Sentences with phrase «finance infrastructural projects»

Not exact matches

The authors go on to illustrate that the remaining 20 cents of loan monies are used to finance white elephant projects, «ghost» projects» (i.e. fictitious roads, schools, soldiers, etc.), government salaries, ineffective development and infrastructural projects or it leaves the country through capital flight within the coming years — leaving little to nothing of actual development monies for the citizenry of these countries.

The Finance Minister, tells Citi Business News that the proceeds of the bonds will largely support the government infrastructural projects.

But experts said on Wednesday that the amount was too huge and that the Buhari - led administration needed to tell Nigerians the specific infrastructural projects in exact locations across the country that the money would be used to finance.

To this end, the Bank will carry out non-commercial activities particularly intended to facilitate access to finance to SMEs and to support large infrastructural projects when investment is insufficiently available from the market.