The Managing Director/Chief Executive, Skystone Capital & Investment Limited, Mr Ola Olabinjo, has identified debt capital financing as the major solution to the country’s infrastructure deficit.
He said at a meeting in Lagos that the quest by the Federal Government to develop the critical infrastructure needed to attract investment, growth and development could only be achieved through debt capital financing. Olabinjo said that the continued allocation and appropriation in the budget for development of the critical infrastructure sector of the economy amounted to paying lip service to infrastructure development.
This means that legally the interest on debt capital must be repaid in full before any dividends are paid to any suppliers of equity
Debt capital is the capital that a business raises by taking out a loan. It is a loan made to a company,typically as growth capital, and is normally repaid at some future date.
We are only good analysis with no implementation. Mr ola please convince those selfish politicians and our government that all way forward is loans to improve small business. Small business will help Nigeria economic growth
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