DataPro Limited, Nigeria’s Technology-driven Credit Rating Agency (CRA), has announced the framework for its 2023 International Rating Webinar, focusing on the “–Role of Sub-nationals and Credit Rating Agencies in Infrastructure
Development.” This informative webinar will hold virtually on October 12, 2023.
The webinar aims to engage various stakeholders involved in Infrastructure Development in Africa, particularly in Nigeria, including Capital Market Operators, Credit Rating Agencies, Financial Market Regulators, Subnational Governments, Institutional Investors, Private Equity Firms, Development Banks, and others.
The role of Subnational Governments in driving infrastructure development is wellestablished, particularly in developed countries. However, in developing nations like
Nigeria, Subnational Governments face challenges in expanding their involvement in
infrastructure projects, mainly due to a lack of long-term financing options.
To address this, the webinar will seek a road map for sustainable infrastructure development at the Subnational level through the Capital Market. Extensive research highlights several viable options for Subnational Governments to consider, such as development transfers, accessing the capital (debt) market, public sector lending, and public-private partnerships. However, the effectiveness of these options hinges on the implementation of robust policies and frameworks that will improve fiscal responsibility, accountability, transparency, good governance, and creditworthiness at the Subnational level in developing countries, including Nigeria.
The 2023 International Rating Webinar will conclusively address the crucial role of
Credit Rating Agencies in evaluating the creditworthiness of Subnational Governments. It will also delve into discussing Policies and Frameworks that can enhance the Fiscal Responsibility of Subnational Governments, along with exploring Developmental Finance options for Subnational Governments in Infrastructure
Projects. Special Guests include Mr. Lamido Yuguda (Director General, Securities & Exchange Commission).
The Keynote Speaker at the Webinar is Mr. Kehinde Ogundimu, Managing Director,
Nigeria Mortgage Refinance Company, NMRC.
The webinar will also host an interactive Panel Discussion involving: Mr. Egie Akpata,
(Director, UCML Capital); Mr. Adeniran Ajakaiye (Managing Director, Africa Plus Partners); Mr. Anhad Narula (Chairman, Africa Infra Plus Fund) among other notable professionals within the Capital Market. The Discussions will be Moderated by Mr. Oladele Adeoye who is the Chief Operating Officer at DataPro Limited.
OUR COMPANY
DataPro is considered as the fastest growing Credit Rating Agency (CRA) in Africa,
driven by new technologies such as Artificial Intelligence (AI), Machine Learning (ML), Big Data and Analytics, it has achieved greater efficiency, better Turnaround-Time (TAT) & increased transparency in its rating process.
Since it got licensed as a CRA by the Securities & Exchange (SEC) in Nigeria in 2004 it has recorded significant milestones in popularizing the value propositions of Credit Rating in the efficient allocation of capital and protection of investors’
interest within the Capital Market.
It publishes a monthly e-magazine known as “Monthly Rating Brief” and organizes
an Annual International Credit Rating Webinar every October as part of its advocacy for the industry.
In March of 2022, DataPro entered into a strategic partnership with ModeFinance,
Europe No1 FinTech Rating Agency, to launch Rating-as-a-Service (RaaS) Credit
Risk Management Solution called Tigran-for-DataPro for the Nigerian market.
DataPro also has a working alliance with the Islamic International Rating Agency
(IIRA) in order to deepen the issuance of Sukuk and other types of Islamic Bonds in the Nigerian market. We are at the forefront of building bridges between all Credit Rating Agencies in Africa.
WEBINAR OBJECTIVES
➢ To deliberate on the roles Credit Rating Agencies, play in assessing the creditworthiness of Subnational Governments.
➢ To suggest Policies and Frameworks that can improve the Fiscal Responsibility
of Subnational Governments.
➢ To develop Finance options for Subnational Governments in Infrastructure
Investment in Nigeria.
➢ To analyze the lessons and experiences from other countries when it comes
to Subnational Governments and Infrastructure Development.
Conclusively, this year, the program promises to be bigger, richer and open to a wider audience. We believe it will promote fast acceleration of funding economic development in Nigeria.
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