By Victoria Onyisi
The 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 at the Headquarters of the Ministry 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 and sustainable 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.
