Nigerian infrastructure not developed as bankable projects - Prof. Iyangete

The immediate past managing director/ CEO Nigeria Mortgage Refinance Company (NMRC), Prof. Charles Inyangete, has said most public infrastructure in Nigeria are not developed as bankable projects thus are a disincentive to private investments.

Prof. Inyangete who spoke, yesterday, at the sidelines of the Total Facilities Management Ltd FM Forum in Abuja to mark the World Facilities Management Day, said Nigeria needed to make her infrastructure bankable. The FM forum had the theme ‘Enabling Positive Experiences in an Evolving Economy’.

He said there is huge private capital waiting to be tapped from to build infrastructure but government must be willing to provide the right environment.

“Right from the conceptual point of view, we will have to design our projects in a way that whoever is investing from the private sector, will get return on investments. That is so critical. We need to have in place rules that are clear and the policies that support investment must be in place,” he added.

Also speaking, the MD/ CEO, Max-Migold Ltd, Mr. Paul Urubami, said “there is a lot of money in private hands. A lot of funds looking for guaranteed investment opportunities. The private sector holds more than 95% of the economy. It is just to create the right environment to unlock the potentials” he assured.