FG Explores Strategic Partnership with  NSIA to bridge Infrastructural Financing Gab 

Oru Leonard 

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has met with a delegation from the Nigeria Sovereign Investment Authority (NSIA) to discuss innovative solutions towards addressing Nigeria’s infrastructure financing gap.

The meeting, which was held today in his office in Abuja, proposed the establishment of a Nigeria Infrastructure Finance and Guarantee Facility (NIFF), a dedicated provider of credit and guarantees for local infrastructure projects.

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 aims 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.