The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has commenced a discussion with Nigeria Sovereign Investment Authority (NSIA) on innovative solutions for Nigeria’s infrastructure financing gap.
During a meeting held on Wednesday in his office in Abuja, a proposal for the establishment of a Nigeria Infrastructure Finance and Guarantee Facility (NIFF), a dedicated provider of credit and guarantees for local infrastructure projects was made
A statement by the director of media and information, Muhammed Manga indicated that the NSIA delegation, led by Managing Director and CEO, Mr. Aminu Umar-Sadiq, included:
– Mr. Kola Owodunni, Executive Director and Chief Investment Officer
– Mr. Victor Sesere, Financial Controller
– Mr. Tolu Adeleke, Partner at PwC
– Ms. Olumorin Motunrayo, Senior Assistant at PwC
The proposed NIFF according to the statement is to bridge the infrastructure financing gap by providing a stable source of funding and guarantees for critical projects.
This strategic partnership between the Federal Government and NSIA demonstrates a commitment to driving economic growth and development through innovative financing solutions.