The American Sponsored Nigeria Marshall Plan Takes Action to Redirect Financial Crisis
Russell Duke
Funding & Financial Stimulus to Nigeria States In Talks
Seven newly elected Governors of Nigerian States are in talks and negotiations with National Standard executives in both Africa and the United States as well as members of our financial consortium from other parts of the world for funding to stimulate their state’s troubled economies.
What does this mean for Nigerians?
• New Jobs
• Lower Public Debt Interest Rates saving taxpayer’s money
• New local projects for the community
• State’s ability to pay employees and retirement benefits
• Greater financial stability for the State
• Increased revenues to the State
If these talks and negotiations are successful, these funds would be used by the state’s to cover many uses from state to state including, pay salaries and pension benefits, refinance existing high costs local debt with lower costs long term debt and to build new economically essential projects in their states that will create jobs and increase state revenues. Several states have already received sizable funding offers (exceeding USD $200 Million per State that has received an offer) in writing for their acceptance, however as common in Nigeria, things move very slowly and completing major transactions such as these can be delayed months or even years by the political process without real cause or explanation. As such the timing for this to occur can only be determined by the local government leaders that must take action and make decisions on behalf of its citizens.
National Standard invites all Governors, government leaders, central government officials of the new administration and Nigeria’s leading bankers to also reach out to National Standard and myself personally as Chairman so that they may also participate in this financial and economic reformation of Nigeria together. Our consortium’s objective is to facilitate economic stability and growth through impact financial investing and development throughout Nigeria and all 36 Nigerian states. Governors and government leaders or their representatives who demonstrate a commitment a sincere intent to engage in cooperation with our consortium will be given the utmost priority and resources with immediate action. Our consortium is also planning a capital infusion for the local banks who need liquidity for lending and are currently working with some local banks, but we encourage other local banks to also approach us directly. Together we can return Nigeria to the financial powerhouse of Africa, but this requires true dedication, cooperation and help from the outside world as part of Globalization that Africa is yet to truly embrace. Our consortium is sending an international delegation to Abuja in the next two weeks for high level meetings to advance this economic stimulus program with our local partners and government officials throughout the country.
Subject to proper governmental support and approval, National Standard in conjunction with a currently organized global consortium of large financial institutions and funds mostly from North America are prepared to inject billions of U.S. dollars of private institutional capital at very attractive terms (below the current government borrowing interest rate) into the Nigeria government and economy in the coming months, but also for years to come with the hope of becoming a long time partner and ally to Nigeria. National Standard’s comprehensive plan includes capital for low income housing, high quality healthcare, power, education and the transmission grid system that is so urgently needed as well as transportation, agriculture and mining.
Additionally, we at National Standard intend to work with the new government leaders both at the State and central government level to partner with the government to fund the operating budget shortfalls to ensure workers are paid and the economy is stabilized and begins to strengthen as we implement our economic stimulus plan to create new jobs, improved infrastructure and increasing the country’s foreign reserve holdings which are critical for international trade.
Global Sovereign & Infrastructure Investors
National Standard Finance, LLC is a leading multinational institutional alternative investment company and asset manager that specializes in sovereign (government) and infrastructure investing. National Standard is capitalized by a consortium of large North American financial institutions and some of the world’s leading global investment banks with combined financial assets exceeding US $2 Trillion which provide us with the financial backing to tackle the most complex and challenging financial transactions. National Standard maintains offices and staff across the global markets we serve.
A pioneer with best in class capabilities in global sovereign and infrastructure financial markets, National Standard is partnered with sovereign and sub-sovereign governments, helping design and fund infrastructure development programs. This includes leading government sponsored finance agencies and many of the world’s elite institutional investors, to create a progressive global capital syndicate dedicated to financing critical infrastructure and sovereign capital requirements around the world.
The sector focus is credit-worthy essential infrastructure assets, including but not limited to transportation, energy (Power, Oil & Gas), social programs including low income housing, healthcare and other mission critical assets sponsored by sovereign partners and executed by world-class private sector partners.
National Standard’s mission is to provide long term flexible private infrastructure capital [debt, leasing & equity] to select international markets, massively underserved by deleveraging international banks, formerly the backbone within these segments.
National Standard serves the global sovereign, sub-sovereign and infrastructure financial markets as the leading go-to financial institution for complex cross border financial transactions. National Standard is a leading progressive institution in Foreign Direct Investment across the emerging markets including Africa, India, Middle East and Latin America.
National Standard develops and finances infrastructure and real estate assets by bridging the gap between the public authorities’ financing requirements and their need to deliver long-term infrastructure assets and services, with the expertise and efficiencies provided by private sector developers and private capital.
A strategic player in global infrastructure markets and sovereign based investing, National Standard partners with sovereign, sub-sovereign and local governments, private developers and like-minded corporations to help design infrastructure development and capital programs.
National Standard’s Africa operations (National Standard Finance Africa) are managed out of Johannesburg, South Africa and is managed by Michael Tichareva, Principal and Managing Director of National Standard Finance Africa and Kajiya Kantumoya, Director of Investments
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7 Comments
They will eat the money. Stop disturbing yourself.
Let the 419 games begin.
The problem is we don’t read enough. In fact how can one read when there is no light. Also, after you have waited in a queue for 6 hours in the hot sun to buy fuel, you are tired and just want to sleep. I we read enough we would see that Russell Duke is an Economic Hit Man. Read Confessions of an Economic Hit Man, by John Perkins.
How about getting those corrupt politicians out of office? Nigeria has more than enough money for a 1st world standard of living.
this is quite strange. nigeria doesn’t need any international loan or help. they would turn the country to another greece, which means complete and total destruction for nigeria. we have enough financial and human capacity to fund our projected. what we just need is good leadership and high quality project. no more building govt office complex
Nigeria, the big apple. Chop and quench. Sea, sea never dry. Every governor in Nigeria gets N500 million naira as security votes monthly, which is not subject to any form of accountability. Convert that amount to United State dollar at N1.50 (naira) to the dollar, that is about $3,333,333.33 (million dollar), which no American governor gets to spend on security annually without legislative approval and accountability. If that money is actually spent on security, Nigeria will be the safest place on the planet. On the other hand, if that money is spent on healthcare, our hospitals will no longer be mere mortuaries. We should stop fooling ourselves, expecting manners from heaven. According to the Bible, “Faith without work, is death.” If we think Nigerian politicians and civil servants will do the right thing without being held accountable by the masses, we are living in fantasy. Our laws are designed to ensure that civil servants and politicians get away with corrupt practices through the doctrine of locus standi and non-justiciability of chapter 2 of the 1999 constitution just like its predecessor, the 1979 constitution. Guardian if you like publish my story, that is the truth. It should be told. I know you often delete my story.
It is the below enriched mentality of Nigerians that fail to understand how an economy functions and therefore leaves Nigeria in failure with no plan for success. For example below, it says how can one read if there is no light. Without inexpensive infrastructure capital to build more power Nigeria will never have sufficient power as Nigeria currently only has approximately 30% of the power needed. Most Nigerians do not realize that our Nigeria government is currently paying as of today 14.72% interest on their 10 year debt. No business or country can sustain its economy or develop power at this costs of capital. The international lenders offer money to Nigeria at half what the local lenders charge in interest so why would you say we don’t need international loans which means you would rather pay double the interest rate locally and you still have no power as the local banks don’t have the funds needed for Nigeria as they lack liquidity. Nigeria is already on the verge of Greece, not because of your debt which is less than 20% of GDP, but rather due to poor management of the economy and a history of corruption. Nigerians are its own worst enemy in most instances. Also you should understand that in regards to purchasing gas, Nigeria must purchase oil from the markets in US dollars not Naira. This means the government needs US dollar reserves to be able to purchase oil for gas in the markets – international loans provide the US dollars that can be used to purchase oil/gas.
We will review and take appropriate action.