By Nkiruka Nnorom
In a bid to increase productivity among businesses and boost infrastructure development in the country, Restorium Capital Limited, an investment banking and project development firm, said it is launching trade finance and credit enhancement services for importers and manufacturers as well as project financing as it re-enters Nigeria market.
Additionally, the company said it would also launch stock loan funding for publicly-traded securities on the Nigerian Stock Exchange, NSE, for a minimum loan size of $1million.
Managing Director/CEO of the company, Omotayo Adeola, disclosed this at a virtual press conference to announce the re-launch of the company’s services in Nigeria after exiting the country five years ago.
The provision of appropriate infrastructure ranging from good road network and bridges to public utilities is a fundamental driver of economic growth, and the demand for such services is expected to surge in the next few years.
Unfortunately, the allocation of funds for infrastructural projects is insufficient to cope with this projected increase in demand. x
A recent report released by Moody’s Investors Services, a leading global risk assessment firm, indicated that Nigeria needs to spend about $3 trillion over the space of 30 years to bridge the country’s infrastructural gap.
According to the report, significant financing from the private sector and multilateral needed to address Nigeria’s infrastructure deficit, as it is behind peers in other emerging markets, and will require significant investments to bridge its infrastructural gap.
news
Irish firm to provide dollar-based funding for Nigeria Akintunde1
By Taofik Salako, Deputy Group Business Editor
Restorium Capital Limited, an investment banking and project development firm based in Dublin, Ireland, has launched its high-impact finance, opening new window for direct dollar-funding to governments and companies.
Its Managing Director, Mrs Omotayo Adeola, said the company has enormous potential to support companies and governments with huge dollar-based funding and could provide as much as $1 billion to any public-private partnership deal.
At a virtual press conference to announce the commencement of operations in Nigeria at the weekend, Adeola said the company decided to choose Nigeria as its first country of operations in Africa because of its belief in the economy and its potential, noting that the company’s next expansion will be to Ghana by the second or third quarter of the year.