Capital market operators have faulted government’s level of financial involvement in the provision of critical infrastructure, urging them to focus more on the formulation and implementation of policies that will impact positively on the lives of the people.

The operators, who gave the advice during the 22nd yearly conference of the Chartered Institute of Stockbrokers (CIS), in Lagos, at the weekend, argued that balanced approach would help to boost production in the country and generate more employment for the rising youth population.

Specifically, the Chief Executive Officer, Cowry Asset Management Limited, John Chukwu, said the need for government to show less involvement in the financing of key infrastructure, as well as allow the private sector to mobilise capital to fund these key infrastructure has become imperative.

“Government should concern itself in policy formulation and implementation of programmes that will transform the living standard of the people. There is still abject poverty in the country, as parents cannot afford to send their children to school and have quality education.

“In fact, there is lack of manpower in the education sector and government should find a way of boosting the sector,” he said.

The Chairman, Association of Stockbroking Houses of Nigeria (ASHON), Chief Patrick Ezeagu, pointed out that “government has no business being in business.”

“The provision of infrastructure is key, but the financing should be driven by the private sector. There should be Public Private Partnership, PPP in this key infrastructure so that government can pay more attention to the provision of enabling environment that will strive investment and production.

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Operators fault government’s infrastructure financing involvement http://www.sanwomi.com/2018/10/operators-fault-governments.html