| The International Finance Corp., the World Bank’s private-lending arm, plans a 25 percent boost in Nigeria investments to $2 billion by next year, said Solomon Adegbie-Quaynor, the country manager.
“We are partnering with the Nigerian Sovereign Investment Authority and also looking at institutions to work with for activities in banks, power, gas, transport and agriculture,” he said. Power will be an important industry for IFC investment “as it is identified as largest constraint to private-sector growth” in Nigeria, he added. The Nigerian Sovereign Investment authority manages the country’s sovereign-wealth fund...............................................Full Article: Source
|