Talk to us on infrastructures, Stanbic Bank CEO woos stakeholders

By Matthew Denis

The Chief Executive Officer of Stanbic IBTC Holdings, Demola Sogunle has calls on investors to partner the bank for effective investment in the infrastructural sector.

He made the disclosure during the CEO Breakfast meeting in partnership with the Bank at the 30th Nigeria Economic Summit Group conference held in Abuja on Wednesday.

The CEO while speaking on the topic “Sustainable Financial for Energy and Infrastructure in Nigeria” stressed that the programme is timely noting that all the recommendations, comments we have NESG very effective and well articulated channel to be able to bring them to frution in strengthening the economy.

He said ” what we don’t have control over is time will all these suggestions happen tomorrow we don’t know and will it happen in 2025 we don’t know but are we going to engage robustly to get them happen the answer is yes.

” The second aspect is that at Stanbic IBTC we’re willing and ready, partners in progress and one of our mandate is to drive solution that drives your progress that is why we are one of the very few financial institutions in this country that has 11 subsidiaries. So we are on both sides of your balance sheet.

” Whatsoever plans that you got when it comes to infrastructures talk to us because the infrastructure master plan was saying that Nigeria needs about $3trillion worth of investment over 30years which means that we need about $100billion per anum.

” Ladies and gentlemen go and check the Gross Domestic Products (GDP) of this country. Where are we going to get a $100billion to put in the infrastructure what does that means is that we need a lot of partnership, collaborations and legal reforms to be able to attract investors and investment.

” Someone suggested in one of the table that we should follow the money, DFI, grants and concessional credit facilities to come to frution in Nigeria and NESG and Stanbic IBTC is able and willing to do that. “