The changing phase of project financing in Nigerian banks

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The principal point in the activities of governments at all levels in Nigeria is now Infrastructure development. This has to do with the fixed and tangible assets on which other intangibles can be built on. They include the provision of Housing, Power (electricity), Transport, Education, Communication, and Technology but not in limited scope. Therefore, as a result of the huge funding requirement for present and future infrastructural development and its attendant impact on survival and growth of businesses in Nigeria, experts believe that traditional funding methods can no longer suffice as the traditional fund providers; different levels of government do not have such resources at their disposal.

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August 30, 2015 |

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