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Presentaion from joseph oderinu
- 2. I hail from one of the developing Nations in Africa called Nigeria in which the measures put together by the MDBs, DRM, ODA and Private Investors are awesome BUT might not be able to conveniently help us achieve the SDGs Goals over here. I choose to propose these measures as stated in the digital artifact, though sound little but hold huge untapped potential in financing the development goals in Nigeria and in achieving the ambitious but realistic SDGS Goals in Nigeria where I live and work as a policy maker. This is meant for all policy makers
- 3. THE BASIC FINANCIAL INSTRUMENT ITS EFFECT IN NIGERIA MDBS DRM ODA PRIVATE INVESTORS IFI commitment to Infrastructure is about 5% which is very low Workers are not well paid so they really cant pay their tax We have enjoyed very little grants and much of debt relief Most private financing are not into productive Investment. Its more of repatriated profit/illicit finance
- 4. RENUMERATION RECOVERY OF STOLEN FUNDS MATCHING FUND POLICY FRAMEWORK FOR PRIVATE INVESTORS
- 5. As at 2013,Nigerians has at about 17million citizens in Diaspora and between 2011 to 2014 Nigerians in Diaspora had remitted about $63.17billion(#10.35 Trillion) into the country according to world bank at an interest rate of 12% and over 20% within Africa nations (one Africa country to another) The Excess fee from the 12% is enough money to pay for primary school education of 14Million Children meeting the SDGs number 4.
- 6. SDGs Goals would be achieved conveniently if solid partnerships are formed with developing and developed countries, and other bilateral and multilateral agencies in recovering STOLEN FUNDS. Nigeria’s public funds in private hands laundered abroad directly or through surrogates and phony companies in the past decades amount to about $150 billion This can take care of SDGs number 1,2,3 and 8.
- 7. About £120m was raised from the matching program in UK to help developing countries It’s acclaimed that about 2trillion naira was spent on the last election by one of the political parties in Nigeria and 21.7billion naira was raised by the same party. If the government with International Partners can encourage both private and public sector by setting up a matching program we might raise more funds and use it to finance some of the cogent SDGs Goals in Nigeria since we can raise such a figure independently for just ‘an election’ The Money should be able to cater conveniently for SDGs number 11,12 and 13(in conjunction with Green Bond for 13)
- 8. Most private firms are not financing productive investment in Nigeria such as Infrastructure despite the effort of World Bank to create a leverage ground for them to survive. Technological infrastructure is getting dominated in Nigeria BUT they are not being productive as they should A Policy should be set in place that only gives room to private investors who offer solutions in their given field that would solve major problem which would also provide jobs for others , that way we are gradually achieving goal number There are so many IT Infrastructure services but only a few of them can boast of robust hosting which makes them almost as good as not been in existence and the same goes for other sectors.
- 9. I SINCERELY HOPE I COULD UNLEASH ALL THE POINTS WITHIN ME BUT DUE TO THE PURPOSE AT HAND I CHOOSE TO JUST TABLE THESE FACT FOR POLICY MAKERS,BOTH AT THE LOCAL LEVEL AND INTERNATIONAL LEVEL. MY STUDY AT THE WORLD BANK GROUP HAS BEEN AWESOME AND I HOPE TO KEEP ON LEARNING AND I MUST CONFESS THAT THE WORLD BANK HAS REALLY BEEN DOING A LOT AND I SEE POSSIBLITIES IN THESE GOALS WITH THE HELP OF THE MEMBER COUNTRIES,ODA AND ALL OTHER INSTRUMENT AS STATED
- 10. My name is still Oderinu Ifeoluwa Joseph ODERINU JOSEPH ON ALL SOCIAL MEDIA PLATFORM