Reporter

Rental Real Estate Is A Sound Investment For Any Market

Whether it’s stocks, commodities or real estate, all markets move in cycles. Markets can generally be classified as rising, falling or stable/stagnant. Many investments suffer in one or two of these cycles, while they prosper in another. Or, they can do well in one cycle and hold steady or suffer in one of the other two. The point is that many investments in stocks and commodities are dependent on market cycles for profit.

Inflation Influences Markets Differently

When prices for goods and services are rising at faster-than-normal rates, some stock prices can suffer due to the products or services of the corporations. When goods and services cost more, companies usually need to raise their prices to meet profit projections and please shareholders.

Click here to watch weekly episodes of Housing Development Programme on AIT

If there is too much competition to raise prices as needed, higher prices to deliver the company’s products or services will bring down profits, and the stock prices will suffer. A down market for stocks as a whole can result from inflationary trends.

Real estate, particularly rental real estate, responds quite differently to inflationary trends, as a rule. There are few more labor- and material-intensive products than a new home. Building a home when labor and materials prices are rising becomes more expensive, so the prices of new homes rise. This usually drives many buyers out of the market, but they still need a place to live. They will rent, so rents can rise from higher demand.

Another effect of higher new home prices is the pushing of buyers toward existing homes. Higher demand for existing homes will create upward pressure on prices, and more buyers will leave the market and rent. The values of the rental homes rise, so the investor-owners enjoy higher equity. They also can often raise rents to increase their cash flow.

Rising Interest Rates Influence Markets Differently

When interest rates are rising, many corporations that borrow to fund their operations will find their costs rising for the money they borrow. They will be in the same situation as the corporations that suffer from inflation. They will find that raising prices is necessary. If they can, they will often see lower demand, and their stock prices may suffer. If they pay dividends, they may reduce their dividend payments as well, usually a negative hit on their stock prices.

Source: Forbes

Amid inadequate infrastructure, states pump N251bn into non-viable airports

Bad roads, poor healthcare services, collapsing schools, inadequate housing and a lack of municipal services like waste collection or pipe-borne water have not deterred most Nigerian states from embarking on white elephant airport projects.

Apart from the 22 airports built by the Federal Government through the Federal Airports Authority of Nigeria (FAAN), many state governments are building such facilities, usually as a status symbol.

At the last count, 13 states have spent or propose to spend a total of N251 billion on establishing largely non-viable airports.

Click here to watch weekly episodes of Housing Development Programme on AIT

For instance, Bayelsa State spent N60 billion, Akwa Ibom (N20 billion), Delta and Jigawa (N17 billion each), and Bauchi and Kebbi spent N15 billion each on airport projects which stakeholders say have done little or nothing to improve their economies.

Also, Ogun, Ekiti, Abia, and Nasarawa States have proposed to spend N20 billion each in building and completing new international or cargo airports, while Osun has proposed N15.5 billion and Zamfara has proposed N12 billion for a similar project.

Anambra State in South Eastern Nigeria also plans a $2 billion (N720bn) cargo airport. However, the state government says a private company, Elite International Investments, will provide all funds under a build, operate, manage and transfer agreement.

Bayelsa State is the latest subnational entity to gleefully launch an airport.
Last week, Seriake Dickson, Bayelsa State governor, opened the Bayelsa International Airport, which he said gulped N60 billion.

Aviation analysts have said huge investments such as this are a misallocation of public resources and should have been invested in basic infrastructure such as roads, schools, housing and health care, amongst others.

Research checks show that up till now, the government of Bayelsa State has failed to provide basic housing and potable water for its communities, so residents rely on personal boreholes or water vendors.

An average borehole and tank stand, will cost between N200,000 and N250,000. Bayelsa State will require about 600 boreholes to cater for a good number of its citizens. Therefore, it will require between N120 million and N150 million to provide potable water for communities in Bayelsa.

If the N60 billion was channelled to housing, the government can provide a minimum of 12,000 low-cost housing units for the citizens of Bayelsa at the rate of N5 million per units. This, to a reasonable extent, will have taken care of housing challenges in the state.

“Potable water, health care and housing are the basic challenges in Bayelsa State. The people of Bayelsa are not pleased that the government can invest such huge sum to the construction of an airport, which is reserved for the few rich people in the state,” Essien Bassey, a resident in Bayelsa, told newsmen.

Experts argue that the viability of these multi-billion naira projects remains questionable, considering passenger and aircraft traffic originating and terminating from them.

John Ojikutu, aviation security consultant and secretary-general of the Aviation Safety Round Table Initiative (ASRTI), said that the first thing to look at before constructing any airport is the passenger traffic around the airports that surround the prospective airport.
Ojikutu further explained that Osubi airstrip in Warri and Port Harcourt International Airport, which are around Bayelsa, do not generate as much traffic when compared to Lagos and Abuja airports.

“Bayelsa does not require an international airport because passenger traffic at Port Harcourt airport is not up to 1.5 million annually and that of Osubi is about 500. Passenger traffic between Rivers, Bayelsa and part of Delta annually is in the region of 2 million, so why waste resources that should have been channelled to providing health care and water, which are missing in Bayelsa?” Ojikutu said.

“Anambra State is also building an airport. Anambra is close to Asaba and Enugu, which both process less than 2 million passengers annually. These airports have no benefit rather than political ego. Total air traffic passengers across all airports in Nigeria are less than 16 million. Johannesburg airport alone manages 22 million passengers. Lagos alone barely takes 10 million passengers, followed by Abuja. Other airports are just complementary,” he argued.

The states, however, argue that the existence of such facilities in their domains would help to stimulate socio-economic activities. They believe airports would shore up business activities and attract investments, adding that the existence of airports will enhance the creation of hubs to facilitate export of agricultural produce from the hinterlands to urban centres.

But Tayo Ojuri, an aviation consultant and CEO, Aglow Aviation Support Services, said although Bayelsa has a lot of opportunities for tourism and oil and gas businesses to thrive, what matters is how the airport is put to use.

“After investing so much in the construction of an airport, it will be a shame not to put the facilities to use as a result of low passenger traffic in and out of the airport,” Ojuri said.

The Asaba airport, for instance, has not been put to optimal use. A few airlines, including Arik Air, Aero and Overland Airways, were flying into the airport before it was downgraded by the Nigerian Civil Aviation Authority (NCAA).

The Akwa Ibom Airport in Uyo was completed a few years ago. The airport has relatively been unviable as only a few airlines, including Arik Air, and now Ibom Air, operate flights into it. The maintenance repair centre proposed for the Uyo airport has not been achieved.

In the Northwest, the Dutse airport in Jigawa, built by the administration of former Governor Sule Lamido for N15.5 billion, remains one of the nonviable terminals in the country. Its closeness to Yobe, Bauchi and Kano States has not attracted the envisaged patronage for the new airport which is only serviced by Overland Airways.

With skeletal flight services between Abuja and Dutse, the state capital, the dream of facilitating agro-allied exports from the airport remains largely a pipe one.

45,000 new homes could be built on empty sites in UK town and city centres-Report

There is around eight million square meters of vacant space in town and city centres across the UK, a third of which could be used to deliver 45,000 new homes, according to a new report.

The report, Making Sense of Mixed Use Town Centres from planning and development consultancy Turley says that a proactive mixed-use development strategy could help to address the current housing crisis but at the same time it should not be assumed that retail in High Streets is dead.

The creation of 45,000 new homes is based on the assumption that new residential developments do not exceed the height of existing buildings and the report points out that many more homes could be delivered if taller buildings are considered.

Click here to watch weekly episodes of Housing Development Programme on AIT

‘Securing the future of our town centres is a critical national issue and one that is rightly getting a lot of attention. These centres are vital to residents, communities and businesses alike and are engines of economic growth. It is vital that these areas are allowed to evolve and that the planning system is match fit to support this,’ said Richard Laming, senior director, head of economics, at Turley.

‘Our report is an attempt to put forward a positive vision for the future amidst the negativity that currently dominates the conversation. This starts with debunking the myth that the high street is dead,’ he added.

Planning team director Paul Keywood said that there needs to be balance in terms of planning. ‘We believe that for these centres to continue to succeed and serve the needs of their communities they need to embrace a mixed-use future where the balance of uses shifts from what we have traditionally seen,’ he explained.

‘A whole place but bespoke approach to each centre, that considers what is needed to make these places attractive and useful for communities and businesses, is essential,’ he added.

‘We should stop seeing High Streets solely as places to shop, and start to recognise them as potential residential centres as well. There are plenty of people who would love to live right in the heart of the action, and having more people move into our town centres would turn them into more vibrant and dynamic areas,’ he explained.

‘We’ve all had the experience of walking through high streets in the evening, only to find them deserted, resembling ghost towns, with no real activity until the start of the next working day. They can feel unsafe and unloved, and are hardly enjoyable places to visit,’ he pointed out.

‘By contrast, more people living in the middle of towns would mean that they would continue to be lively even after the shops were closed, helping footfall in local pubs, theatres and restaurants. Having more people around would make them safer, turn them into desirable destinations after dark, and at last breathe life back into our town centres,’ he added.

Difference between A House and A Home

House is a permanent structure, a building.

House generally refers to a building in which someone lives.

But a house is still a house, even if there is no one living inside the building.

Example: We decided to sell the house and move back to Seattle.

Click here to watch weekly episodes of Housing Development Programme on AIT

  • Home is the place where you live or the location where you feel that you belong, so a home can be a building or a location.

Home has more emotional feelings than the world house, it represents comfort, safety.

A home can also be the town/ city/ country where you grew up.

Example: Last night we stayed at home and watched TV.

How to Use HOUSE and HOME

Home acts similar to words like herethere, inoutsomewhere, …. House does not.

Ex: They have a beautiful home in Hong Kong

Home carries more respect than house, so you can use it when you want to be polite to someone.

Ex: Good luck in your new home!

When you’re talking to other people about your own place, you usually use house instead of home.

Ex: Why don’t you all come over to our house for coffee?

Difference between A House and A Home | Image

Difference between A House and A Home

Source: ESLBUZZ

CEO Jumia Nigeria calls presidential candidates to prioritise investment in infrastructure

The Chief Executive Officer, Jumia Nigeria, Mrs Juliet Anammah, has called on all the presidential candidates and those vying for the National Assembly seats in the 2019 general elections to prioritise investment in infrastructure.

She also urged them to promote bills that would foster the country’s digital economy when elected into office.

A statement by the company on Tuesday quoted Anammah as making the call in Lagos while discussing how the outcome of the elections might impact e-commerce businesses.

She noted that the industry had the potential of becoming a top contributor to the country’s Gross Domestic Product, which recorded a 1.90 per cent growth in 2018, compared to 0.80 per cent in 2017.

She emphasised that for Nigeria to achieve significant economic growth and its millennium development goals, huge investment must be committed to addressing the infrastructure deficits in the country.

paint

This, according to her, is because the bulk of most business transactions depend heavily on logistics, citing Jumia as an example.

“The outcome of the 2019 elections will have an enormous impact on investment policies, debt management, public sector spending, and security and governance reforms, among others. One of the fundamental areas of the economy needing urgent attention is infrastructure,” she added.

Anammah added, “While considerable improvements have been made, I will like to urge the candidates aspiring for political offices to influence and implement policies that will foster economic growth by investing in infrastructure, non-oil sector, and the digital economy powered by technology,” she added.

NBS: Nigerian economy attract $43bn investments in four years

Between January 2015 and December 2018, the Nigerian economy attracted a total investment of $43.81bn, investigations have revealed

Based on the official N305 to a dollar exchange rate of the Central Bank of Nigeria, the $43.81bn translates into about N13.36tn

Documents of the country’s investment inflows obtained from the National Bureau of Statistics revealed that the investment came from three main sources.

They were Foreign Direct Investments made up of equity and other capital; Portfolio investment which comprised equity, bond and money market instruments; and other investments which were made up of trade credits, loans, currency deposit and other claims.

Further analysis of the report showed that Nigeria’s foreign exchange policy, the Economic Recovery and Growth Plan and the economic recession witnessed in 2016 largely shaped capital importation over the period.

For instance, investigations showed that prior to the economic recession of 2015, the level of investment inflows was at an upward trajectory.

However, at the onset of the economic crisis few months after the inauguration of President Muhammadu Buhari, findings showed that investment inflow recorded a sharp decline to almost half of the 2014 value of $20.76bn dropping to $9.65bn in 2015.

Further analysis of the report revealed that in 2016, the value of investment inflow remained depressed, decreasing by $4.55bn from $9.65bn in 2015 to $5.1bn.

It, however, noted that a recovery began in 2017, as investors raised their stake by $7.1bn to $12.2bn.

In the 2018 fiscal period, the country attracted about $16.81bn investment, the NBS data showed.

In 2018, the largest amount of investment inflow by type was received through portfolio investment, which accounted for $11.8bn or 70.20 per cent.

This was followed by other investment, which accounted for $3.81bn or 22.69 per cent of total capital, while Foreign Direct Investment had $1.19bn or 7.11 per cent of total capital imported in 2018.

In terms of destination, the report stated that the United Kingdom emerged as the top source of capital investment in Nigeria in 2018 with $6bn. This, it noted, accounted for 35.74 per cent of the total capital inflow in 2018.

This was followed by the United States with $3.57bn;  South Africa, $1.15bn; the United Arab Emirates, $937.19m;  Belgium, $886.08m; and Singapore, $780.87m.

Others were Ghana, $626.44m; Mauritius, $560.87m; The Netherlands, $373.08m; and Switzerland, $355.98m.

The Executive Secretary, Nigeria Investment Promotion Commission, Yewande Sadiku,  had said that the government was committed to attracting fresh investments in key sectors of the economy.

Sadiku said the commission now had a seamless collaboration with the states to enable it to monitor closely investments inflow into the country, as a one-stop centre.

She said the commission was working with key stakeholders to see more Nigerians invest in the country, adding that the current efforts of the NIPC in working more closely with the states was to increase the level of investment inflow into the country and to ensure seamless collaboration and proper tracking.

She said, “We are interested in seeing more Nigerians invest in the country, and we have a Domestic Direct Investment model now in the commission and we are working with the National Bureau of Statistics to track investments inflow into the country.”

“The current efforts of the NIPC in working more closely with the states is to increase the level of investment inflow into the country, and to ensure seamless collaboration and proper tracking.”

Ethiopia contracts Chinese companies to complete Nile dam construction

In a bid to accelerate the pace of the construction of Ethiopia’s strategic dam, the country has contracted the services of two Chinese companies.

The Ethiopian Electric Power (EEP) on Tuesday signed a contract worth $40m with China Gezhouba Group Co., Ltd (CGGC). CGCG will henceforth handle the pre-commissioning activities at the dam, that is expected to be operational by 2020.

‘‘CGGC is expected to work aggressively in partnership with other companies in order to complete the project as per schedule,’‘ EEP’s CEO Abrham Belay said.

EEP also signed a contract worth $113m with Voith Hydro Shanghai, that includes the electrical, mechanical, and various civil/structural works required to complete the construction of the generating station and spillways of GERD.

Click here to watch weekly episodes of Housing Development Programme on AIT

A long overdue project

The 6,000-megawatt Grand Renaissance Dam is the centrepiece of Ethiopia’s bid to become Africa’s biggest power exporter.

Last year, Ethiopia’s prime minister Abiy Ahmed cancelled the contract of a state-run military conglomerate, Metals and Engineering Corporation (METEC), to build the dam’s turbines.

Abiy said at the time that not a single turbine was operational more than seven years after the government awarded the contract to METEC.

The dam has also been a source of constant friction between Egypt and Ethiopia’s competing energy and water interests respectively.

Egypt fears the project will reduce waters that run to its fields and reservoirs from the Nile river in Ethiopia’s highlands and via Sudan.

A Tripartite Infrastructure Fund that to deal with issues relating to the GERD was established in May last year, in addition to a resolution to regularise the summit of the leaders, to be held every six months alternately in the capitals of the three countries.

Source: Africanews

Solar Roof Tiles Are The Future Of Eco Homes And Friendly To Home Budget

Solar roof tiles are new invention that can help a lot in saving energy and lowering the electricity bills. The solar energy is what can provide so much for your home heat without too many costs.

There are many alternative energy solutions that are more and more attractive lately but solar energy is maybe something that is endless and easiest one. Having a warm home and water is a big problem that needs a serious solution.

Click here to watch weekly episodes of Housing Development Programme on AIT

With the great earth pollution and heating materials that do harm to the planet we are done. We should consider about other ways of bringing heat in our home instead of cutting trees and ruining the natural eco system.

In the past this solar systems were so expensive and not everyone could afford it to buy and install it for their home. But, trough the years it became not so expensive and people can install it to their homes using it trough every season of the year. It is important to have a sunny day so the water of the system will be hotter. If not, there is always an alternative way to heat the water or the home interior.

This solar photovoltaic tiles are very nice looking and are way better than the old panels on the roof of the houses. Those panels can go and retired because this is new innovative solution that works fabulous! The tiles are made of natural clay or slate slabs that have small solar panels inserted on the flat surface that should be exposed to the sun. Installing of those panels is very easy because of their shape and double function – tiles. They have so high energy yield although they are so small and flexible.

There are also transparent solar tiles with highest aesthetical look. Those tiles are also very resistant to all weather conditions although are made of Plexiglas or PMMA. This material is even way better because it allows the sun come in trough the roof. They allow 90% of the natural light to come in your home.

Housing for people with mental illness is important- Mental health lawyer

Upon reading the terrible story of Paulette Reeves, allegedly murdered by her mentally ill son, I couldn’t help but reflect on the families I’ve known who have felt afraid of their own loved ones with serious mental illness. Like Paulette, they’ve lived under the same roof as individuals becoming increasingly symptomatic, but felt they had little choice given the lack of community housing options and long-term care solutions. The choice seems to be to live in fear or send a loved one to the streets.

Although those with mental illness are much more likely to be victimized than harm others, rare tragedies do take place, and are too often accompanied by ominous warnings. Ms. Reeves herself is reported to have shared grave concerns about her son with a friend, saying “I don’t know what to do anymore, I’m nervous. I think that boy is going to kill me.”

Click here to watch weekly episodes of Housing Development Programme on AIT

When families of mentally ill loved ones have such fears, it is critical that clinicians, advocates and other professionals take them seriously. Immediate hospitalization is often the best course of action but might require a court order to involuntarily direct the loved one in question to an emergency room for evaluation and hopefully admission. This process requires an experienced mental health attorney to not only successfully petition the court, but also guide loved ones through any necessary follow up, such as discharge planning, supportive services and other legal proceedings, and crucially, housing placement, otherwise he or she just ends up back home again… until the next time symptoms surface.

For many, this is an all-too familiar, toxic cycle that wholly depletes families’ capacity for anything but round-the-clock care-taking and worry. They fear for their safety and for others in the household, especially when children are present. Of course, they also worry about the loved ones in crisis, but the emotional toll of living under one roof often comes to interfere with an ability to empathize. Over time, this dysfunction can even exacerbate their loved ones’ already-persistent symptoms.

Unfortunately, there is a severe lack of housing alternatives for people with mental health issues. My clients have spent years on waiting lists for the few programs that provide appropriate supervised housing with necessary supportive services. In lieu of this, it’s possible to get creative with month-to-month rentals and home care teams, often consisting of case managers, home health aides and even security detail. But the expense is so enormous that only families of means have the option.

If this country is serious about preventing the violence that is at least partly caused by mental health crises, our federal and state government must designate more funding for community-based housing that is specifically tailored for those with the kind of mental illnesses that tear families apart, causing confusion, hopelessness, and heartbreak.

By: Carolyn Reinach Wolf

NSE as an instrument for bridging infrastructural gap

All over the world, infrastructure helps to fast-track economic development by increasing productivity and providing amenities, which enhance the quality of life. The services generated as a result of an adequate infrastructure base will translate to an increase in aggregate output.
However, investment in infrastructure services, such as transportation (roads), electricity and water are intermediate inputs to production. This is because infrastructure services tend to raise productivity of other factors, as it is often described as the ‘unpaid factor of production’

Although, Nigerian Capital market have suffered monumental losses due to sustainable decline in stock prices resulting in huge decline in investment value occasioned by the financial crisis, the country’s huge infrastructural deficit in power, housing, roads, healthcare, port services among others, have contributed to a large extent in retarding the overall growth and development of the sector, which is center for capital formation.

Click here to watch weekly episodes of Housing Development Programme on AIT

Meanwhile, against this backdrop of the comatose state of the industry, stock market operators have agreed that the growth of investment business in any nation largely depends on economic development, calling on authorities to intensify efforts on infrastructural development to enhance citizens’ standard of living.

However, the operators also believe that since the banking sources are unable to meet the growing financing need in Nigeria’s infrastructure, there is need to bridge the infrastructural gap through the nation’s debt capital market to achieve the desired growth.

Debt Capital Market

Debt Capital Market is a market for trading debt securities where business enterprises (companies) and governments can raise long-term funds. This includes private placement as well as organized markets and exchanges.

The debt capital market trades in such financial instruments, which pays interest. There are the bonds and several loans, which act as the prime financial instrument of this market. Because of this interest factor, the debt capital market is also known as fixed income market.

Debt capital market and equity market jointly makes the capital market. These markets are used by the governments and several companies for raising funds for long and short term. The trade in these markets is executed through several financial instruments.

Debt capital usually refers to long-term capital, specifically bonds, rather than short-term loans to be paid off within one year. If the short-term debt is continually rolled over, however, it can be considered relatively permanent and thus debt capital.

Need for FG to utilise capital market

Stockbrokers have called on the federal government to take advantage of investment opportunities in the capital market to mobilize funds to execute development projects.
They also identified communication gap between the government and the market as one of the reasons for government’s inability to put the capital market on the front burner of Nigeria’s economic revival strategy, urging to place the market on the same pedestal with money market without further delay.

At an interactive session between stockbrokers and federal government’s economic team in Lagos, the President and Chairman of Council, Chartered Institute of Stockbrokers (CIS), Mr.Adedapo.Adekoje, explained that the federal government needed to utilize the capital market to fund the 2019 fiscal budget with ease.

According to him, government’s investment through Savings Bond and similar asset classes could not fully finance infrastructural deficit, hence, the urgent need to float revenue bonds in addition to general purpose bonds.
Adekoje reiterated the need to re-constitute the board of the Securities and Exchange Commission (SEC) and accord the Commission a status of independence like the Central Bank of Nigeria (CBN) in line with the global best practices.
The representative of Vice President and Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, who assured stockbrokers of government’s willingness to partner with the market operators to ensure double digit growth, presented various efforts of the government to ensure sustainable growth of the economy.

In his presentation titled ‘Re-Building An Economy’, Enelamah explained the status report of the programmes such as ease of doing business in Nigeria, industrial policy and competitiveness, special economic zones, targeted sector policy reforms and trade agreements among others.
Responding to questions during an interactive session moderated by the Chairman, Capital Bancorp Plc, Mr Tola Mobolurin, Enelamah advised stockbrokers to make their specific needs known to the government, assuring them of prompt response.
Corroborating him, the Executive Secretary.and Chief Executive Officer, Nigeria Investment Promotion Commission (NIPC), Ms Yewande Sadiku explained the efforts being made by the Commission to attract investors across the globe into Nigeria through an array of incentives. Sadiku advised stockbrokers to visit the website of NIPC regularly and make input on how to attract investors.

In his earlier presentation titled: “ Strategies To Achieve Double-Digit Growth For Nigeria: The Capital Market Option”, the Institute’s Past President, Mr.Mike Itegboje, explained that developed economies leveraged on the capital market for economic growth. and development.
He urged government to borrow a leaf from countries such as the United States of America and China, which deliberately place premium on utilization of their capital markets for developmental purposes.
“The U.S. capital markets are the bedrock of the nation’s economy and the deepest and most liquid in the world,” he said.

“That depth and efficiency is evidenced by the size of the gross domestic product, the strength of the U.S. commercial sector, the level of home ownership and the vast national infrastructure across the fifty states in comparison to the rest of the world.”
Acting Director General, Securities and Exchange Commission (SEC), Ms Mary Uduk advocated privatization of moribund government enterprises by using the capital market as a platform. According to her, this will not only ensure revival of the companies but also deepen the market after listing.

Uduk underscored the essence of the Commission’s Ten-Year Development Plan designed to make Nigeria’s capital market competitive.

The Managing Director/ Chief Executive Officer, Chapel Hill Denham Group, Mr. Bolaji Balogun, had said that banking sources are unable to meet the growing financing need in Nigeria’s infrastructure, as banks would have to grow loans at circa 20 per cent per annum to meet this requirement, compared to circa 9 per cent 2009-14 CAGR.

He noted that tighter regulatory requirements under Basel III rules will increase the pricing and reduction in supply of long term bank debt, restricting long-dated bank lending in the absence of long term deposits.
Balogun said using domestic capital sources as an alternative source financing was necessary to make infrastructure sustainable and viable.
He listed options for sustainable DCM structure to include project bonds and infrastructure debt funds.

Balogun noted that infrastructure equity is more suitable to private equity, SWFs and large family offices with greater exposure to the asset class and expertise in infrastructure financing.
He said given the relatively early stage of infrastructure financing in Nigeria, infrastructure debt funds perhaps represent the best near term approach for pension funds and other institutions to invest in infrastructure debt.

Need to attract, retain investments

Stakeholders in the capital market have also been urged to continue to take positive steps to attract and retain both local and foreign investments to stimulate economic growth and developed critical infrastructure necessary for the country’s development.
Uduk stated this recently at the formal launch of the book ‘Riding the Eagle’ written by Mrs Toyin Sanni in Lagos.

She noted that during the decision-making process, investors want to be sure of the rational basis of their investment decisions before transferring resources, and this is why quality information is needed.
She said: “Providing information to investors will enhance transparency in the Nigerian markets and improve our global reputation in the investment community.

“Riding the Eagle meets this imperative by providing comprehensive and up-to-date information on investing in the Nigerian markets via a roadmap and guide for foreign, domestic, institutional and individual investors alike. It also examines the challenges faced by the Nigerian economy across sectors, past and recent success stories and solutions to some of the nation’s economic and development challenges.

She said the book goes into details on the key sectors that drive the performance of the Nigerian economy and what investment opportunities are available for interested investors and motivated entrepreneurs.
“The book serves investor interests through this comprehensive and authoritative work on investment opportunities in the Nigerian economy.
“It is imperative therefore that we all as stakeholders continue to take positive steps to attract and retain both local and foreign investments to stimulate economic growth and develop critical infrastructure necessary for our country’s development,” she added.

Government needs to focus strongly on institutional policy changes and sector reforms. This is essential towards improving the investment climate capable of attracting private investors at the level that can meaningfully aim at financing the nation’s infrastructure deficit and meeting her strategic programme over a more attainable time line.

Translate »