'I have a lot of hope in our economy. Right now if you do the GDP ranking, Nigeria is about number 30, but I am very confident that if we get our infrastructure right, our ranking will improve tremendously,” he said.
The Securities and Exchange Commission has said that the Nigerian capital market will aid infrastructural development in the country.Mr Yuguda expressed the belief that the Nigerian Capital Market, being an organised and specialised financial market that drives capital mobilisation through domestic savings and foreign capital inflows, is well positioned for the realisation of the infrastructure objectives of the nation.
“That means the youths and our people will get more employment and as you get more employment, people get more disposable income and need to find outlets to spend that income. Mr Yuguda recalled that in the past, most famous industries were sited close to rail lines to aid the transportation of heavy machinery and raw materials as well as finished products to consumers.
“I have a lot of hope in our economy. Right now if you do the GDP ranking, Nigeria is about number 30, but I am very confident that if we get our infrastructure right, our ranking will improve tremendously,” he said.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Right Of Reply: Re: “Anchor Borrowers’ Fraud”We have read the two-part series of the views of a certain Ustaz Abubakr Siddeeq Muhammad, who used a faith-based column in the Leadership newspaper on
Read more »
Filipinos demand right to divorcePhilippine mother-of-three Stella Sibonga is desperate to end a marriage she never wanted. But divorce in the Catholic-majority country is illegal, and a court annulment takes years.
Read more »
PDP has right to suspend, expel Wike if party's constitution is followed, court rulesA federal high court in Abuja says the Peoples Democratic Party (PDP) has the right to suspend or expel Nyesom Wike, former governor...
Read more »
PDP has right to suspend, expel Wike if party's constitution is followed, court rules | TheCableA federal high court in Abuja says the Peoples Democratic Party (PDP) has the right to suspend or expel Nyesom Wike, former governor of Rivers state.
Read more »
Spain signs law allowing menstrual leave for womenWomen in Spain now have the right to take time off work when they have their period, according to a new sexual and reproductive health law, which came
Read more »
AfDB Provides Funding For Nigeria, 4 Others To Deepen LPG MarketThe African Development Bank(AfDB) has set up the SEFA-funded COP26 Rapid Response Facility to provide short-term, demand-driven advisory support to Nigeria,
Read more »