{"id":52552,"date":"2021-09-28T06:27:24","date_gmt":"2021-09-28T05:27:24","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=52552"},"modified":"2021-09-28T06:27:24","modified_gmt":"2021-09-28T05:27:24","slug":"heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/","title":{"rendered":"Heritage Bank MD Tasks Govt On Policies To Support Private Sector Interventions For Infrastructure Growth"},"content":{"rendered":"

\u2026Cart away duo Platinum awards<\/b><\/p>\n

\nThe MD\/CEO of Heritage Bank Plc, Ifie Sekibo has called on governments to provide enabling policies that would support private sector interventions to achieve the vision of infrastructural development.<\/p>\n

He made this submission at the Finance Correspondents Association of Nigeria\u2019s (FICAN) 30th-anniversary conference and awards with the theme: \u201cFinancing Infrastructure & SMEs for inclusive growth in the post-COVID-19 economy,\u201d held weekend in Lagos, where the bank carted away\u00a0duo Platinum Awards presented to Ifie Sekibo and Heritage Bank for Outstanding Support towards FICAN and Financial Reporting, respectively.<\/p>\n

\"\"
From Left- Blaise Udunze, Team Lead Media and External Relations of Heritage Bank Plc; former Managing Director of Bank of Industry, Waheed Olagunju and the Chairman of Finance Correspondents Association of Nigeria, Titus Nwokoji, during the duo Platinum Awards presented to Ifie Sekibo and Heritage Bank for Outstanding Support towards FICAN and Financial Reporting, respectively at the Finance Correspondents Association of Nigeria\u2019s (FICAN) 30th-anniversary conference and awards with the theme: \u201cFinancing Infrastructure & SMEs for inclusive growth in the post-COVID-19 economy,\u201d held in Lagos, weekend.<\/figcaption><\/figure>\n

Sekibo who was represented by Olusegun Akanji, Divisional Head, Strategy and Business Solutions, argued that the government cannot solve the country\u2019s infrastructure challenges, noting that it is the private sector that will deliver the solution.<\/p>\n

According to him, the government can only provide enabling policies that will support private sector interventions.<\/p>\n

“We need the global private sector intervention to help us achieve a vision of infrastructural development,\u201d he said.<\/p>\n

He noted that until the country developed an identity management system that delivers value to the citizenry, SMEs will continue to grapple with financing challenges.<\/p>\n

He explained that though the banking industry has financed a lot of SMEs in terms of count, that it is the sector that has the largest numbers of bad loans and frauds in terms of count.<\/p>\n

MD of FMDQ Group, Bola Koko represented by Yomi\u00a0 Osinubi, Head Private Market, urged Nigeria to conceive a way its domestic capital market could fund the international capital market.<\/p>\n

That, he said, was the only way that we could pluck the infrastructure rewards.<\/p>\n

“If we want to pluck our infrastructure rewards, first of all we have to conceive of a way our domestic capital market can actually fund capital market.<\/p>\n

“But the investors in debt capital market international and debt, money will come into an environment where capital is expected and there is an expectation of good management of those resources and cash flows will come back to it.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

“So I think there’s the issue of maybe an underlying structure where we want to put in capital like road infrastructure tax payment.<\/p>\n

” If you want SMEs to get the best benefits of infrastructure development in the country, the CBN Governor mentioned the largest areas of course for SMEs which is energy.\u00a0 The second largest is the logistics, movements of cargo around the country,” he said.<\/p>\n

Executive Commissioner, Temidayo\u00a0 Obisan representing the Director General of Securities and Exchange Commission (SEC),Lamido yuguda advised that the nation connected the right duration of money which according to him would be long-term. “The major thing to identify is that infrastructure is a long-term thing,\u00a0 so it Is essential we connect the right duration of money which is long term capital which is what capital market provides and which sec as a regulator should.<\/p>\n

“We have about three surviving infrastructure focus funds in Nigeria now that are totalling almost a 100bn, itching about 90 billion at the moment and there are some that are registered programmes of 200billion,” he said.<\/p>\n

More so, the Chairman of FICAN, Titus Chima Nwokoji, said if Nigeria\u2019s infrastructural gap, which is estimated to be N36 trillion annually, is addressed, a lot of the country\u2019s economic challenges will be easily tackled.<\/p>\n

\u201cAnd coming out of COVID-19 pandemic, we know that if the infrastructure is fixed and SMEs thrive, the growth that you see will be faster,\u201d he added.<\/p>\n

 <\/p>\n

CAPTIONS-<\/b><\/p>\n

HB FICAN PIX 1<\/b><\/p>\n

L-R: Titus Nwokoji, Chairman of Finance Correspondents Association of Nigeria; Olusegun Akanji, Divisional Head, Strategy and Business Solutions of Heritage Bank Plc and former Chairman of FICAN and Deputy Business Editor of Vanguard, Babajide Komolafe,\u00a0during the duo Platinum Awards presented to Ifie Sekibo and Heritage Bank for Outstanding Support towards FICAN and Financial Reporting, respectively at the Finance Correspondents Association of Nigeria\u2019s (FICAN) 30th-anniversary conference and awards with the theme: \u201cFinancing Infrastructure & SMEs for inclusive growth in the post-COVID-19 economy,\u201d held in Lagos, weekend.<\/p>\n

\n<\/p>","protected":false},"excerpt":{"rendered":"

MD\/CEO of Heritage Bank Plc, Ifie Sekibo has called on governments to provide enabling policies that would support private sector interventions to achieve the vision of infrastructural development.<\/p>\n","protected":false},"author":6,"featured_media":52553,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23],"tags":[1189,1983],"coauthors":[2391],"class_list":["post-52552","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","tag-fmdq","tag-heritage-bank-plc"],"yoast_head":"\nHeritage Bank MD Tasks Govt On Policies To Support Private Sector Interventions For Infrastructure Growth - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Heritage Bank MD Tasks Govt On Policies To Support Private Sector Interventions For Infrastructure Growth - National Wire\" \/>\n<meta property=\"og:description\" content=\"MD\/CEO of Heritage Bank Plc, Ifie Sekibo has called on governments to provide enabling policies that would support private sector interventions to achieve the vision of infrastructural development.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-28T05:27:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2021\/09\/HB-FICAN-PIX-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"811\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2021\/09\/HB-FICAN-PIX-1.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2021\/09\/HB-FICAN-PIX-1.jpg\",\"width\":811,\"height\":720},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/\",\"name\":\"Heritage Bank MD Tasks Govt On Policies To Support Private Sector Interventions For Infrastructure Growth - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/#primaryimage\"},\"datePublished\":\"2021-09-28T05:27:24+00:00\",\"dateModified\":\"2021-09-28T05:27:24+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Heritage Bank MD Tasks Govt On Policies To Support Private Sector Interventions For Infrastructure Growth\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Heritage Bank MD Tasks Govt On Policies To Support Private Sector Interventions For Infrastructure Growth - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/","og_locale":"en_US","og_type":"article","og_title":"Heritage Bank MD Tasks Govt On Policies To Support Private Sector Interventions For Infrastructure Growth - National Wire","og_description":"MD\/CEO of Heritage Bank Plc, Ifie Sekibo has called on governments to provide enabling policies that would support private sector interventions to achieve the vision of infrastructural development.","og_url":"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/","og_site_name":"National Wire","article_published_time":"2021-09-28T05:27:24+00:00","og_image":[{"width":811,"height":720,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2021\/09\/HB-FICAN-PIX-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2021\/09\/HB-FICAN-PIX-1.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2021\/09\/HB-FICAN-PIX-1.jpg","width":811,"height":720},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/","name":"Heritage Bank MD Tasks Govt On Policies To Support Private Sector Interventions For Infrastructure Growth - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/#primaryimage"},"datePublished":"2021-09-28T05:27:24+00:00","dateModified":"2021-09-28T05:27:24+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-md-tasks-govt-on-policies-to-support-private-sector-interventions-for-infrastructure-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"Heritage Bank MD Tasks Govt On Policies To Support Private Sector Interventions For Infrastructure Growth"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/52552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=52552"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/52552\/revisions"}],"predecessor-version":[{"id":52555,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/52552\/revisions\/52555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/52553"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=52552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=52552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=52552"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=52552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}