Infrastructural Gap: CBN, Bankers’ Committee to finance four roads
By Ngozi Onyeakusi — In an bid to bridge infrastructural gap in the country, the Central Bank of Nigeria (CBN) in collaboration with the Bankers Committee, said it will work with the Federal Government to finance four roads in the country.
This, among others is the fall out of the 348th bankers committee meeting held Tuesday in Lagos.
Briefing the journalists after the meeting the Director, Banking Supervision, CBN, Mr Bello Hassan made disclosed that the government requested the committee to consider participating in bridging the infrastructure gap in the country.
According to Hassan, in respond to call by the government to assist in infrastructural gap in the country, the committee has considered funding four roads, giving the fact that government could not provide typical infrastructure alone.
“The government has invited the committee of bankers to also consider the possibility of Public Private partnership (PPP) in bridging the infrastructural gap.
”It is to that extent that the committee considered coming in to see how we can finance about four roads,” he said.
The Managing Director, FSDH MERCHANT Bank, Mrs Hamda Ambah, said government alone could not provide the infrastructure needed in the country.
She said: ” We have created a small committee among the CEOs to work with the CBN to identify those roads where we would like to participate and come up with a framework which we would share with government, and once we have an agreement, we would be able to forge ahead.’’
The performance of Nigeria Incentive-Based Risk Sharing system for Agricultural Lending (NIRSAL) Microfinance bank was also reviewed as well as its impact on the lower segment of the society.
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