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Greater PPP Will Further Develop Nigeria – Ambassadorial Nominee

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From Kehinde Akinpelu,  Ilorin 

Ambassadorial nominee, Prof Abayomi Sunday Fasina, has said that greater private-public-partnership (PPP) will play prominent for further Nigeria.

He opined that President Bola Tinubu’s administration has initiated and implementing policies, programmes and projects that will catapult Nigeria to greater development and become a cynosure in the comity of nations.

He, therefore, called on the private and corporate sectors as well as individuals to collaborate with the administration for the upliftment of the nation.

He profusely thanked President Tinubu for nominating him for the post of Nigeria’s ambassador.

When approached on Thursday by journalists on how he feels about his nomination, he also said, he was excited over the nomination.

He said: “I want to thank Mr. President very much for nominating me. He has the confidence in me that I can deliver. I want to thank him for this nomination and the confidence that he has in me.

“He has also made many fantastic appointments of competent people in the past. He believes in merit and that has shown in his appointments.”

Fasina, who is a former Vice-Chancellor of the Federal University Oye-Ekiti,; Ekiti State, said he will facilitate bilateral dialogues with skill development institutions in host country to engage Nigerian youth, especially those in the diaspora, on areas of skills acquisition and he would encourage those youth to return back home to contribute to the national development

He said Nigeria has enormous potential and with favourable policies and good operating environment as the Tinubu administration has been providing, Nigerian youths need to maximise those oportunities.

He opined that the youths are vibrant, resourcesful, energetic, adventurous, resilient, productive, technologically savvy, and determined to achieve growth.

The Prof said that even if the youth travel abroad to acquire more knowledge, they should come back and contribute their quota towards nation building and development.

Fasina said: “For me, I used to tell people, if you must travel abroad, you must go with the aim of knowledge and skills acquisition and bring it back to your country. We need to develop our country.

‘In tourism, we have many exciting sites that when properly developed and harnessed, people from other countries will be trooping in there for tourism. Some of the best tourism centers in Africa are Nigeria.

There are many of such places in this country. And once we develop them and put our own people there, train them, they would make a lot of money for the establishments and the nation as well as earn huge income for themselves. I tell the youth to sit down, think outside the box,; generate good ideas and create the wealth for themselves and the nation.

“People of other countries are using their resources to develop their countries and making things easier for their people.”

So we need to build Nigeria as a nation, develop it in a way that we produce what we use and use what we produce. And in a way, that people from other countries will come here to promote our economy.”

   

About author
Time Nigeria is a modern and general interest Magazine with its Headquarters in Abuja. The Magazine has a remarkable difference in editorial philosophy and goals, it adheres strictly to the ethics of Journalism by using the finest ethos of the profession to promote peace among citizens; identifying and harnessing the nation’s vast resources; celebrating achievements of government agencies, individuals, groups and corporate organizations and above all, repositioning Nigeria for the needed growth and development. Time Nigeria gives emphasis to places and issues that have not been given adequate attention by others. The Magazine is national in outlook and is currently being read and patronized both in print and on our vibrant and active online platform (www.timenigeria.com).
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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. 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