While public investment would dominate the sector, the challenge is to attract private funding to this sector. In most countries, infrastructure financing has taken place by the government itself or with explicit or implicit guarantees from the State. To attract private investment, many countries have offered policy guarantees, refinance and maturity extension guarantees, viability gap funding etc.
The CBN’s internal reporting system could not serve as an effective warning system for bank surveillance. In addition, banks made public information on their operations on a highly selective basis and investors were unable to make informed decisions on the quality of bank earnings, the strength of their balance sheets or the risks in their businesses.