Experts Say Capital Markets Great For States, LG Finance 

Experts Say Capital Markets Great For States, LG Finance 

Author: Africa Business Radio January 9, 2023 Duration: 32:34
News Express
Business
After Many Decades Of relying on a revenue sharing formula that allocates funds from a central pool that has gradually become inadequate to meet basic and developmental needs, experts have challenged Nigeria’s subnational governments, comprising states and local governments, to put on their revenue generation creative cap and expand their view to see the capital markets as veritable exploration grounds to finance their small, medium and large ticket programmes.
At a recent webinar of the IGR Initia tive, an initiative supported by Business A.M. and convened by Martin Ike-Muonso, a professor of economics and an investment banking expert, Teslim ShittaBey, managing editor of financial information service hub, Proshare Nigeria, observed that there is currently a low rate of subnational governments (SNGs) using equity and other relevant long term capital instruments to produce significant fundings for development projects

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Author: Language: English Episodes: 100

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