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Sovereign Wealth Funds Briefing - Categorized | Market

Nigeria’s sovereign funds and IFC to support Nigerian Infrastructure Development

Posted on 25 July 2013

The Nigerian Sovereign Investment Authority (NSIA) is partnering with the International Finance Corporation (IFC) to develop, finance and implement infrastructure projects that will stimulate job creation, economic growth and social development in Nigeria. This was in parallel in the signing of a Memorandum of Understanding (MoU) between the IFC and NSIA.
The NSIA and IFC want to channel investment in areas such as housing, healthcare infrastructure, transport, power and gas. By structuring commercially viable investments, the two entities are trying to entice and encourage private investment in much needed infrastructure. Nigeria is one of the largest economies in Africa……………………………………….Full Article: Source


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