Vice President Yemi Osinbajo has disclosed that the federal government would explore various options to bridge infrastructure gap in Nigeria going forward.
Represented by acting director general of Securities and Exchange Commission, Mary Uduk, at the 2019 Nigerian Capital Markets Conference in Lagos, the Osinbajo noted that government is doing this through direct expenditure and incentives for the private sector participation.
These incentives among others include tax credit schemes, innovative bond scheme such as Sukuk and Diaspora Bonds, major reforms in deep oil shore venture with IOCs, as well as issuance of licences to build terminals and creation of investors protection fund
Osinbajo said there has been an increase in capital project allocation which on the average stands 30%, assuring that government would continue to sustain growth and create jobs.
