Nigeria Proposes Linking 10 West African Bond Markets

Nigeria is proposing a regional capital market integration framework involving 10 West African countries to ease cross-border investment, deepen bond trading and unlock long-term financing for infrastructure and economic growth.
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Tuesday at the S&P Global Ratings Africa Summit in Lagos, where he said fragmented capital markets across the region were limiting access to the scale of financing required to support economic development.
Oyedele said no single market in the region was sufficiently deep to attract the volume of long-term investments needed to fund infrastructure and drive sustainabl...