Financial experts have urged the Bola Ahmed Tinubu-led Federal Government to explore the Public Private Partnership (PPP) option in addressing the country’s infrastructural challenges.
According to NAN, the expert disclosed this in separate interviews on Saturday in Lagos.
Speaking on the Nation’s growing debt profile and infrastructural deficits, the former Executive Secretary, Chartered Institute of Bankers of Nigeria (CIBN), Dr Uju Ogubunka, said the Federal Government could be innovative in fixing developmental projects without incurring more debts.
He stated that the government should explore Public-Private Partnerships to address its infrastructural challenges.
“This model is one of the solutions in tackling our infrastructural dearth due to our poor fiscal revenue currently,” Ogubunka said.
Also, Godwin Anono, the President of the Standard Shareholders Association of Nigeria, Mr Godwin Anono, stressed the need for the government to cut down on its rate of borrowing because the Country’s debt stock had assumed a worrisome dimension.
“The three tiers of government should reduce borrowings and be innovative in improving Internally Generated Revenue”, he said.
The Debt Management Office had stated that the Country’s debt rose to N49.85 trillion in March 2023 without including the Central Bank’s recently securitized Ways and Means N22.719 trillion Loan.
