The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, said the concession of Nigeria’s major roads in deplorable condition would ultimately reduce inflation, increase productivity, and strengthen the nation’s wobbling currency, the Naira.
The economist stated this on a monitored Broadcast program.
Rewane is a member of the Highway Development and Management Initiative (HDMI), an initiative of the Federal Government that aims to attract sustainable investment and funding for road infrastructure development and asset management along federal highway corridors through a Public-Private Partnership (PPP) model.
He said the initiative was the government’s way of getting out of the way so that the private sector can put money into it.
Rewane said kidnapping, which has become a disturbing occurrence around the nation’s highways, would be reduced.