Nigeria to set up N1 trillion company to build infrastructure

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It is envisaged that, over time, the entity will grow to N15 Trillion in assets and capital.

entities in Africa and will be wholly dedicated to Nigeria’s infrastructure development. The entity has been developed with concept designs from the National Economic Council and the Central Bank of Nigeria.

The initial seed capital for the entity will come from the Central Bank of Nigeria, the Nigerian Sovereign Investment Authority, NSIA, and the Africa Finance Corporation. To address Nigeria’s infrastructure deficit, the Buhari Administration continues to explore innovative options, including through financing initiatives such as the Presidential Infrastructure Development Fund designed to cater for the 2nd Niger Bridge, the Abuja-Kaduna-Zaria-Kano Expressway, and other projects.

 

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What ! Another white elephant's project why should it be government? Creating another employment for their kids

Lori Iro

Nigeria would still privatise it in future...

They kingdom come

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