locally-shettima#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/3tn-nigerias-infrastructure-deficit-better-funded-locally-shettima\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/3tn-nigerias-infrastructure-deficit-better-funded-locally-shettima\",\"name\":\"$3tn Nigeria\u2019s infrastructure deficit better funded locally \u2013 Shettima - 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