Engi­neers tasked to find in­fra­struc­ture fund­ing op­tions

Daily Trust - - PROPERTY - By Us­man A. Bello

The Fed­eral Gov­ern­ment has called on Nige­ria engi­neers to de­velop more meth­ods of fi­nanc­ing in­fras­truc­tural projects in the coun­try.

The Sec­re­tary to the Gov­ern­ment of the Fed­er­a­tion (SGF) Engr. Babachir David Lawal said this last week at the Iron and Steel De­vel­op­ment Stake­hold­ers Work­shop or­ga­nized by the Nige­ria So­ci­ety of Engi­neers (NSE).

Ac­cord­ing him, gov­ern­ment ex­pects engi­neers to pro­pose ways of fund­ing projects to gov­ern­ment.

“We need to have more in­ge­nious ways of fi­nanc­ing in­fras­truc­tural projects in this coun­try be­cause it is no more

to gov­ern­ment as usual.

“We would welcome all sug­ges­tions that will di­rect us in ways that we have not been be­fore.

“We want to im­prove on road, ed­u­ca­tion, air trans­port and im­prove in­fra­struc­ture that gen­er­ate wealth,” he said.

Lawal blamed cor­rup­tion on the na­tion’s predica­ment as well as not be­ing able to fund projects, say­ing as long as “we are not ready to do some­thing on cor­rup­tion, we would not make progress in terms of in­dus­tri­al­iza­tion.

“Gov­ern­ment on its part can vote money for a pro­ject but some­one will just use the money to build houses in his vil­lage, buy more houses in Asokoro and Lon­don and send his chil­dren abroad’’.

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