Stakeholders to states: Embrace alternative financing methods for infrastructure development

Nigeria's independent online newspaper

Stakeholders in the credit rating sector have made recommendations on how states and local governments can increase revenue to fund infrastructure projects.

“I’ll be surprised if there are up to five of them. And that is a reflection of their financial health and it does have an impact on the desirability of many of these companies to have private capital going on there,” he said.Akpata said state governments have to be largely involved in “providing some credit enhancement to take on some guarantees or liabilities themselves”.

PPPs allow for large-scale government projects such as roads, bridges, or hospitals, to be completed with private funding.

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thecableng /  🏆 2. in NG

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