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Tuesday, 11/15/2016 4:19:28 PM

Tuesday, November 15, 2016 4:19:28 PM

Post# of 298910
UBA, on its Facebook page, seems supportive of expanding Nigeria out of recession, expected to be less threatening in 2017. "PPP" is public-private partnership financing of goods and services projects, and in the quote below, is financing a government expansion program. A more diverse economy means more transactions! Promoting that works for their Continent. Bill Gates probably is on board with Emailmoni types of new technology.
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". . . .it may be imperative to consider further liberalization of the attractive sectors of the Nigerian economy with a mix of privatization of paradoxically “worthy but idle” assets. This may also take the form of front loaded sale of future crude oil or other resource outputs through “commercially guided” forward contracts, with immediate payments, even if such will have to be at justified discounted value. Interestingly, such initiatives should open up new opportunities, competition and job creation that could give room to the long overdue expansion of the tax net. This does not necessarily mean that Nigeria cannot borrow to fund development projects but increasing the debt profile in the current interest rate environment may have more worrisome implication for the country. An alternative to open market borrowing is to leverage on the Central Bank balance sheet through a transparent PPP-led infrastructure development program that provides funding to the government at zero or subsidized rate."

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