Managing Director, MD, Investment Banking at the United Capital Plc, Babatunde Obaniyi, in this interview speaks on fund raising from Nigerian capital market to finance infrastructure deficits, mergers and acquisitions to meet capital requirements of corporate entities, apathy for equities, need for diversification to fixed income instruments, power sector challenges, among other issues. Excerpts:
By Peter Egwuatu
WHAT are the critical issues that will further improve the state of infrastructure in Nigeria?
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To improve infrastructure Nigeria needs to choose between being a capitalist or socialist economy. At the moment, what is obtainable is a situation where government is trying to figure out all the solution with minimal private sector participation. Some of the issues are traceable to legislation, as in the case of the power sector,…
Source: Vanguard Newspaper