Nigeria to Appoint Fund Manager for US$37bn Infrastructure Fund

Economic council engages Buhari on three disturbing national issues

By CSL Analysts Earlier this month, President Muhammadu Buhari approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial seed capital of N1tn expected to grow to N15tn in assets and capital over time. The proposed establishment will attract private sector participation in the nation’s quest to bridge its infrastructure deficit necessary for the growth across all sectors of the economy. According to media reports, the board of Infra-Co will be chaired by the Governor, Central Bank of Nigeria (CBN); Managing Director, Nigeria Sovereign Investment…

Read more

Just In: Buhari approves formation of N1trn firm to tackle infrastructure deficit

Economic council engages Buhari on three disturbing national issues

Buhari approves formation of N1trn firm to tackle infrastructure deficit   President Muhammadu Buahri has approved the establishment of a company, Infra-Co, saddled with the responsibility of tackling the nation’s infrastructure deficit. Laolu Akande, the senior special assistant to the vice president on media and publicity, disclosed this in a statement on Friday titled “President Buhari approves formation of trillion naira company to address infrastructure deficit.” Akande said the company would take off with an initial seed capital of N1trillion which will come from the Central Bank of Nigeria, the…

Read more