Emefiele urges OPS to float infrastructure bond – TheNigerialawyer

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin
Emefiele, has advised corporate bodies in the country to take
advantage of the Presidential Order 7 to raise infrastructure bonds
at concessionary rates.

According to him, this will help boost the Federal Government’s
plan to develop infrastructure in the country.

Emefiele gave the charge on Saturday, during an inspection of
the ongoing road construction from the Apapa Port to the
Lagos-Ibadan Expressway toll gate being undertaken by the Dangote
Group.

He commended President Muhammadu Buhari for signing Executive
Order 7, which opened the opportunity for private companies to
intervene in infrastructure.

According to him, the Apapa Port Road being constructed by the
Dangote Group was comparable to those constructed in the countries
with more developed technology.

“It is a good thing for this country. When we talk about the
Ease of Doing Business, you can imagine a situation whereby people
have been complaining about the ease of transporting their goods
out of the Apapa port,” he added.

While commending Alhaji Aliko Dangote for taking the initiative,
Emefiele expressed hope that the road would ease the traffic
challenge on the route, particularly for trucks conveying cleared
goods from the ports.

He further commended the Dangote Group for using local content,
stressing that “this is 100 per cent local content. Dangote uses
his cement on this road, the rods I understand are coming from
African Foundries that smelted waste steel, which is converted into
iron bars and are being used for the road.”