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Nigeria’s infrastructure deficit falls short of international benchmark of 70%



NGX Jude Chiemeka e1698233305273

The acting Chief Executive Officer, of Nigerian Exchange Limited, Mr. Jude Chiemeka has said that Nigeria’s infrastructure deficit, amounting to 30% of its Gross Domestic Product (GDP), falls short of the international benchmark of 70% set by the World Bank.

Chiemeka stated this at a forum organized by the National Advisory Council (NAC) of the Chartered Institute for Securities and Investment (CISI) themed ” Exploring Opportunities in Volatile Market- Getting the Best of Infrastructure Funding, Risk Management, and Social Responsibility Investing” held in Lagos.

Speaking on ” Infrastructure Funding via Capital Market Instruments, Chiemeka, explained that robust infrastructure was necessary to grow an economy and improve the quality of life.

He noted that traditional funding sources like budgets and bank loans could not meet the growing demand for infrastructure investment.

Commenting on the Forum, the CISI Country Representative in Nigeria, Dr John Osuoha, urged the members to take advantage of the numerous opportunities that it provides.

The President, of NAC, Mrs. Ijeoma Onwu, in her welcome address, stated that members of CISI enjoyed numerous benefits, including free Continuing Professional Development and employment opportunities in over 75 countries after certification.