FG URGED TO EXPLORE INNOVATIVE FINANCING OPTIONS TO FUND THE CAPITAL COMPONENTS OF THE PROPOSED 2025 BUDGET- PROF. UCHE 09-12-24
By Sadiq Aminu A professor of Capital Market, Uche Uwaleke wants the Federal Government to explore innovative financing options to fund the capital components of the proposed 2025 budget.
Professor Uwaleke stated this in Abuja at the 2024 Capital Markets Academics of Nigeria, CMAN, fellowship lecture and induction of new members.
At the occasion, the CMAN President and professor of capital market, Nassarawa state university, Keffi, Uche Uwaleke stressed the need for the Federal government to leverage on infrastructure and assets securitisation bonds to address the infrastructure needs of the country.
Delivering a lecture entitled the 2025 Proposed Budget And Capital Market Financing Options, Professor Uwaleke explained that there’s evidence of funding mismatch in the nation’s budget Implementation.
The Chairman, Senate committee on Banking, Insurance and other financial institutions, Senator Mukhail Abiru said the forum provided an avenu for stakeholders to to discussed on the various funding options for addressing the capital components of the budget.
The Chairman Fiscal responsibility commission, Mr Victor Murako said the key factor in any government borrowing is proper application of the funds to targeted areas.
The CMAN which had a targeted members of five hundred key players in the country, witnessed the induction of eight new members among whom were Chairman Senate Committee on Capital Market, Senator Osita Izunaso and a former Vice Chancellor of the Nassarawa state university, keffi, professor Muhammed Mainoma.
The Capital Market Academics of Nigeria, CMAN, is a think thank of imminent Nigerians who are key players in the nation’s economic sector.