H.E.Prince frank Ukonga commend the Acting President of Nigeria H.E. Professor Yemi Osinbajo on his vision to develop the African continent through PPP , in particular Focus on AFC

H.E Professor Yemi Osinbajo- Acting President of Nigeria

H.E.Prince frank Ukonga commend the Acting President of Nigeria H.E. Professor Yemi Osinbajo on his vision to develop the African continent through PPP , in particular Focus on AFC-;This is a very good and remarkable view of the role of the private sector , Market forces in partnership with African govts can achieve giant strides with the support of AFC...the initiative of Soludonomics in creating the AFC comes alive after a decade of investing in building a prosperous African Economic Community....it could be achieved but more works and consultations would be required and here we offer to advice on novae stratagems for accelerated development of the concept of PPP- Public- Private Partnership..we must be cautious in the aspects of Commercial Banks lending for infrastructural Developments....
Regional Banking concept can mediate through capital syndication from donors and global financial actors..but home grown Regional Banks like AFC must also be cautious of iliquidity and insolvency and debt traps and repudiations aspects of infrastructural developmental loans...which eventually entrap Nations and State in debt traps and net exporter of capital and subsequently becomes counter productive as in under-developing the polity achieving exactly the opposite of what was originally desired...that is why we need experts to continue to re-examine the macro economic blue prints of Regional banking concepts, vs states and national govts with a view to continue to improve on the concept of Nigeria becoming the financial Hob of the African continent..which was the reason d entree of the home grown regional banking AFC in Africa but if not properly harnessed we could end up as Financial Hob speculating and peddling other peoples financial instruments and perhaps a net exporter of capital.....for more than 3 decades Prince frank Ukonga has been working on these concepts of how to make a viable financial hob of a leading city in Africa..like Lagos and the whole onus lies on the fact that we have to continuously be pro active...whence more consultations would be required in the context of internationalization of our Assets and Liabilities including the SWF,,,we commend the vision of the Acting President of Nigerian H.E. Professor Yemi Osinbajo. Gratitude..frm Prince frank Ukonga