Abuja File

Democracy in Bwari, a sour tale of neglect

3 Mins read

By Uche Asobie

Inspite of the proclamations of democracy dividends across the country, it is not yet Eldorado in some other parts of the country. To many residents of  Bwari, a local council in the FCT, there is little cause for cheer under the country’s new found democracy.

After two terms of eight years each under the watch of  the sons of the soil, pretty little is on ground in terms of development. The access roads to the secretariat, untouched in that terrible state of disrepair all these years, had often been  hurriedly sand-papered and overlaid with stone dust. Before now the tract of hardly more than one hundred meters had more than two hundred potholes. None of the duo of Peter Ushafa and Issa Dara thought it necessary to repair the roads. But the irony of this is not lost on the people. A village leader,  who craved anonymity,  wondered where the hope of the people laid.

Bwari is the most important metropolitan town in the council with its administrative apparatus, federal establishments and business ventures to boot, jostling for positions. It is a major money-dispensing point, with JAMB, the Nigerian Law School and the local council hosting thousands of  workers and contractors each month. No doubt then Bwari has its fair share of the hustle and bustle of the organized chaos of everyday business environment.

But none of these tend to impact on the surrounding villages and communities. Kushikwo, which hosts the Kushikwo Resettlement for persons displaced by the development of Jabi and Utako, and others, is still as rural as it can be.

In Barangoni as in Gaba, Zuma and Kuduru, the people are, however,  all praises for the Millennium Development Goals project.

Chief Solomon Azabo, the village head of Gaba community said, ‘our primary health care system  is coming through the MDG and are quite appreciative of the  efforts better  than  lots of the community.

In Zuma, the community said  MDG project personnel had been coming to help them process some of their agricultural produce. They also said  it was the MDGs that gives credit for their water.

Chief Danlami Nana, Chief of Barangoni,  said the health centre of the community was donated by Julius Berger Construction Company as part of its social responsibility to the community.

It may then not be surprising that areas where the people were impacted on  and to which they readily expressed happiness where external bodies were involved through the  Federal Government  and  international donor agencies.

Whether the area council would receive credit for such or not, it is remarkable to note that no effort is being made by it to cash into these good gestures and passable successes of the MDG project.

One would have expected the area council to be able to provide and maintain doctors and other health personnel for these health centres. This is one of the critical problems of Gaba community, according to Chief Azabo. They need doctors who will reside in the community so that in time of emergency they can find a ready attendant.

For now, there are no officials to supervise and oversee the  boreholes  and  render agricultural extension services to the people. Many of the villagers complained of the boreholes having faults, and the villagers  having to recourse to levying members to effect  repairs.

In Barangoni, as at the time of going to press, the people have gone for days without water, because the last time it did, it was the traditional ruler  who paid for the repairs. He had not been able to do so, this time.

All the villagers also  complained of having to go to Bwari for secondary education. No secondary school  is located in any of these villages. Ordinand Levi Chukwuma,  a religious leader, in Ushaffa, lamented that  ‘our children are being taken away.’

Walking through the Bwari town and the adjoining villages, one finds it difficult to point to the visible signs of the  gains of democracy. The visible signs of the achievements of successive local administrations in Bwari Area council are glaringly absent. And if the billboard advertising Peter Yohanna Ushafa over uncompleted Dutse market is anything to go by, then there are few places indeed where similar adverts could be made.

If this is not an advertisement of the incapabilities of the people who have been there at the helm, it is definitely an advertisement of the serious loss on the hapless people of  Bwari Area Council.

Development means much more than houses, infrastructure and enhanced economic activities. It is  about a  change in the psyche, mental capability, growth in understanding and application of rationality in life’s  situations as well as objective outlook on  life and existence.

Are the sons of the soil traversing the political space offering the platform for these?

 

   

About author
Time Nigeria is a general interest Magazine with its headquarters in Abuja, the nation’s Capital.
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The Missing Middle of Infrastructure Finance: Why Capital Still Fails to Become Infrastructure

6 Mins read
  By Chidi Nwafor  In October 2023, a Gulf sovereign wealth fund quietly closed a $2 billion allocation to global infrastructure, earmarked in part for emerging-market energy and transport assets. The announcement drew the usual applause: another sign, commentators said, that institutional capital was finally waking up to the infrastructure opportunity in the Global South. Eighteen months later, less than a tenth of that allocation had actually left the fund’s balance sheet. Not because the mandate had changed. Not because the fund had lost appetite. According to two people familiar with the portfolio, the constraint was simpler and more uncomfortable: there were not enough investable projects to put the money into. This is not a story about a reluctant investor. It is a story about capital that wants to move, cannot find enough places willing and able to receive it in a form it can underwrite, and quietly waits instead. Multiply that fund by the hundreds of pension schemes, sovereign wealth vehicles, commercial banks and infrastructure funds now carrying dedicated allocations for emerging-market infrastructure, and a pattern emerges that rarely makes it into a headline: the world is not short of capital for infrastructure. It has capital in historic abundance, sitting adjacent to a historic infrastructure gap, unable to cross the distance between the two. The Comfortable Explanation  The explanation on offer at every major infrastructure summit is a familiar one. Global infrastructure investment needs run into the tens of trillions of dollars over the coming decade; committed capital falls well short; therefore, the problem is one of insufficient funding, and the solution is more of it: more pledges, more blended-finance facilities, more climate funds, more multilateral capital increases. It is a comfortable explanation because it assigns responsibility clearly to governments who under-fund, institutions who under-commit, and it offers a clean remedy: raise more. It is also, on close inspection, not what the evidence shows. Pension funds globally hold trillions in assets under management with explicit infrastructure allocations that remain structurally underweight, not because trustees have rejected the asset class but because deal flow meeting their risk and governance thresholds has not materialised at the pace their mandates assume. Sovereign wealth funds report the same pattern. Commercial banks with dedicated project finance desks describe pipelines that look full at the term-sheet stage and thin dramatically by financial close. Development finance institutions, whose entire purpose is to absorb risk that commercial capital will not, routinely report that their binding constraint is not capital adequacy but the volume of bankable transactions their teams can originate and structure in a given year. None of this fits the scarcity narrative. All of it fits a different one. Availability Is Not Deployability  Capital availability and capital deployability are not the same condition, and the conflation of the two is doing real damage to how the world thinks about the infrastructure gap. Availability asks whether money exists somewhere with a mandate that could, in principle, be pointed at infrastructure. Deployability asks something much narrower and much harder: whether a specific project, at a specific moment, has been engineered, structured, documented and de-risked to the point where an investment committee can approve it without exception. The first condition is met, overwhelmingly, across nearly every category of capital that matters to infrastructure. The second is met by only a small fraction of the projects competing for it. The result is a market that looks, from the outside, like a financing gap, and functions, from the inside, like a conversion problem: an abundance of capital on one side, an abundance of infrastructure need on the other, and an underbuilt set of mechanisms in between capable of turning one into the other at any meaningful scale. Where the Conversion Breaks  The break does not happen at the ends of the process. It happens in the middle, in the unglamorous sequence of work that turns a plausible concept into an instrument a fiduciary can sign. A promising transmission project needs a feasibility study rigorous enough to survive institutional scrutiny rather than optimistic enough to attract early interest. It needs offtake arrangements that hold up under real counterparty and currency risk, not the counterparty risk assumed in a base case. It needs environmental and social documentation calibrated to the standards of the institutions being asked to fund it, not the standards of the jurisdiction hosting it. It needs a legal and commercial structure that allocates risk in ways a commercial lender, not only a development financier, will accept. It needs a sponsor capable of executing what has been proposed, not merely capable of proposing it. Each of these is ordinary project finance discipline. None of it is exotic, and in mature infrastructure markets it happens as a matter of course, absorbed into systems built over decades: specialist advisers, standard-form contracts, established procurement norms, deep pools of transaction expertise. What is missing in the markets where the infrastructure gap is largest is not the standard itself but the machinery that meets it. Projects arrive at investment committees with ambition intact and preparation incomplete, and that gap is treated, again and again, as an individual project’s failure rather than what it actually is: a structural absence in the systems responsible for producing investable transactions at scale. The Missing Middle  This is the Missing Middle of Infrastructure Finance: the institutional architecture that sits between capital that wants to move and infrastructure that needs building, and whose incompleteness explains far more of the global infrastructure gap than any shortfall in committed funds. It consists of project preparation facilities able to fund feasibility and structuring work before commercial viability has been proven. Transaction advisers capable of building deals that satisfy development mandates and commercial return thresholds at once, rather than treating the two as separate constituencies to be managed sequentially. Risk-sharing and guarantee instruments that convert political, regulatory and currency risk into something a commercial balance sheet can underwrite. Aggregation platforms that bundle smaller, individually sub-scale projects into portfolios large enough to justify institutional transaction costs. Standardised documentation that reduces the bespoke legal cost of every new deal. And coordination across ministries, regulators and financiers robust enough that a technically sound project does not die in bureaucratic sequencing after the money has already been found. None of these are new ideas in isolation. What is missing is their assembly into a coherent system, deliberately funded and institutionally accountable, rather than scattered across donor-funded pilots that end when the grant does. The African Dimension  Africa makes this dynamic unusually visible, and consequently offers an unusually clear opportunity to correct it. The continent’s infrastructure financing need, by any measure, is vast. Less understood is that the shortfall is disproportionately one of preparation rather than capital. Nigerian gas-to-power, off-grid solar and mini-grid developers have each demonstrated that individual projects can clear the bankability bar; what has not emerged is systemic pipeline scale, a steady stream of comparably prepared projects large enough to absorb the capital already circling the sector. The pattern repeats, with local variation, from grid infrastructure in East Africa to transport corridors in West Africa. Interested capital is rarely the scarce input. Investment-ready projects are. The Global Comparison  Mature markets solved this problem gradually and mostly invisibly, through decades of institution-building that predates the current infrastructure conversation: specialist project finance units inside banks, standardised PPP frameworks, established regulatory playbooks, deep benches of transaction lawyers and engineers who move between deals rather than between one-off assignments. Emerging and frontier markets are not being asked to meet a lower standard. They are being asked to meet the same standard without having built the same machinery, and then being told, when deals fail to close, that the problem is insufficient funding….
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