The Chartered Institute of Stockbrokers, CIS, has declared that the 29 percent allocated to the capital expenditure in the proposed 2021 national budget is not enough to address Nigeria’s infrastructural gap.
To this effect, the Institute has called on the Federal Government to dissect the funding gaps in Nigeria’s budget and choose the capital market option to bridge the gap.
Speaking to Vanguard ahead of the Institute’s forthcoming annual conference, the CIS President, Olatunde Amolegbe, said, “We believe even with the 29% allocation to capital expenditure –about N3.4 trillion, is not sufficient to bridge the gap given the neglect in the past compared to about $14 billion annual requirement so the capital market via
