Shareholders Canvass Use of Capital Market for Infrastructure Financing

The Independent Shareholders Association of Nigeria (ISAN) has stressed the need for the federal government use the nation’s capital market to address the country’s infrastructure challenges.

ISAN National Coordinator, ISAN, Mr. Adeniyi Adebisi, stated this in Lagos, while speaking on the high points of the association’s forthcoming sixth triennial delegates conference and Gala Night.

According to him, said there should be conscious efforts by government and stakeholders to open up the capital market to tackle the country’s infrastructure deficit.

He said that the conference themed: “Elevating the Nigerian Capital Market for Global Visibility”, would expose the potential of the capital market in addressing infrastructure challenges.

“These days and times, we believe that conscious efforts should be made to open up our capital market to the whole wide world through which funds for infrastructural development can flow in.

“When this is done and government leaves the responsibilities of infrastructure to private enterprises who will be confident that they will be able to raise any level of capital required from local and foreign sources,” Adebisi said.

He stated that the conference is a three-year event that brings ISAN members and all strategic stakeholders together to address issues affecting the capital market and the economy in general.

Adebisi said the event, which would take place this Wednesday, offers an avenue to address issues that are pertinent to economic development and corporate governance.

The Head, Debt Capital Markets, FBNQuest Merchant Bank Limited, Oluseun Olatidoye, had previously said the federal government could tap into the capital markets for fund, using infrastructure bonds and other long term debt securities, for the development of various